Company Plans To Close Between 35 And 40 Stores

Big Lots Announces Store Closures Amidst Bankruptcy Concerns

Company plans to close between 35 and 40 stores

Affected stores located in various states

Big Lots, a discount retailer headquartered in Ohio, has announced plans to close between 35 and 40 stores this year. The company's decision comes amid concerns about its financial stability and the possibility of bankruptcy.

The store closures will impact locations in various states, with the company stating that it will prioritize closing underperforming stores. Despite the closures, Big Lots plans to open three new stores in the remainder of the year.

The closures are part of Big Lots' strategy to improve its financial performance. The company has been struggling with declining revenue and has reported a drop in net sales. Big Lots has also faced competition from other discount retailers and the rise of online shopping.

The announcement of the store closures has raised concerns about the company's future. Big Lots has been listed as one of several retailers at risk of bankruptcy. The company's financial situation is being closely monitored by industry analysts and investors.

Despite the challenges, Big Lots remains committed to its business and its customers. The company is exploring various options to improve its financial performance and long-term viability.