Big Loss
2 more Houston-area Big Lots stores shutter in latest round of closings
A closing sale offers a last hurrah.
More stores are on the Big Lots chopping block following its Chapter 11 bankruptcy filing. The company has announced multiple rounds of closures since September, and in November it's listed another 19 more nationwide, according to court documents obtained by USA Today. That total includes two in the Houston area.
- Big Lots at 23741 Highway 59 Ste 30 in Porter, Texas
- Big Lots at 1201 West Nasa Parkway in Webster, Texas
The first wave closed 16 stores across Texas, including four in Houston; the second saw 23 across Texas including five in Houston.
The latest round also included one San Antonio store at 3715 Colony Dr.
According to the Big Lots website, the closing is still in process. A closing sale offers up to 20 percent with "limited exceptions."
These shouldn't be too shocking, since all the locations that have closed so far were listed in the September document according to USA Today. There were 344 in all.
However, not all Big Lots stores have closed or will follow suit. Some were auctioned off, and everything else has been sold to Nexus Capital Management LP. Big Lots is framing this restructuring as "a return to [its] roots."
Big Lots opened in 1967 and has become popular thanks to deep discounts on furniture, home goods, and even grocery items.
