This Fresno Big Lots store is closing

CONNECTICUT ( WTNH ) — A Fresno Big Lots location is one of the stores expected to close this year, according to a U.S. Securities & Exchange Commission (SEC) filing from the company last month.

Company leaders say inflation and their inability to compete under economic pressures have led to substantial doubt in their ability to continue.

In Fresno, the Big Lots store affected by the closure is located at the Northgate Shopping Center at 7370 N. Blackstone Ave., according to the store’s website. They are open from 9 a.m. to 9 p.m.

This and the other two Fresno locations are part of the nearly 1,400 stores the company has throughout the country.

Although store closures are expected, Big Lots expects to open three stores as well, according to the filing.

During the first quarter of 2024, the company reported $1 billion in sales, a 10.2% decrease compared to the same period last year.

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

President and CEO of Big Lots Bruce Thorn said in June.

The exact date of closure for this store is unknown.

For the latest news, weather, sports, and streaming video, head to YourCentralValley.com | KSEE24 and CBS47.