Oct. 16, 2024

Big Lots Closing Store In Duluth

Big Lots Closing Store In Duluth

https://www.spreaker.com/podcast/good-morning-gwinnett-podcast--3262933/support

Big Lots, a retail chain, is closing approximately 344 stores nationwide due to declining sales and a challenging consumer environment. The closures are part of a larger...

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Big Lots, a retail chain, is closing approximately 344 stores nationwide due to declining sales and a challenging consumer environment. The closures are part of a larger trend of store closures in the retail sector, reflecting the impact of economic factors on consumer spending. Despite experiencing a significant decrease in sales, Big Lots will continue operating until its sale to Nexus Capital Management is finalized. This sale, valued at $760 million, marks a significant shift in the company's ownership structure.