Big Lots is closing up to 315 stores. Here's where. (2024)

MoneyWatch

By Kate Gibson

Edited By Anne Marie Lee

/ MoneyWatch

8/7: CBS Morning News

Big Lots plans to close as many as 315 stores nationwide, the embattled discount retailer disclosed in a regulatoryfiling.

In addition to the closures, Big Lots detailed updated loan terms that reduce the Columbus, Ohio-based retailer's credit limit and hike the line's interest rate, according to the document submitted to the Securities and Exchange Commission. An earlier agreement allowed for as many as 150 store closings.

The expanded retreat comes a month after Big Lots announced plans to open three stores and close 35 to 40 this year, adding that it expected further operating losses and citing "substantial doubt" about its ability to continue.

Big Lots declined to comment on specific store closures, but said in an email that the chain reviews its store footprint on an ongoing basis. "While the majority of our stores are profitable, we have made the difficult decision to close certain underperforming stores," a company spokesperson said.

The retailer planned to support its "hard-working associates impacted by a closure, including by accepting requests to transfer to another Big Lots location, if they choose," the spokesperson said. Workers unable to move to another store will be given severance, the spokesperson added.

Big Lots in June reported a net loss of $205 million in the quarter ending May 4, 2024, with its president and CEO Bruce Thorn stating at the time that the company's sales had taken a hit "due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items."

The retailer's sales fell 10% to $1 billion in its first quarter, according to Big Lots, which operates more than 1,389 stores in 48 states, according to its website.

The state of California is set to lose 75 of Big Lots' 109 stores, according to the company's website, while none of the 116 locations in Texas are shown as closing.

Here's a state-by-state rundown of stores slated to close:

Alabama

  • 1327 S. Brundidge St., Troy

Arizona

  • 1416 E Route 66, Flagstaff
  • 17510 N 75th Ave., Glendale
  • 3630 W. Baseline Rd., Laveen
  • 2840 E Main St., Ste 109, Mesa
  • 6839 E Main St., Mesa
  • 24760 N Lake Pleasant Pkwy., Peoria
  • 2020 N 75th Ave., Ste 40, Phoenix
  • 230 E. Bell Rd., Phoenix
  • 4727 East Bell Rd., Phoenix
  • 2330 W Bethany Home Rd., Phoenix
  • 4835 E Ray Rd., Phoenix
  • 1260 Gail Gardner Way, Prescott
  • 10220 N 90th St., Scottsdale
  • 940 E Baseline Rd., Tempe
  • 7025 E Tanque Verde Rd., Tucson
  • 4525 N Oracle Rd., Tucson
  • 3900 W Ina Rd., Tucson
  • 2520 S Harrison Rd., Tucson

