US Election 2024 News LIVE Today October 17, 2024: Big Lots to shut down over 50 stores amid bankruptcy, check out full list of closed locations

In a shocking turn of events, retail giant Big Lots has announced plans to shut down over 50 stores across the United States amid financial struggles and bankruptcy. The news comes as a blow to both employees and customers who have relied on the discount retailer for affordable household goods and furniture.

According to a report by Hindustan Times, the full list of closed locations includes stores in major cities such as New York, Los Angeles, Chicago, and Atlanta. The closures are expected to result in hundreds of job losses and leave many communities without a convenient shopping option for budget-friendly items.

The decision to shut down these stores comes as Big Lots faces increasing competition from online retailers and other discount chains. The company has been struggling to stay afloat in recent years, with declining sales and mounting debt contributing to its financial woes.

Customers who frequent Big Lots are encouraged to take advantage of clearance sales and discounts at the affected locations before they officially close their doors. The retailer has not yet announced a timeline for when the closures will take place, but customers can expect more details to be released in the coming weeks.

As the US Election 2024 approaches, the closure of over 50 Big Lots stores serves as a stark reminder of the economic challenges facing many American businesses. Stay tuned for more updates on this developing story.