Big Lots is closing 35-40 stores nationwide. Are Mississippi stores closing?

Big Lots, a chain of discount retail stores, is slated to close 35-40 stores this year with bankruptcy looming. According to multiple media reports, representatives have cited “elevated inflation” and decreased consumer spending in the decision.

The chain joins others including Red Lobster , which declared bankruptcy earlier this year, Rite Aid , Bed Bath & Beyond and more in its struggle to stay afloat financially.

“In 2024, the U.S. economy has continued to face macroeconomic challenges, including elevated inflation, which has adversely impacted the buying power of our customers,” a financial disclosure from Big Lots states.

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Are there Big Lots stores closing in Mississippi?

Though there a dozen Big Lot locations in Mississippi , fans of the chain may be relieved to know that none are closing. In the Jackson area, there are two locations, one in Pearl and one in Clinton. Other locations are in D'iberville, Greenwood, Gulfport, Hattiesburg, Laurel, Ocean Springs, Pascagoula, Southaven, Tupelo and Vicksburg.

Big Lots in Mississippi

• Clinton
• Diberville
• Greenwood
• Gulfport
• Hattiesburg
• Laurel
• Ocean Springs
• Pascagoula
• Pearl
• Southaven
• Tupelo
• Vicksburg

Bankruptcy surge

According to the Asheville Citizen Times, June brought the highest level of bankruptcies since the COVID-19 pandemic in early 2020.

Recent reports underscore that inflation eased notably in May, with a key measure the Fed follows closely at 2.6%. That’s above the Fed’s 2% goal but the lowest since March 2021 and down from a peak of 5.6% in mid-2022.

Ross Reily is the business and development writer for the Clarion Ledger, part of the USA TODAY Network. He can be reached at rreily@gannett.com or 601-573-2952. You can follow him on the X platform, formerly known as Twitter @GreenOkra1.

This article originally appeared on Mississippi Clarion Ledger: Big Lots is closing 35-40 stores nationwide. Are Mississippi stores closing?