This week, home discount retail chain Big Lots will open dozens of additional stores, marking the culmination of the beloved brand’s dramatic turnaround after it filed for Chapter 11 bankruptcy protection late last year. Here’s what you need to know about June’s Big Lots store reopenings.
Big Lots bankruptcy was expected to be the end
In December 2024, Big Lots announced that it had filed for bankruptcy and would be closing all of its roughly 800 locations. But in a surprising turn of events, the chain was saved from completely going out of business after another discount retail chain operator, Variety Wholesalers, swept in and agreed to buy 219 Big Lots locations from liquidator Gordon Brothers.
Variety Wholsalers, which also owns discount retail chains including Bargain Town and Super