By Big Lots store closures announces potential of over 300 stores nationwide, according to recent filing.
Big Lots store closures announces potential of over 300 stores nationwide.
There are Big box discount store Big Lots store closures announced that it may close up to 315 stores due to securities and Exchange Commission filing. The reason was the filing made Wednesday outlined updated loan terms for the beleaguered retailer that was lowered the store’s credit limit and raised the line’s interest rate in addition to the closing. there are original agreement allowed for up to 150 store closings.
The Big Lots store said in early July Month that it would closed 35 to 40 stores by the end of the year in 2024 from separate SEC filing. In this year, the U.S. economy has continued to face macroeconomic challenges including elevated inflation, which has adversely impacted the buying power of our customers,” Big Lots Store said in the filing. The company reported that sales in the first quarter of 2024, which ended in May, There are down more than 10% compared to the last year.
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What Big Lots stores are closing?
These are Big Lots marked some stores as closing on the affected location’s info page. The company did not show a list of stores it intended to Big Lots store closures in future.
As Per the Columbus Dispatch — That the Columbus based retailer had listed 293 locations as “closing soon” as of Friday.
While the majority of our stores are profitable, we have decided to Big Lots store closures certain underperforming stores. We have made the difficult decision to close certain underperforming stores. In the california is to see the most of stores closed, with 75 out of 109 stores in the state to be shuttered as of Monday, according to retail industry news site chain store age.The store locator lists 1,389 locations currently in operation.
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