The Big Lots store near Frackville officially closed its doors on Tuesday, February 25, 2025, marking the end of its presence in Schuylkill County.
Big Lots, based in Columbus, Ohio, filed for bankruptcy in September had previously announced plans to close over 340 of its 901 total stores as part of its restructuring efforts.
The closure in Frackville also includes shutting down its Tremont Distribution Center.
The story of Big Lots’ bankruptcy is a tale of mounting financial pressures and strategic missteps. The company, once a thriving discount retailer with a strong presence across the United States, began facing declining sales and profitability in recent years. Efforts to revitalize the brand through store remodels and expanded product offerings proved insufficient to counteract the broader challenges of the retail sector.
In September 2024, Big Lots filed for Chapter 11 bankruptcy protection, citing unsustainable debt levels and dwindling cash reserves. Initial plans called for the closure of all stores, as a potential sale to Nexus Capital Management fell through at the eleventh hour. However, a new deal emerged in late 2024, when Gordon Brothers, a global advisory, restructuring, and investment firm, teamed up with Variety Wholesalers to acquire the company.
Under the terms of the deal, Gordon Brothers assumed control of Big Lots’ assets, including its remaining stores and distribution centers. The partnership with Variety Wholesalers, a retail conglomerate with a focus on discount and variety stores, is expected to reshape Big Lots’ business strategy and streamline its operations. While the deal saved the company from complete liquidation, it came at a steep cost: hundreds of store closures, significant layoffs, and the uncertain future of its distribution network.