Each location that is closing has a 20% off banner on its respective store web page.
Big Lots said in an updated ecurities and Exchange Commission filing that it will close no more than 315 locations nationwide. Big Lots is facing an existential crisis amid plunging sales.
Net sales decreased $114.5 million in the first quarter of 2024, or 10.2%, compared to the same time last year.The retailer also has an increasing long-term debt load, which jumped $72.2 million, from $501.6 million in the first quarter of 2023 to $573.8 million in the first quarter of 2024., blamed the company’s failure to meet its sales goals on “continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items.
The Columbus, Ohio-based company operates more than 1,300 stores in 48 states, as well as an e-commerce store.Grandmother shot and killed in her Prichard home, authorities sayUpdate: Mobile Police investigate shooting on Grelot Road Sunday morningWall Street opens higher as some calm returns after the market’s worse loss in almost 2 years
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