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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

Tennessee man dies after falling from raft into Ocoee River

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Tennessee man dies after falling from raft into Ocoee River


TURTLETOWN, Tenn. (WSMV) – A Tennessee man died Sunday after he fell from a raft while paddling on the Ocoee River in Polk County, according to the Tennessee Wildlife Resources Agency.

The TWRA said game wardens and Tennessee State Park Rangers responded to just south of Ocoee Dam No. 2 for reports of an unconscious man on the Ocoee River.

Witnesses told officials that 50-year-old Richard White, of Cleveland, fell from a raft while paddling on the river. Bystanders pulled him from the water and performed CPR until emergency services arrived.

The TWRA said White was taken to Bradley Medical Center, where he was pronounced dead.

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White was wearing protective equipment, including a helmet and a personal floatation device, the TWRA said.

The investigation is ongoing.

This incident marks the sixth boating-related fatality this year, the TWRA said. This is the first death this year in which the victim was wearing a life jacket.

Copyright 2025 WSMV. All rights reserved.



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Tennessee approves Summer EBT grocery benefits starting in 2027

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Tennessee approves Summer EBT grocery benefits starting in 2027


NASHVILLE, Tenn. (WTVF) — Tennessee has approved funding for Summer EBT benefits that will put money directly on families’ grocery cards, but the program will not kick in until summer 2027.

This delay leaves families to find other resources for the upcoming summer.

The program will make way for eligible families to get $120 in federal funds per child to spend on groceries during summer months when kids lose access to school breakfast and lunch.

About 700,000 Tennessee children would qualify for the benefit.

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Tennessee participated in 2024 but skipped the program for 2025 and 2026.

Advocates like Marissa Spady, senior manager at No Kid Hungry, say the program couldn’t be more critical.

“It’s very exciting to know that families will have the resources that they need to make sure that their children are able to head back to school in August with having the nutrition they need to be ready to learn,” Spady said.

The program allows families to use benefits at grocery stores and farmers markets they already shop at, bringing millions of federal dollars into Tennessee’s economy.

For families needing help this upcoming summer, you can check with your school district about summer meal sites and other resources.

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To learn more about how this delay impacts local families and what resources are available now, watch the full video report above. Have questions or a story idea? Reach out to me directly at Eric.Pointer@NewsChannel5.com.

This story was reported by Eric Pointer and has been converted to this platform with the assistance of AI. Eric Pointer and our editorial team verifies all reporting on all platforms for fairness and accuracy.

Middle Tenn. gardeners: How to handle early spring, dry weather

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It’s has been a dry spring for us. Nashville is over 6 inches below normal for rainfall for the year with Clarksville over a 9 inches deficit. Kim Rafferty went to a nursery to get a couple of tips that may be useful for you.

– Lelan Statom





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Tennessee lawmakers react after shooter opens fire during White House Correspondents’ Dinner

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Tennessee lawmakers react after shooter opens fire during White House Correspondents’ Dinner


NASHVILLE, Tenn. (WSMV) – President Donald Trump and other top leaders in the U.S. are unharmed after being evacuated from the White House Correspondents’ Dinner when a shooter opened fire at the hotel the event was being held.

The Associated Press reported that the incident happened outside the ballroom where the dinner was being held. The correspondents’ dinner was scrapped and will be rescheduled.

The FBI said the shooter is in custody.

During a press conference after the incident, President Trump said the suspect was armed with multiple weapons before being stopped.

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Trump unharmed after security incident at White House correspondents’ dinner

Trump responds after shooter opened fired at correspondents’ dinner

Some Tennessee lawmakers have shared their reactions to the on social media.

Gov. Bill Lee:

Congressman Andy Ogles, who was at the dinner, posted a video to X saying he and his other colleagues were safe.

Sen. Marsha Blackburn:

Sen. Bill Hagerty:

U.S. Rep. Matt Van Epps:

The AP reported that the FBI Washington field office is investigating the shooting.

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Copyright 2025 WSMV. All rights reserved.





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