Big Lots Closing Nearly 300 Stores Including Several in Indiana and Kentucky

is facing significant changes, including store closures in Indiana and Kentucky. I love having two locations in Evansville because the app will direct me to the location that actually has what I'm looking for in stock. I found the cutest little desk and a Mickey Mouse Club jacket! But soon we will be losing two Big Lots stores in our area.

Big Lots Announces Major Changes Amid Bankruptcy

Big Lots has announced its voluntary Chapter 11 bankruptcy as part of a strategic move aimed at optimizing its business. The company has entered into an agreement to be acquired by Nexus Capital Management LP, a decision expected to bolster financial stability and ensure long-term profitability. With a history dating back to 1967, the brand has always focused on providing customers with "extreme bargains" and unmistakable value—a mission they intend to uphold as they return to their roots under new ownership.

Chapter 11 and Store Footprint Optimization

There are currently 1,384 Big Lots locations in the United States, but that number has been slowly shrinking since January of 2024. While many locations are still profitable, the company is focusing on streamlining its operations to better serve its loyal customers. Unfortunately, some closures are necessary to achieve this.

Read More: 5 Southern Indiana Restaurant Chains in Danger of Closing in 2024

Evansville and Henderson Locations Set to Close

Locally, we are losing one of the Evansville stores; located on Diamond Avenue, and the Henderson, Kentucky store on 2nd Street are both slated to close. However, customers can still take advantage of clearance sales, with discounts of 20% off all merchandise.

Big Lots on South Green River Road in Evansville Remains Open.

What Happens Next for Big Lots Customers?

Big Lots is committed to ensuring customers still receive the same level of service and value. According to their website dedicated to keeping shoppers informed, customers can continue to find bargains online and at other nearby store locations. Additionally, BIG Rewards members will still be able to earn and redeem rewards, and the company will continue honoring gift cards and store credit cards.

For more information about the bankruptcy proceedings, including a list of store closures and updates, you can visit their official website.

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Customer Support During the Transition

For any questions or concerns, Big Lots encourages customers to reach out to their customer care team at 1-866-BIG-LOTS (244-5687). While these closures are unfortunate for local communities, the company aims to emerge stronger, offering even better value under new ownership.