‘Big Lots’ is Latest Retailer to Close Stores

MIDDLESEX COUNTY — Everybody loves a bargain.

Apparently, bargain-shoppers aren’t keeping some Big Lots stores busy enough. The Ohio-based discount retail chain says it plans to close at least 40 of its 1,392 nationwide stores.

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Among the Big Lots stores in New Jersey are popular ones in East Brunswick, South Plainfield and Woodbridge.
The fate of those stores remains in question. Big Lots did not identify which stores it would close or when that might happen.

Big Lots filed a troubling report with the federal Securities and Exchange Commission saying there is a “significant likelihood” the discount home goods retailer will not be able to meet the terms of a credit agreement.
Big Lots reported a net loss of $205 million in June for the first quarter of fiscal 2024.

"We missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly on high ticket discretionary items,” said Big Lots CEO Bruce Thorn in a prepared statement.

The discount retailer closed 52 of its stores in 2023. According to its website, Big Lots still employs 35,000 people nationwide, and maintains a healthy online shopping website .

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MIDDLESEX COUNTY 'BIG LOTS' STORES:
● 275 Route 18 in East Brunswick
● 686 Oak Tree Avenue, in South Plainfield
● 471 Green Street in Woodbridge

According to its website, Big Lots has 24 other New Jersey locations. See the complete list here.

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