After nearly a month of waiting, hundreds of employees at Big Lots’ distribution center in Montgomery officially learned they will lose their jobs in the company’s sale to a private equity firm.

The company that bought Big Lots is planning to close hundreds of the chain's stores, including eight in Alabama. Here's what we know so far.

As Big Lots' bankruptcy process continues, more than 460 locations are likely closing because their leases are on list of those for sale.