Arkansas

  • 2999 N College Ave., Fayetteville

California

  • 1670 W Katella Ave., Anaheim
  • 6336 E Santa Ana Canyon Rd., Anaheim
  • 2240 El Camino Real, Atascadero
  • 1085 Bellevue Rd., Atwater
  • 1211 Olive Dr., Bakersfield
  • 2621 Fashion Pl., Bakersfield
  • 1482 E 2nd St., Beaumont
  • 353 Carmen Dr., Camarillo
  • 19331 Soledad Canyon Rd., Canyon Country
  • 1611 E Hatch Rd., Ste A Ceres
  • 1927 E 20th St., Chico
  • 12550 Central Ave., Chino
  • 2060 Monument Blvd., Concord
  • 740 N Main St., Corona
  • 5587 Sepulveda Blvd., Culver City
  • 912 County Line Rd., Delano
  • 1085 E Main St., El Cajon
  • 8539 Elk Grove Blvd., Elk Grove
  • 1500 Oliver Rd., Fairfield
  • 9500 Greenback Ln., Ste 22, Folsom
  • 17575 Foothill Blvd., Fontana
  • 1986 Freedom Blvd., Freedom
  • 3520 W. Shaw Ave., Fresno
  • 4895 E Kings Canyon Rd., Fresno
  • 7370 N Blackstone Ave., Fresno
  • 2900 W Rosecrans Ave., Gardena
  • 360 E 10th St., Gilroy
  • 1551 Sycamore Ave., Hercules
  • 42225 Jackson St., Ste B, Indio
  • 3003 W Manchester Blvd., Inglewood
  • 1020 W Imperial Hwy, La Habra
  • 6145 Lake Murray Blvd., La Mesa
  • 4484 Las Positas Rd., Livermore
  • 380 S Cherokee Ln., Lodi
  • 1009 N H St., Ste M, Lompoc
  • 2238 N Bellflower Blvd., Long Beach
  • 951 W Pacheco Blvd., Los Banos
  • 1321 West Yosemite Ave., Manteca
  • 665 Fairfield Dr., Merced
  • 111 Ranch Dr., Milpitas
  • 27142 La Paz Rd., Mission Viejo
  • 3900 Sisk Road, Modesto
  • 3615 Elkhorn Blvd., North Highlands
  • 1702 Oceanside Blvd., Oceanside
  • 4430 Ontario Mills Pkwy, Ontario
  • 1875 Oro Dam Blvd E., Oroville
  • 6646 Clark Rd., Paradise
  • 47 Fair Ln., Placerville
  • 30501 Avenida De Las Flores, Rancho Santa Margarita
  • 810 Tri City Ctr., Redlands
  • 2620 Canyon Springs Pkwy., Riverside
  • 565 Rohnert Park Expressway, Rohnert Park
  • 6630 Valley Hi Dr., Sacramento
  • 8700 La Riviera Dr., Sacramento
  • 370 Northridge Mall, Salinas
  • 499 W Orange Show Rd., San Bernardino
  • 3735 El Camino Real, Santa Clara
  • 1417 S Broadway, Santa Maria
  • 568 W Main St., Ste B, Santa Paula
  • 2055 Mendocino Ave., Santa Rosa
  • 1189 Simi Town Center Way, Simi Valley
  • 633 Sweetwater Rd., Spring Valley
  • 2720 Country Club Blvd., Stockton
  • 27411 Ynez Rd., Temecula
  • 955 Sepulveda Blvd., Torrance
  • 2681 N Tracy Blvd., Tracy
  • 1840 Countryside Dr., Turlock
  • 225 Orchard Plz., Ukiah
  • 818 Alamo Dr., Vacaville
  • 14790 La Paz Dr., Victorville
  • 2525 S Mooney Blvd., Visalia
  • 13241 Whittier Blvd., Whittier
  • 52 W Court St., Woodland
  • 1320 Franklin Rd., Yuba City
  • 56865 29 Palms Hwy., Yucca Valley

  • Colorado

  • 6626 South Parker Rd., Aurora
  • 1990 S Academy Blvd., Colorado Springs
  • 2975 New Center Point, Colorado Springs
  • 5085 N Academy Blvd., Colorado Springs
  • 2401 N Ave, Ste 19b, Grand Junction
  • 2628 11th Ave., Greeley
  • 8100 W Crestline Ave., Unit B5, Littleton
  • 2151 Main St., Longmont

  • Connecticut

  • 1470 Pleasant Valley Rd., Manchester
  • 56 Turnpike Sq., Milford
  • 3105 Berlin Tpke., Newington
  • 42 Town St., Ste 1200, Norwich
  • 1931 E Main St., Torrington
  • 650 Wolcott St., Waterbury
  • 40 Boston Post Rd., Waterford
  • 560 Windsor Ave., Windsor

  • Florida

  • 21697 State Rd., 7, Boca Raton
  • 25191 Chamber Of Commerce Dr., Bonita Springs
  • 901 N Congress Ave., Boynton Beach
  • 7381 52nd Pl. E, Bradenton
  • 328 E Sugarland Hwy., Clewiston
  • 4847 Coconut Creek Pkwy., Coconut Creek
  • 2400 W International Speedway, Daytona Beach
  • 34940 Emerald Coast Pkwy., Destin
  • 15271 Mcgregor Blvd., Fort Myers
  • 1761 E Hallandale Beach Blvd., Hallandale
  • 3921 Oakwood Blvd., Hollywood
  • 8265 W Flagler St., Miami
  • 5580 Nw 167th St., Miami Lakes
  • 2882 Tamiami Trail E, Naples
  • 700 Blanding Blvd., Ste 1, Orange Park
  • 11230 S Orange Blossom Trail, Orlando
  • 11672 E Colonial Dr., Orlando
  • 1801 S Semoran Blvd., Orlando
  • 7067 W Broward Blvd., Ste B, Plantation
  • 1440 NE 23rd St., Pompano Beach
  • 11854 US Highway 19, Port Richey
  • 511 N State Rd. 7, Royal Palm Beach
  • 3750 Bee Ridge Rd., Sarasota
  • 2236 Se Federal Hwy., Stuart
  • 12601 Citrus Plaza Dr., Tampa
  • 41306 US Hwy 19 N, Tarpon Springs

