Big Lots to Close Nearly 300 Stores Nationwide Amid Financial Struggles
The discount retailer faces potential bankruptcy as it shutters stores in multiple states, including Oregon and Michigan.
- Big Lots is closing nearly 300 stores across the U.S., significantly more than the previously announced 35-40 closures.
- The company cited ongoing macroeconomic challenges and elevated inflation as key reasons for the closures.
- Eight stores in Oregon and ten in Michigan are among those being shut down.
- Big Lots has reported consecutive net losses in 2022, 2023, and early 2024, raising doubts about its future operations.
- The company is implementing cost-reduction strategies and efforts to improve sales and liquidity.
The Oregonian 
