Shopping
Big Lots is closing stores; here’s where near you
Are 99 Cents Only stores coming back?
Dollar Tree announced that the company has acquired the leasing rights for 170 of the closed locations of the recently shuttered 99 Cents Only stores.
Fox – LA
Big-box retailer Big Lots recently announced the closure of dozens of locations by the end of the year, and a location in Pennsylvania is among those marked for closure.
Is Big Lots closing New Jersey stores?
There are 27 Big Lots locations in New Jersey. None of them appear to be slated for closure as of now.
There are some stores closing in New York, however.
Big Lots location closing in New York
There are 64 Big Lots stores in New York state, according to the location finder on Big Lots website,
Of them, three are set to close before the end of the year.
They include: Carle Place, Centereach, and Queensbury.
All three of those stores’ online listings has a web banner announcing the closure and a 20% off sale on remaining stock.
The other 61 locations do not appear to be closing.
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Why is Big Lots closing?
Big Lots announced in its filing with the Securities and Exchange Commission plans to open three new stores while closing up to 40 locations before the end of the year.
It its filing, Big Lots pointed to declining revenue due to a drop in net sales, along with prolonged sales slides across Big Lots’ home furnishings division.
Big Lots also lost money through declining sales of consumables, food and seasonal items.
its filing, Big Lots pointed to declining revenue due to a drop in net sales, along with prolonged sales slides across Big Lots’ home furnishings division.
The pullback in consumer spending amidst inflation hit hard in the first three months of 2024 and shadows expectations for the year.
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