  • Illinois

  • 8148 S Cicero Ave., Burbank
  • 1699 River Oaks Dr., Calumet City
  • 1139 W Broadway, Centralia
  • 1608 N Larkin Ave., Crest Hill
  • 204 S. Randall Rd., Elgin
  • 10850 Lincoln Trl., Fairview Heights
  • 340 Summit Dr., Lockport
  • 7233 W Dempster St., Niles
  • 17w714 W 22nd St., Oakbrook Terrace

  • Indiana

    • 138 W Hively Ave., Elkhart
    • 3958 Illinois Rd., Fort Wayne
    • 8401 Michigan Rd., Indianapolis
    • 2136 E Markland Ave., Kokomo
    • 2806 Frontage Rd., Warsaw

    Kansas

  • 7533 State Ave., Kansas City
  • 2450 South 9th St., Salina
  • Kentucky

  • 1321 2nd St., Henderson
  • 1980 Pavilion Way, Lexington
  • 4025 Poplar Level Rd., Unit 102, Louisville
  • Louisiana

    • 3161 E Texas St., Bossier City
    • 2354 S Range Ave., Denham Springs
    • 3557 Ambassador Caffery Pkwy., Lafayette
    • 339 South Dr., Ste D, Natchitoches

    Maine

    • 1100 Brighton Ave., Portland

    Maryland

  • 4420 Mitchelville Rd., Bowie
  • 6623 Governor Ritchie Hwy., Glen Burnie
  • 3331 Corridor Marketplace, Laurel
  • 21800 N Shangri La Dr., Unit 20, Lexington Park
  • 11989 Reisterstown Rd. #a, Ste A, Reisterstown
  • Massachusetts

  • 41 Pond St., Ashland
  • 400 Main St., Dennis Port
  • 178 N King St., Northampton
  • 179 Highland Ave., Seekonk
  • 1150a Union Street Ext., West Springfield
  • Michigan

  • 750 Perry Ave., Big Rapids
  • 373 N Willowbrook Rd., Coldwater
  • 2353 N Park Dr., Holland
  • 3669 E. Grand River Ave., Howell
  • 4254 28th St. SE, Kentwood
  • 5625 W Saginaw Hwy., Unit 1, Lansing
  • 32399 John R Rd., Madison Heights
  • 2020 Grand River Ave., Okemos
  • 1401 Spring St., Petoskey
  • 6207 S Westnedge Ave., Portage
  • 2850 Washtenaw Ave., Ypsilanti

  • Minnesota

    • 2614 Bridge Ave., Albert Lea

    Missouri

  • 4201 S Noland Rd., Independence
  • 3225 Missouri Blvd., Jefferson City
  • 13637 Washington St., Kansas City
  • 1417 N Belt Hwy., Saint Joseph
  • 4433 Lemay Ferry Rd., Saint Louis
  • 4930 Christy Blvd., Ste 2, Saint Louis

  • Montana

  • 1200 10th Ave. S, Great Falls
  • 2930 Prospect Ave., Helena

  • New Hampshire

    • 216 Washington St., Claremont

    Nevada

    • 1601 W Craig Rd., N Las Vegas

    New Jersey

    • 471 Green St., Woodbridge

    New York

    • 2276 Delaware Ave., Buffalo
    • 698 S Ogden St., Buffalo
    • 4406 State Route 5 & 20, Ste 129, Canandaigua
    • 260 Voice Rd., Carle Place
    • 231 Centereach Mall, Centereach
    • 2309 N Triphammer Rd., Ithaca
    • 4645 Commercial Dr., New Hartford
    • 316 Cornelia St., Plattsburgh
    • 43 Burnett Blvd., Poughkeepsie
    • 751 Upper Glen St., Ste 2, Queensbury

    North Carolina

  • 8215 University City Blvd., Ste E, Charlotte
  • 9535 S Blvd., Ste C, Charlotte
  • 2000 Avondale Dr., Ste E, Durham
  • 3420 Southwest Durham Dr., Durham
  • 822 E Main St., Jefferson
  • 1515 Garner Station Blvd., Raleigh
  • 6540 Glenwood Ave., Raleigh

