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The HD Post
List of 54 Big Lots stores closing in California with 20% off sale
4 days ago
Photo byThe HD Post
CALIFORNIA – A month after Big Lots released its Quarter 1 results reporting a net loss of $205.0 million, or $6.99 per share, the company website shows 54 stores closing in California with a 20% off sale.
Big Lots President and CEO Bruce Thorn attributes the loss to a continued pullback in consumer spending by core customers, particularly in high ticket discretionary items.
“As we move forward, we're taking aggressive actions to drive positive comp sales growth in the latter part of the year and into 2025, and to maintain year-over-year gross margin rate improvements, all driven by progress on our five key actions,” said Thorn.
54 Big Lots stores closing
There are 109 stores in California. Here are the stores listed as closing on the website, along with a 20% off sale:
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