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A sign is posted in front of a Big Lots retail store on August 28, 2020 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)
The company disclosed in the filing that it had upped the number of permitted store closings to a maximum of 315 as part of late July amendments to a credit agreement and term loan facility.
According to documents filed with the Securities and Exchange Commission, Big Lots, as part of a revised credit agreement, will close 315 stores, marking an increase from its previous plans of 150.
Big Lots plans on closing up to 40 locations by the end of 2024. It its filing, Big Lots pointed to declining revenue due to a drop in net sales, along with prolonged sales slides across Big Lots ...
9500 Greenback Lane, Folsom. 52 W Court St., Woodland. 47 Fair Lane, Placerville. 818 Alamo Drive, Vacaville. 380 S Cherokee Lane, Lodi (new addition) It’s unclear when the locations will ...
Total assets. US$1.41 billion (2021) Number of employees. 22,900 [ 3] (2018) Subsidiaries. LW Stores (defunct) Website. biglots .com. Big Lots Stores, Inc. (stylized as Big Lots!) is an American discount retail chain headquartered in Columbus, Ohio, United States.
Big Lots also lost money through declining sales of consumables, food and seasonal items. Damon C. Williams is a Philadelphia-based journalist reporting on trending topics across the Mid-Atlantic ...
Ohio-based Big Lots operates more than 1,300 stores across 48 U.S. states, according to a June earnings press release. Last month, Big Lots reported a net loss of $205 million for the first ...
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