For bargain hunters, Big Lots has long been a haven for furniture, home goods, and seasonal finds at rock-bottom prices. But in a cruel twist of fate, the discount retailer itself couldn’t withstand the rising tide of inflation.

Struggling closeout retailer Big Lots filed for bankruptcy protection Monday, saying it's been hurt by inflation and high interest rates.

COLUMBUS, Ohio — Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales. The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management.

U.S. discount retail chain Big Lots filed for bankruptcy, becoming the latest retail casualty as consumers reined in spending after a postpandemic surge.

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, weeks after the discount furniture store said it planned to close hundreds of stores.

The retailer is also in the midst of closing hundreds of stores. So far it has announced the closings of 292 locations. Customers can save up to 40% off at the store closing sales, according to Big Lots’ website.

Big Lots, which has filed for bankruptcy protection, says it plans to close additional stores in the coming months. Here's a look at the stores the retailer is already closing.

The Columbus, Ohio-based retailer this week filed for Chapter 11 bankruptcy protection and plans to close at least 296 stores. It started the year with nearly 1,400 stores nationwide. As one of the first actions in the case,

Four Louisiana Big Lots stores that are set to close soon are being put up for sale, as part of a move by the struggling discount retailer to keep the