Big Lots to Close 35-40 Stores, Including Potential California Locations
Financial Struggles and Network Changes Drive Closure Decision
Discount retailer Big Lots is reportedly considering bankruptcy and has announced plans to close 35 to 40 stores in 2023. This news comes as the company faces financial challenges and looks to optimize its store network. Big Lots operates 109 locations in California, raising concerns about potential closures within the state.
Company Financial Losses and Store Closures
A recent financial filing revealed that Big Lots has experienced significant sales losses in recent months. The company plans to close between 35 and 40 stores this year, while opening only three new locations.
Impact on California Locations
As of now, it remains unclear which California Big Lots stores will be affected by the closures. However, the company's financial struggles and plans to optimize its network suggest that some of the state's 109 locations may be on the chopping block.
Conclusion
The news of Big Lots' store closures raises questions about the future of the company's operations in California. With the discount retailer facing financial difficulties and considering bankruptcy, it is likely that some of the state's Big Lots locations will be forced to shut down. Residents of California should monitor the situation closely to determine if their local Big Lots store is impacted by the closures.
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