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Popular Discount Retail Chain Closing Multiple Stores Across California
By Logan DeLoye,
2024-08-07
Big Lots is shuttering "hundreds" of stores across America amid financial struggles, including a handful of locations in California , in an effort to avoid bankruptcy.
75 Big Lots stores across California are slated to close in the near future, per the popular discount home goods chain's website .
At least 35 to 40 of the chain's 1,389 stores are currently in the process of closing following a $114.5 million sales decrease from 2023 to 2024, and an 84% decrease in stock over the course of a year.
Many of the locations that plan to close their doors are currently running 20% off discount sales as the shuttering process proceeds. Stores in 36 states have officially begun to advertise their closures, with the heaviest hit being California, loosing a whopping 75 stores. On the other hand, some larger states, including Texas, do not plan to shutter any stores as the big box chain sorts out its finances.
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