  • Ohio

  • 11372 Princeton Pike, Cincinnati
  • 9690 Colerain Ave., Cincinnati
  • 359 Miamisburg Centerville Rd., Dayton
  • 1520 N Clinton St., Defiance
  • 1170 Indiana Ave., Saint Marys
  • 410 E Perkins Ave., Sandusky
  • 4925 Jackman Rd., Ste 15, Toledo
  • 7779 Tylersville Rd., West Chester

  • Oregon

  • 2000 14th Ave. SE, Albany
  • 18565 SW Tualatin Valley Hwy., Beaverton
  • 1960 Echo Hollow Rd., Eugene
  • 304 NE Agness Ave., Grants Pass
  • 2083 NE Burnside Rd., Gresham
  • 2121 Newmark St., North Bend
  • 16074 SE Mcloughlin Blvd., Ste 8, Portland
  • 2025 Lancaster Dr. NE, Salem

  • Pennsylvania

  • 713 E Baltimore Ave., Clifton Heights
  • 2820 Gracy Center Way, Coraopolis
  • 201 West Lincoln Hwy, Exton
  • 345 Scarlet Rd., Ste 22, Kennett Square
  • 199 Franklin Mills Blvd., Philadelphia
  • 2980 Whiteford Rd., York

  • South Carolina

  • 1016 Pine Log Rd., Aiken
  • 1841 J A Cochran Byp., Ste A, Chester
  • 1937 Wilson Rd., Newberry

    South Dakota

  • 1617 Eglin St., Rapid City

  • Tennessee

  • 209 S Royal Oaks Blvd., Ste 206, Franklin
  • 2301 Gallatin Pike N, Madison
  • 1410 S 1st St., Union City

  • Utah

  • 702 E State Rd., American Fork
  • 1030 North Main St., Layton
  • 1617 North Main St., Logan
  • 5516 South 900 E, Murray

  • Vermont

  • 1400 Us Route 302, Berlin
  • 303 Us Route 4 E., Rutland

  • Virginia

  • 590 Branchlands Blvd., Charlottesville
  • 736 Warrenton Rd., Unit 102, Fredericksburg
  • 2110 Wards Rd., Lynchburg
  • 7743 Sudley Rd., Manassas,
  • 5900 E. Virginia Beach Blvd, Norfolk
  • 8533 Midlothian Tpke., North Chesterfield
  • 1650 General Booth Blvd., Ste 200, Virginia Beach
  • 14603 Telegraph Rd., Woodbridge

  • Washington

  • 1650 Birchwood Ave., Bellingham
  • 14907 4th Ave. SW, Burien
  • 17307 SE 272nd St., Covington
  • 6727 Evergreen Way, Everett
  • 1301 W Meeker St., Kent
  • 1515 Marvin Rd. NE, Lacey
  • 5401 100th St. SW, Ste. 102, Lakewood
  • 5710 196th St. SW, Lynnwood
  • 2815 Capital Mall Dr. SW, Olympia
  • 1940 E 1st St., Port Angeles
  • 3399 Bethel Rd. SE, Port Orchard
  • 120 31st Ave. SE, Puyallup
  • 14215 SE Petrovitsky Rd., Renton
  • 1743 George Washington Way, Richland
  • 9612 N Newport Highway, Spokane
  • 1414 72nd St., Tacoma
  • 2100b SE 164th Ave., Ste E, Vancouver
  • 151 Easy Way, Wenatchee

  • Wisconsin

  • 616 W Johnson St., Fond Du Lac
  • 3960 Mormon Coulee Rd., La Crosse
  • N78w14511 Appleton Ave., Menomonee Falls
  • 5415 Washington Ave., Mount Pleasant
  • 699 S Green Bay Rd., Neenah
  • 3426 Kohler Memorial Dr., Sheboygan
  • 1690 S Main St., West Bend

  • Wyoming

    • 3501 E Lincolnway, Cheyenne

    Kate Gibson

    Kate Gibson is a reporter for CBS MoneyWatch in New York, where she covers business and consumer finance.

