Closing more locations will allow the company to have a “more focused footprint” and conduct business efficiently, said President and CEO Bruce Thorn.

Why Big Lots is closing shop. The post What Happened to Big Lots? Bankruptcy, Store Closures Explained appeared first on Mandatory.

Big Lots has seen sales decline for nine consecutive quarters at stores that have been open for at least a year, according to FactSet. While specifics were not disclosed, the company will be closing some stores as it navigates the bankruptcy process.