Discount retailer Big Lots plans to shutter more than 300 stores

Big Lots, the Ohio-based big box discount retailer with nearly 1,400 stores nationwide, is planning to close up to 315 stores in some three dozen states as persistently high inflation has kept customers away — putting the company in danger of bankruptcy. The company submitted a filing with the Securities and Exchange Commission outlining the updated terms of a loan agreement with PNC Bank. The initial agreement called for the closure of up to 150 stores while the amended agreement stipulated that it may nee ...