What in the dickens is happening to Big Lots? The discount retailer giant is shrinking by the day.
Earlier this month, Big Lots filed for Chapter 11 Bankruptcy protection, with a plan to close just over 300 locations.
They have just added 47 more to that list, bringing the closure total to above 350 stores.
Big Lots Closing 47 More Locations — Total Closures Now 350+
This isn’t just a geographical thing — it’s happening to Big Lots everywhere.
According to The Hill, these are the latest stores added to the Big Lots closure list:
- Arizona: Goodyear
- California: Alhambra, Arcadia, Bellflower, Inglewood, and La Verne
- Colorado: Wheat Ridge
- Florida: Delray Beach, Jacksonville Beach, and Pembroke Pines
- Georgia: Snellville
- Illinois: Country Club Hills
- Indiana: Indianapolis (6225 Allisonville Road) and Noblesville
- Iowa: Des Moines
- Kentucky: Hopkinsville
- Louisiana: Shreveport
- Massachusetts: Danvers
- Maryland: Hanover
- Michigan: Taylor
- New Jersey: Mays Landing
- New York: Binghamton and Troy
- North Carolina: Raleigh (Cypress Plantation Drive)
- Ohio: Aurora
- Oklahoma: Stillwater
- Oregon: Springfield
- Pennsylvania: Aston, Aliquippa, Monroeville, and Waynesburg
- South Carolina: North Charleston
- Tennessee: Covington
- Texas: Amarillo (Interstate 40)
- College Station
- Corpus Christi (Interstate Highway 69 Access Road,
- Fort Worth (5800 Overton Ridge Blvd and 1250 Green Oaks Rd)
- Katy
- Mansfield
- Nacogdoches
- Pearland
- Tomball, and
- San Antonio (Hollywood Park)
- Washington: Marysville and Spokane Valley
- Wisconsin: Eau Claire
When the dust settles, it will be a lot easier to figure out the exact number of Big Lots stores taking the dive — right now it all seems like a confusing, jumbled mess.
The CEO of Big Lots has issued a statement that offers some positivity:
“The majority of our store locations are profitable,” Bruce Thorn says.
Thorn says the company plans to “move forward with a more focused footprint to ensure that we operate efficiently and are best positioned to serve our customers.”
It makes sense whether you have a business degree or not, if you have a somewhat successful brand but have a few struggling locations, to shut those down before they pull the rest of the brand down.
Look for Big Lots to emerge from Chapter 11 Bankruptcy a little lighter in the loafers, as they slim down their location list and focus on the stores that are most profitable.
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