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  • Times of San Diego

    Three Big Lots Stores to Shutter in San Diego County as Part of Nationwide Closures

    By Brooke Binkowski,

    4 days ago
    https://img.particlenews.com/image.php?url=2YZakG_0ub6zEpQ00
    A Big Lots store in San Diego County.

    Three San Diego County Big Lots stores will be closing, as dozens of the retailer’s stores are shuttering nationwide.

    According to the Big Lots website, sales are being offered ahead of closures at the following locations:

    — El Cajon, 1085 E. Main St.;

    — La Mesa, 6145 Lake Murray Blvd.;

    and,

    — Oceanside, 1702 Oceanside Blvd.

    Big Lots’ website does not provide an exact date for when the stores are expected to be closed.

    In a quarterly report submitted to the U.S. Securities and Exchange Commission, Big Lots said it net sales decreased by about $114 million this year from last year, and the company expects to close 35 to 40 stores.

    However, it added that it also plans to open three stores.

    Big Lots acknowledged the sales decrease in an early June statement.

    “While we made substantial progress on improving our business operations in Q1, we missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items,” Big Lots president and chief executive officer Bruce Thorn said at the time.

    “We remain focused on managing through the current economic cycle by controlling the controllables.”

    The retailer currently operates 109 stores in California. Other locations in the county include Escondido, National City and Spring Valley.

    City News Service contributed to this report.

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