Is Big Lots closing? What to know as company announces 'going out of business' sales

Business and Finance Business and Finance

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Is Big Lots closing? What to know as company announces 'going out of business' sales

^{Published on 2024-12-19 17:20:50 - Yahoo Finance}

Ohio-based Big Lots announced it would close the remainder of it stores and will hold 'going out of business' sales.

Big Lots, a discount retail chain, has announced the closure of several stores across the United States as part of a strategic review to optimize its store portfolio. The closures are aimed at focusing on more profitable locations and improving overall financial performance. The company has not disclosed the exact number of stores closing but confirmed that employees at these locations will be offered positions at other Big Lots stores where possible. This move comes amidst broader retail industry challenges, including shifts in consumer behavior, increased competition from online retailers, and economic pressures. Big Lots is also exploring new store formats and enhancing its omnichannel presence to adapt to changing market dynamics.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/big-lots-closing-know-company-220542001.html ]

N@N

Is Big Lots closing? What to know as company announces 'going out of business' sales