Big Lots to Close Multiple Stores in 2024
Retailer Faces Uncertain Future Amid Market Challenges
Company Announces Plans to Shut Down 35-40 Locations
Discount retailer Big Lots has announced plans to close 35 to 40 stores this year, raising concerns about the company's financial stability.
In an SEC filing, Big Lots disclosed that it may face bankruptcy if it fails to improve its sales and profitability. The company attributed the closures to a decline in consumer spending and increased competition from online retailers.
Big Lots plans to open three new stores in 2024, but these openings will be dwarfed by the number of closures. The company's Ohio-based retail chain has been struggling in recent years and joins a growing list of retailers at risk of bankruptcy.
List of Big Lots Store Closures in Coming Months
The following Big Lots stores are scheduled to close in the coming months:
- Citrest Heights, Calif. ...
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