Big Lots Closing Dozens Of Stores; GA Could Lose Locations

Big Lots Closing Dozens Of Stores; GA Could Lose Locations

Big Lots Closing Dozens Of Stores; GA Could Lose Locations - Across Georgia, GA - Discount retailer Big Lots is shuttering many stores and is indicating it might go out of business. Here's what to know in Georgia.

Big Lots closing dozens of stores, putting survival in question

Discount retailer Big Lots expects to close "35 to 40" stores by the end of the year, according to a U.S. Securities & Exchange Commission (SEC) filing last month.In the 280-page filing, the company noted "substantial doubt about the Company's ability to continue" due to shoppers pulling back on spending due to inflation.Ohio-based Big Lots operates more than 1,300 stores across 48 U.S. states, according to a June earnings press release. Last mo…

Big Lots plans dozens of store closures this year

The retailer said it currently expects to open three stores and close 35 to 40 stores this year.

Big Lots closing up to 40 stores, may declare bankruptcy

Discount retail chain Big Lots said it will close up to 40 stores this year and may declare bankruptcy. The Columbus, Ohio-based company wrote in a quarterly Securities and Exchange Commission filing it expected further operating losses and has “substantial doubt” it can continue as a functioning business. Big Lots last month reported a net loss of $205 million in the quarter ending May 4, 2024. At the time, president and CEO Bruce Thorn said th…

Big Lots to close 35-40 locations as company expresses doubt about finances

Big Lots plans to close about three dozen locations as it considers over 200 of its stores "underperforming."

Big Lots to close more than 30 stores this year and may file for bankruptcy, report says

STATEN ISLAND, N.Y. -- Discount retailer Big Lots is closing stores and might soon file for bankruptcy, according to a recent report. The company has cited inflation and decreases in consumer spending as reasons for the impending closures, which are slated for this year.