Big Lots is in the process of closing roughly 300 of its 1,400 stores across the United States, and the company said more store closures could be coming.
“Though the majority of our store locations are profitable, we intend to move forward with a more focused footprint to ensure that we operate efficiently and are best positioned to serve our customers,” said Big Lots CEO Bruce Thorn. “To accomplish this, we intend to use the tools afforded by this process to continue optimizing our store fleet in an orderly manner.”
Big Lots joins a growing list of well-known retailers hitting financial turbulence as customers cut back spending on non-essential items.
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