The Big Lots Distribution Center in Tremont, Schuylkill County, is set to shut its doors in early 2025, according to a WARN notice posted by the Pennsylvania Department of Labor and Industry.
The notice confirms that 505 employees will be affected, with layoffs beginning on January 6, 2025, and the closure expected to be completed by March 31, 2025.
This announcement comes in the wake of Big Lots, Inc.’s decision to initiate going-out-of-business (GOB) sales at all remaining locations nationwide. The company’s Frackville store is among those slated for closure.
Big Lots is pursuing this course of action as part of its efforts to protect the value of its estate while exploring potential sales alternatives. In a statement released Thursday, the company acknowledged that it does not expect to finalize its previously announced asset purchase agreement with Nexus Capital Management. However, it continues to engage with Nexus and other interested parties in hopes of completing a sale by early January.
“We all have worked extremely hard and have taken every step to complete a going concern sale. While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process,” said Bruce Thorn, President and CEO of Big Lots.
Liquidation sales are expected to begin in the coming days, marking the start of the end for Big Lots operations nationwide. Despite the closures, the company has assured customers that it will continue serving them both in-store and online throughout the process.
The distribution center’s closure will have a significant impact on the Schuylkill County community, as 505 employees face the prospect of unemployment. Big Lots has not yet provided specific details about severance packages or support for affected workers.
The timeline for the Frackville store’s final day of operation remains unclear, but updates are anticipated as the liquidation process unfolds. Meanwhile, the company’s decision leaves uncertainty about the future of its assets and employees across the nation.
The Big Lots Distribution Center in Tremont, Schuylkill County, is set to shut its doors in early 2025, according to a WARN notice posted by the Pennsylvania Department of Labor and Industry.
The notice confirms that 505 employees will be affected, with layoffs beginning on January 6, 2025, and the closure expected to be completed by March 31, 2025.
This announcement comes in the wake of Big Lots, Inc.’s decision to initiate going-out-of-business (GOB) sales at all remaining locations nationwide. The company’s Frackville store is among those slated for closure.
Big Lots is pursuing this course of action as part of its efforts to protect the value of its estate while exploring potential sales alternatives. In a statement released Thursday, the company acknowledged that it does not expect to finalize its previously announced asset purchase agreement with Nexus Capital Management. However, it continues to engage with Nexus and other interested parties in hopes of completing a sale by early January.
“We all have worked extremely hard and have taken every step to complete a going concern sale. While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process,” said Bruce Thorn, President and CEO of Big Lots.
Liquidation sales are expected to begin in the coming days, marking the start of the end for Big Lots operations nationwide. Despite the closures, the company has assured customers that it will continue serving them both in-store and online throughout the process.
The distribution center’s closure will have a significant impact on the Schuylkill County community, as 505 employees face the prospect of unemployment.
The timeline for the Frackville store’s final day of operation remains unclear, but updates are anticipated as the liquidation process unfolds.