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Why Big Lots announced going out of business sales at remaining locations. What to know about closures in Tennessee

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Why Big Lots announced going out of business sales at remaining locations. What to know about closures in Tennessee


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Big Lots has closed over 400 stores in 2024 and has now announced going out business sales across its remaining locations.

On Thursday, Big Lots announced in a news release that it did not anticipate a sale to Nexus Capital Management going through. In this deal, Nexus Capital Management would have taken over Big Lots by early January helping the chain achieve financial stability.

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Here’s what to know about Big Lots closures in Tennessee.

Is Big Lots closing all its stores?

Big Lots does not have any plans to close all of its stores yet. The going out of business (GOB) sales are a way for the company “protect the value of its estate,” according to their statement. The goal is for the sales to allow Big Lots to continue being a company that is financially stable enough to meet obligations and continue business in the near future.

“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, Big Lots’ President and Chief Executive Officer,

The company filed for Chapter 11 bankruptcy in September after announcing the original plan to close less than 50 stores in July. There have been over 400 stores announced for closure since then.

Which Big Lots stores in Tennessee are closing?

As previously reported by USA TODAY, the stores closing in Tennessee include two stores outside Nashville and one in northwest Tennessee. They are:

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There has been one store added to the closing list:

How many Big Lots are there in Tennessee?

There are a total of 47, soon to be 43, Big Lots stores across Tennessee. Locations include Chattanooga, Clarksville, Memphis, Knoxville and more. A complete list of Big Lots stores can be found at local.biglots.com/tn.

Why is Big Lots closing stores?

High inflation and interest rates are impacting Big Lots like many other stores. Additionally, a news release from the company said economic trends like customer spending on home and seasonal products, have affected the company’s revenue.

The company had previously reported that sales in the first quarter of 2024 fell more than 10% compared to the previous year. The company did perform better in the second quarter, yielding improved comp sales.

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“While the company’s underlying performance has been improving, the Board of Directors conducted a broad strategic review of alternatives and determined that entering into the Sale Agreement with Nexus, and initiating a court-supervised sale process, is the best path forward to maximize value and ensure continued operations,” wrote Big Lots in the news release.



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Tennessee

Titans Projected to Land Vikings QB in Free Agency

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Titans Projected to Land Vikings QB in Free Agency


There is one item on the Tennessee Titans’ to-do list this offseason that stands out among all the rest. Obviously, that item is finding a new starting quarterback for the 2025 season.

After a brutal year of quarterback production in 2024, the Titans are a near lock to bring in a new signal caller. Whether they use the No. 1 overall pick in the 2025 NFL Draft on a quarterback, sign one in free agency, or look to pull off a trade, a new starter is almost certain to be under center in Tennessee.

Most of the talk about the Titans landing a quarterback has surrounded the draft. Shedeur Sanders and Cam Ward have been talked about constantly since Tennessee landed the top pick.

However, the rumors surrounding free agents like Sam Darnold and Aaron Rodgers have been loud as well.

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With that being said, a new projection has come out that has the Titans signing Darnold in free agency.

Matt Johnson of SportsNaut had Tennessee signing Darnold as one of his 15 predictions for the offseason.

“A return to the Minnesota Vikings now seems out of the question. The Las Vegas Raiders might also be an option, but it’s hard to believe they would see Tom Brady as a franchise savior. Instead, Tennessee Titans head coach Brian Callahan rolls the dice with his job on the line in 2025,” Johnson wrote.

“Tennesee has already demonstrated that it is willing to spend big in NFL free agency, even if it isn’t in the team’s best long-term interest for building a team. Darnold provides stability and if Tennessee uses its first-round pick on a right tackle, the Titans offensive line could be good enough for Darnold to succeed on a three-year deal.”

Darnold put together a monstrous 2024 season with the Minnesota Vikings. He ended up playing all 17 games, completing 66.2 percent of his pass attempts for 4,319 yards, 35 touchdowns, and 12 interceptions. He also picked up 212 yards and a touchdown on the ground.

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At 27 years old, Darnold is still young enough to be a long-term quarterback. He will turn 28 before the 2025 season kicks off, but the Titans would still have their long-term signal caller if they sign him.

Many are split with their opinions about Darnold. Some think that he was a product of playing with the Vikings and having an elite supporting cast. Others think that Darnold is the real deal.

It would be a risk to sign Darnold, but so would drafting a quarterback.

Expect to hear a ton of rumors and specluation about Tennessee and its quarterback situation as the offseason gets going. Darnold is a name to keep a very close eye on.

Make sure you bookmark Tennessee Titans on SI for the latest news, exclusive interviews, film breakdowns and so much more!

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Titans Legend to Interview For Bears HC Job

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Titans Legend to Interview For Bears HC Job


Tennessee Titans fans could see one of their favorite players back on the sidelines in the NFL next season.

According to NFL insider Jay Glazer, the Chicago Bears will interview former Titans running back Eddie George for their head coaching vacancy on Sunday morning.

George, 51, has been the head coach at Tennessee State at the FCS level for the past four seasons, compiling a 24-22 record.

Before George went into coaching, he spent eight seasons with the Titans organization as a running back. He began his NFL career in 1996 with the Houston Oilers but was part of the franchise’s move to Tennessee in 1997. He played and started in every game at running back for the team over the course of eight seasons, racking up over 900 yards in every campaign he had with the Oilers and Titans.

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He spent the final year of his playing career in 2004 with the Dallas Cowboys. In 2019, the Titans retired his No. 27 jersey.

Now, George could find himself back in the NFL as he interviews with the Bears, who are looking for a replacement for fired head coach Matt Eberflus.

Make sure you bookmark Tennessee Titans on SI for the latest news, exclusive interviews, film breakdowns and so much more!



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Titans hire Mike Borgonzi as GM: What he brings to Tennessee

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Titans hire Mike Borgonzi as GM: What he brings to Tennessee


The Tennessee Titans made a splash on Friday when word broke that the team had reached an agreement to hire former Kansas City Chiefs assistant general manager Mike Borgonzi as their new general manager. 

When they set out on their search, president of football operations Chad Brinker stated that the organization was looking for a dedicated football man. That is exactly what they found in Borgonzi. 

Viewed as one of the top general manager candidates in this hiring cycle, the Titans landing Borgonzi was a home run hire. A longtime member of the Chiefs front office, he has experience in every aspect of football operations and had a loud voice in draft preparations.

Borgonzi has lived a footballing life. He went from All-Conference Ivy League fullback to college coach to NFL scout and now general manager. Hired in 2009 by the Chiefs, his stay crossed multiple regimes in many front office capacities. Now all of those experiences, along with his history with the Chiefs, should help transform the culture in Tennessee. 

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His ability as a talent evaluator should also give the Titans a huge boost. During his time as director of player personnel, the Chiefs built their championship roster, including landing cornerstones Patrick Mahomes and Chris Jones early in the draft. While those were high draft picks, the Chiefs excelled in the later rounds as well, picking up impactful players such as Isiah Pacheco under his watch. 

Borgonzi is also well-respected in league circles and his addition should give the Titans some added respect across the NFL. Important for a team struggling to find stability and success. 

Tennessee has a lot of work ahead of them to improve from the 3-14 mess that took the field in 2024. Armed with the No. 1 overall selection in the 2025 NFL draft and having roughly $55 million in cap space should give Borgonzi plenty of ammunition to start building the Titans into a contender.  



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