Big lots closing All Stores in 2025

Big Lots Announces Additional Store Closures Amid Financial Struggles

Big Lots, the national retailer known for its discount merchandise, has announced plans to close up to 315 locations across more than 30 states. This follows an earlier announcement in summer 2024 about plans to close 150 stores across 28 states. Despite the widespread closures, some states will not be affected.

Reasons for Closures:

• Economic Challenges: The company reported a $114.5 million loss from Q1 2023 to Q1 2024, reflecting a 10.2% decrease in net sales.
• Mounting Debt: Over the past year, Big Lots’ long-term debt increased by $72.2 million, bringing the total to $573.8 million.

What This Means for Shoppers:
Big Lots is directing customers to its clearance section online and in-store to take advantage of deals during the transition. You can check the full list of store closures to see if your local store is affected: Big Lots Clearance & Store Closures.

This development underscores the ongoing challenges faced by traditional retailers as they navigate economic pressures and shifting consumer habits.