At the time of the filing, the company had 360 Bed Bath & Beyond stores and 120 buybuy BABY locations. To exit bankruptcy, Bed Bath & Beyond needed to find a buyer, or it would go out of business and cease to exist,

The Big Lots store located at the Machesney Town Center is one of 56 stores across 27 states that the retailer will shutter as part of its bankruptcy. The Ohio-based company filed for Chapter 11 bankruptcy protection in September and has since set 500 of its stores to close.