Rumors have been circling that another retail giant was in serious danger of going under and would file for bankruptcy soon. The rumors turned out to be true. Earlier this summer, CBS News reported that despite Big Lots planning a few new locations in 2024, they’d close 35-40 of their existing locations permanently. They cited a document that the Ohio based retailer filed with the Securities and Exchange Commission. That same document, Big Lots said they had “substantial doubt” that they’d be able to continue the brand. The brand reported a net loss of $205 million during the first quarter of the fiscal year.