Big Lots could potentially close 315 stores

Up to 315 of discount retailer Big Lots’ locations could be on the chopping block and facing potential closure, a Securities & Exchange Commission filing from Friday indicated.

The company disclosed in the filing that it had upped the number of permitted store closings to a maximum of 315 as part of late July amendments to a credit agreement and term loan facility. That marked a 165-store increase from the 150 closings previously permitted. ---More...