Major Retailer In Louisiana Closing Down More Locations, Here’s What We Know

This retailer filed for Chapter 11 bankruptcy earlier this month, with a plan to close 300 of their stores nationwide, now they have added another Louisiana location to the list.

The major retailer is adding 47 more locations to permanently close down and those also include more locations in Texas as well.

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The Hill is reporting that another Big Lots location in Louisiana will be closed down:

Shreveport

Big Lots CEO Bruce Thorn said in a press release that most of their store are profitable and they need to focus on downsizing their footprint to preserve the company as a whole.

It looks like they grew too fast and made some bad decisions on where to place stores.  It makes good business sense to trim some of the fat for the good of the future of the company.

To see the full list of all the new Big Lots locations that are closing across the country click here.