Big Lots!Photo byShutterstock

Author’s Note

This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: Big Lots!, ScrapeHero.com and The-Sun.com.

Introduction

Last month, the struggling Big Lots! company reported it may not have the cash necessary to survive much longer, as its ongoing liquidity issues have provoked what some industry analysts called an "irreversible" situation.

Today, it has been announced a longstanding New York location is permanently closing.

For perspective, per ScrapeHero.com's most recently updated store location count: There are 1,392 Big Lots stores in the United States as of April 23, 2024. The state and territory with the most number of Big Lots locations in the US is Texas, with 116 stores, which is about 8% of all Big Lots stores in the US.

Let us explore.

Big Lots!, 2024

As I had previously reported, Big Lots! CEO Bruce Thorn blamed the economy for the company's 10.2% drop in sales to $1.009 billion in the fiscal first quarter and loss of $132.3 million. For his part, however, Thorn pledged to continue efforts to improve the company's liquidity and keep the company open.

Despite the effort, based on the current The-Sun.com report, the New York location is the latest among dozens to imminently close.

According to a July 22 report from The-Sun.com, the closing New York store is part of a retail plaza anchored by a Walmart.

From the The-Sun.com report: The Big Lots store in Centereach, New York, is facing closure, as indicated by the prominent signs recently spotted at the location.

A phone call to the company has since confirmed the closure, though no closing date has yet been publicly announced. The store's address is 231 Centereach Mall, Centereach, NY 11720.

Conclusion

This is a developing story. In the event of pertinent updates to matters discussed herein, inclusive of the store's specific closing date, I will share them here on NewsBreak.

Thank you for reading.