Reported 2 months ago
Big Lots announced it will shut down more than 300 stores across the U.S., constituting about a quarter of its locations, following significant financial losses and decreased consumer spending. The retailer's recent earnings report revealed a 10% drop in sales and a quarterly loss of $205 million, prompting the company to reassess its operations and close underperforming stores. Big Lots aims to stabilize its finances and refocus on providing value to its customers.
Source: YAHOO