Nexstar Media Wire News

List: Roughly 300 Big Lots stores set to close in 34 states

(NEXSTAR) — Roughly 300 additional Big Lots stores are set to be closed as speculation that the company could file for bankruptcy looms.

In early July, Big Lots warned in a U.S. Securities & Exchange Commission (SEC) filing that between 35 and 40 locations could shutter this year. In a new SEC filing, submitted on July 31, Big Lots said the total number of closures could reach 315, much higher than the originally agreed number of 150.

Company leaders have pointed to inflation and difficulties in competing, saying they had “a substantial doubt” in their ability to continue. Between the first quarters of 2023 and 2024, Big Lots had reported that sales dropped more than 10%.

Big Lots has not released a complete list of stores that will be closed but signs have already started to appear at affected locations. As of Wednesday, roughly 300 have banners on their web pages that read “closing this location” while alerting customers they could “save up to 20% off.”

Below is a list of Big Lots stores by state that have “closing this location” alerts on their web pages. Italicized cities were part of the previous list of closures from July.

Arkansas, Kentucky, Maine, Nevada, New Hampshire, New Jersey, Tennessee, and Wyoming did not previously have any closing stores. There were initially no Ohio locations set to close, either, but Nexstar’s WCMH found eight Big Lots stores within the state are now on that list.

Based on their individual web pages, none of the Big Lots stores in Delaware, Idaho, Iowa, Mississippi, Nebraska, New Mexico, North Dakota, Oklahoma, Rhode Island, Texas, or West Virginia are set to close.

Big Lots has not said when these stores will close, and a representative did not immediately respond to Nexstar’s request for comment. It’s also unclear why Big Lots had selected these specific stores for closure.

Big Lots currently has 1,389 locations across 48 states (only Alaska and Hawaii are without stores). Should it close the requested 315 stores, Big Lots would lose nearly 23% of its retail locations. The company, based in Columbus, Ohio, began in 1967, but it wasn’t until 2001 that all of its store names switched to Big Lots.