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The Ohio-based retailer announced earlier this summer that it would be closing ... sales dropped over 10% in the first quarter of this year compared to 2023, and long-term debt increased by $72.2 ...
The announcement comes weeks after Big Lots announced ... According to the original filing made by the company earlier this summer, sales dropped 10.2% between the first quarters of 2023 and 2024 ...
The company operates 1,389 locations according to its site as of Friday, which is down from 1,425 at the start of 2023. More than 20% of Big Lots across the country were listed as "closing soon."
In October 2023, CreditRiskMonitor reported that Big Lots was nearing a potential Chapter 11 bankruptcy filing. [20] The company closed 52 stores in 2023. In July 2024, Big Lots announced the closure of 35 to 40 underperforming locations nationwide, blaming inflation and high rising costs as part of the decision.
In 1997, Consolidated Stores Corporation bought out the remaining MacFrugals stores for $995 million (~$1.75 billion in 2023) in stock. [1] In 2002, Big Lots (formerly Consolidated Stores) converted them into the Big Lots brand. [2] in 2020, Pic ‘N’ Save was revived as a bargain store, as of 2023, it has two locations in United States
Big Lots' website lists 293 stores across the U.S. that will close as ... It also reported sales dropping by 10% in the first quarter of 2024 compared to Q1 of 2023 along with long-term debt ...
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