Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • Tallahassee Democrat

    Big Lots are closing around the country. Is Tallahassee's on the list?

    By Tallahassee Democrat,

    7 hours ago

    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 shuttering 35 to 40 stores as its financials worsen in a tough consumer market.

    Amid the 2024 closings, however, 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 closed.

    So far, the Tallahassee location in the Lafayette Place shopping center on Mahan Drive is not on the list.

    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?

    https://img.particlenews.com/image.php?url=3GMhfr_0uaewlHG00

    “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

    What states have the most Big Lots stores ? See where Florida ranks

    States with more than 100 Big Lots include:

    • Texas: 116
    • California: 109
    • Florida: 106
    • Ohio: 102

    Cheryl McCloud of the USA TODAY Network-Florida wrote the original version of this story.

    This article originally appeared on Tallahassee Democrat: Big Lots are closing around the country. Is Tallahassee's on the list?

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Local Florida State newsLocal Florida State
    Most Popular newsMost Popular
    Total Apex Sports & Entertainment27 days ago

    Comments / 0