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    Multiple Bay Area Big Lots stores close amid bankruptcy

    By Jordan BakerThe Associated Press,

    6 days ago

    https://img.particlenews.com/image.php?url=0WHnUH_0ve1OCYm00

    ( KRON ) — Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection and 10 Bay Area stores are set to close soon.

    Big Lots is known for selling furniture, household essentials and home decor.

    The Columbus, Ohio-based company said in a statement that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal product purchases, two categories the chain depends on for a significant part of its revenue.

    Cisco layoffs to impact hundreds of Bay Area workers

    Here are the Bay area stores impacted by the closures:

    KRON4 has reached out to multiple stores. The Livermore location is slated to close Saturday. A few of the stores said they are set to close on Sunday, Sept. 29, including locations in Vacaville, Santa Rosa and Milpitas. Other stores have said they will remain open until all inventory is sold.

    The Associated Press contributed to this story.

    Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to KRON4.

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