It appears that Big Lots! is going to liquidate

One of my friends covered the bankruptcy filing of Big Lots! a couple months back and I would advise you look at his post and accompanying videos for more context. The news today is that the deal that would have saved at least some Big Lots! outlets had fallen through, and the company is days away from simply liquidating remaining inventory and closing all currently opened locations. I am well aware of my city's Big Lots! store. It is located in the same shopping center as the pharmacy I go to. There are some other discount outlets located at the same shopping center, including a Ross. I had expected that our city's Big Lots! would have been closed regardless, as that seems to be what often happens when a major change goes through bankruptcy. That said, the store always looked busy - at least based on parking lot traffic - so perhaps it would have survived reorganization. Barring a miracle, I guess we will never know. The retail apocalypse isn't quit my usual beat, but since the collapse of retail shopping began around the Great Recession, I've certainly paid attention over the years.

Update: It appears that Party City is also liquidating its remaining stores. This has been the largest party supply retail chain in the US. The company just never could quite compete against the larger chains and the rise of online shopping.

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