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Big Lots is closing up to 315 stores. Here's where.

Big Lots is closing up to 315 stores. Here's where.

CBSN
Wednesday, August 07, 2024 07:51:00 PM UTC

Big Lots plans to close as many as 315 stores nationwide, the embattled discount retailer disclosed in a regulatory filing. South Dakota 

In addition to the closures, Big Lots detailed updated loan terms that reduce the Columbus, Ohio-based retailer's credit limit and hike the line's interest rate, according to the document submitted to the Securities and Exchange Commission. An earlier agreement allowed for as many as 150 store closings. 

The expanded retreat comes a month after Big Lots announced plans to open three stores and close 35 to 40 this year, adding that it expected further operating losses and citing "substantial doubt" about its ability to continue.

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