Big Lots plans to close up to 40 stores this year and at least 11 Florida stores made the list of store closures, according to the store's website.
The announcement, made in a filing to the U.S. Securities and Exchange Commission , said the discount retailer would be shutting 35 to 40 stores as its financials worsen in a tough consumer market.
Amid the 2024 closings, Big Lots said it plans to open three stores during the year.
This comes during a year when Walgreens closed locations , Walmart closed all 51 of its health centers, restaurant chains like Red Lobster , Tijuana Flats , TGI Fridays and Hooters announced closings and retail outlets such as rue21 . Express , Best Buy , Macy's , Dollar Tree and Family Dollar all announced bankruptcies or location reductions.
Which Florida Big Lots stores will be closing?
According to Big Lots' website , 11 Florida stores will be closing, nearly a third of the total being shuttered.
- Boca Raton , 21697 State Road 7
- Bonita Springs , 25191 Chamber Of Commerce Drive
- Clewiston , 328 E Sugarland Highway
- Coconut Creek , 4847 Coconut Creek Parkway
- Destin , 34940 Emerald Coast Parkway
- Hallandale , 1761 E Hallandale Beach Blvd
- Hollywood , 3921 Oakwood Blvd
- Miami Lakes , 5580 Nw 167th St
- Orange Park , 700 Blanding Blvd
- Orlando , 11230 S Orange Blossom Trail
- Pompano Beach , 1440 Ne 23rd St
Big Lots to close 35 to 40 stores
Big Lots said it planned to close 35 to 40 stores this year and open three. At the start of 2024, there were 1,392 stores, down slightly from 1,425 in the first quarter of 2023.
Why is Big Lots closing stores?
“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,” the filing from Big Lots said.
According to the financial disclosure, sales dropped 10.2% between the first quarters of 2023 and 2024, equating to a loss of about $114.5 million.
The company also said it had "substantial doubt" about the ability of the company to continue operation, leading to speculation of a potential bankruptcy filing.
How many Big Lots are there in Florida?
There are 106 Big Lots stores in Florida .
Florida cities with the most Big Lots stores include:
- Orlando: 5
- Miami: 4
- St. Petersburg: 3
- Ocala: 3
- Tampa: 3
- Sarasota: 2
- Lakeland: 2
- Pensacola: 2
- Fort Myers: 3
- Jacksonville: 3
- Bradenton: 2
- Clearwater: 2
States with more than 100 Big Lots include:
- Texas: 116
- California: 109
- Florida: 106
- Ohio: 102
This article originally appeared on Treasure Coast Newspapers: Are Big Lots closing near me? These 11 Florida locations have announced closing sales
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