Big Lots closing 3 Connecticut locations

NEW HAVEN, Conn. (WTNH) — Big Lots is preparing to close as many as 40 stores by the end of 2024, including three in Connecticut.

According to the retailer’s website , the locations on Pleasant Valley Road in Mancheser,
Turnpike Square in Milford and Boston Post Road in Waterford are set to close.

The closings come as the discount retailer’s sales dropped 10.2% between the first quarters of 2023 and 2024, equating to a loss of about $114 million.

President and CEO of Big Lots Bruce Thorn said in a 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. 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.”

Big Lots has 1,400 stores throughout the country, including more than a dozen in Connecticut.

The exact closing dates for the Connecticut locations are unknown.

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