Big Lots to Close Up to 40 Stores Amid Declining Sales
Big Lots is closing stores! Here’s the scoop!
Big Lots just released some bad news. According to a SEC filing, the company is closing 35 to 40 of its almost 1,400 stores. It seems inflation and a challenging economy have led to declining sales.
The company’s financials are cause for concern. The SEC filing indicates an ongoing apprehension about whether Big Lots can continue to operate. Even so, the company does plan to open three stores.
Big Lots is just one of several companies hurting in this economy. It joins a list of others, a few of which we have recently reported on, including Red Lobster and Bed Bath & Beyond.
So far, there is no word on which Big Lots locations will be closing, but we will keep our eyes peeled for more information to be released!
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I used to shop at big lots somewhat regularly but hardly go there now as the prices have gone up. We used to enjoy looking for bargains there, but I can get the same items now at Walmart or target. I’ve been afraid they might have to close some stores.