    Big Lots is closing up to 315 stores. Here's where. (2024)

    FAQs

    Is Big Lots in financial trouble? ›

    Big Lots remains in a precarious financial position as it is still making huge losses and is burning through cash.” Still, the company's ability to deliver on its turnaround initiatives will likely determine its future, Neil Saunders, managing director of GlobalData, said in emailed comments to Retail Dive.

    How many Big Lots are left in the US? ›

    Big Lots currently has 1,389 locations across 48 states (only Alaska and Hawaii are without stores).

    Is Big Lots going out of business in Texas? ›

    The state of California is set to lose 75 of Big Lots' 109 stores, according to the company's website, while none of the 116 locations in Texas are shown as closing.

    Who owns Big Lots? ›

    Big Lots (BIG) Ownership Overview

    The ownership structure of Big Lots (BIG) stock is a mix of institutional, retail and individual investors. Approximately 38.60% of the company's stock is owned by Institutional Investors, 26.22% is owned by Insiders and 35.17% is owned by Public Companies and Individual Investors.

    Is Big Lots going out of business in 2024 in the USA? ›

    Big Lots is closing stores in 2024, joins growing list of retailers at risk of bankruptcy. The Ohio-based retail chain said in an SEC filing that it may not be able to continue as a company in the wake of substantial losses and debt.

    Is Big Lots going to survive? ›

    Discount retail chain Big Lots will be shutting down over 50 stores in California, including 15 in Southern California. The closures come after the retailer reported a net loss of $205 million in the quarter ending May 4, 2024.

    Where does Big Lots get its merchandise? ›

    “A large percentage of Big Lots' inventory comes from after-season overstock and discontinued products from retailers and manufacturers,” explains Brent Shelton, of deals website FatWallet. Take a look at what to expect -- and how to save even more -- on your first or next visit to Big Lots.

    Does Walmart own Big Lots? ›

    Who owns big lots stores? Consolidated International, Inc. In 1967, Sol Shenk founded Consolidated International, Inc. - the company that is now Big Lots.

    What store did Big Lots buyout? ›

    Shortly afterward, Melville purchased Revco and folded it into the CVS Pharmacy chain on its way to becoming CVS Health, making the "Odd Lots" dispute moot. In 1998, Big Lots Inc. bought out 'MacFrugals' (Pic 'N' Save) stores for $995 million in stock, converting them to the Big Lots brand.

    Why are Big Lots going out of business? ›

    We missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items,” Big Lots President Bruce Thorn said in a statement. “We remain focused on managing through the current economic cycle by controlling the controllables.”

    Who is Big Lots biggest competitor? ›

    Big Lots's competitors
    • Big Lots.
    • Dollar General.
    • Target.
    • Walmart.
    • Costco.
    • Burlington Stores.

    Why did Big Lots change their name? ›

    In 2001 our array of store names and company identity were converted to a single national brand: Big Lots. For our customers, a common national brand represents consistency and buying power. And for our 35,000 associates, the Big Lots name reinforces a shared company culture from coast to coast.

    How much debt does Big Lots have? ›

    According to Big Lots 's latest financial reports the company's total debt is $2.37 B.

    Did Big Lots buy Broyhill furniture? ›

    COLUMBUS, Ohio — Top 100 discount retailer Big Lots has acquired the rights to the Broyhill name and its related trademarks after being the runner-up bidder on Broyhill and other assets of the bankrupt Heritage Home Group this past fall.

    Why is big lot stock down? ›

    Big Lots Inc.'s stock slid 21% Thursday, after the discount-home-essentials retailer posted a wider-than-expected fiscal first-quarter loss as consumers remained stressed and avoided big-ticket items.

    What is the future of Big Lots? ›

    Big Lots also expects to open three stores, according to the filing. During the first quarter of 2024, the company reported $1 billion in sales, a 10.2% decrease compared to the same period last year.

    What is the outlook for Big Lots? ›

    BIG Stock 12 Month Forecast

    Based on 4 Wall Street analysts offering 12 month price targets for Big Lots in the last 3 months. The average price target is $1.50 with a high forecast of $2.00 and a low forecast of $1.00. The average price target represents a 56.01% change from the last price of $0.96.

    Why is Big Lots stock going down? ›

    The company's losses in recent quarters — including $205 million in the first quarter — and its use of hundreds of millions of dollars of cash since 2022 to fund operations are among the reasons it said “substantial doubt” has been raised about its ability to continue operations.

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