Big Lots says the goods are being sold at 50-70% off the original retail price.

Big Lots Inc. is already preparing for Halloween.

The Ohio-based discount chain says it has acquired overstock from a “well-known” national party supply retailer, originally valued at $11 million. The deal includes hundreds of new Halloween items, including indoor and outdoor decorations, costumes for adults, children and pets, pumpkin carving kits, tableware, candy, clothing and more.

The acquisition of goods comes as Big Lots, which operates about 1,390 stores nationwide, plans to reduce the number of its stores. In a document filed with the Securities and Exchange Commission in August, the retailer said that could close up to 315 stores under modified credit and loan terms. Big Lots had previously stated in a June SEC filing that it plans to close 35 to 40 stores in 2024. In the same filing, it also warned of Survivability as a “continuing operation”.

Big Lots said the purchased merchandise will be sold at 50 to 70 percent below the original retail price. The discounted items will be available in-store for a limited time starting in mid-August, with assortment varying by store.