Big Lots announced in September that the company had filed for Chapter 11 bankruptcy protection and planned further closing more than 340 stores. The closings come as affiliate Nexus Capital Management LP acquired Big Lots as part of a sale agreement, the retailer said in a press release.

“While the majority of our stores are profitable and we are taking all possible steps to improve the profitability of all of our stores, we will need to close certain locations to ensure that our business operates efficiently and that we can continue to serve our customers,” he said. the retailer.

In October, Big Lots closed an additional 50 stores in the United States. Although the stores are closing, the retailer has filed in the U.S. Bankruptcy Court for the District of Delaware to continue paying and providing benefits to employees, as well as sending payments to major suppliers so it can continue to run the business.