Big Lots Set To Close Up To 40 Locations

Dozens of Big Lots® stores are preparing to close roughly a month after the company warned in a U.S. Securities & Exchange Commission (SEC) filing that between 35 and 40 locations could shutter this year.

In the SEC filing, company leaders noted inflation and difficulties in competing, saying they had “a substantial doubt” in their ability to continue.

“While we made substantial progress on improving our business operations in Q1, we missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items,” President and CEO Bruce Thorn said in a June statement.

Big Lots has not released a complete list of stores that will be closed but signs have already begun appearing at what is believed to be the affected locations. 

Many stores have banners on their web pages that read “closing this location” while alerting customers they could “save up to 20% off.”

Those expected to close in Louisiana include the Lafayette and Natchitoches locations.

Big Lots® currently has 1,389 locations across 48 states (only Alaska and Hawaii are without stores).