Big Lots to Shut Down Nearly 1,000 Stores Amid Economic Challenges

Big Lots to Close Over 900 Stores: What This Means for Shoppers

Charlotte, N.C. — It’s not the news that bargain hunters wanted to hear! Nearly 1,000 Big Lots stores are set to close their doors as the retail giant prepares for a “going out of business” sale. The recent announcement, made by a private equity firm that now owns the company, has left many scratching their heads and wondering about what this means for their favorite shopping spots.

The Background Behind the Closure

So, what’s behind this unexpected turn of events? Big Lots has been feeling the heat from rising inflation and soaring interest rates. These economic pressures have forced consumers to tighten their wallets, particularly when it comes to home and seasonal products—two categories that make up a huge chunk of Big Lots’ revenue.

In a press release issued on Thursday, the company confirmed that all stores will be shutting down unless there are last-minute changes to their plans. As it stands, there are 66 Big Lots stores in North Carolina and 34 Big Lots stores in South Carolina currently facing closure.

Where to Find Your Local Big Lots

While Charlotte itself has no Big Lots locations, folks in the area can still take advantage of the deep discounts at nearby stores. If you’re in the mood for a shopping spree, here’s a quick list of stores set to close in North Carolina:

• Albemarle: 720 NC-24
• Belmont: 601 Park St
• Boone: 223 New Market Ctr
• Concord: 280 Concord Pkwy N
• Gastonia: 2587 W Franklin Blvd
• Hickory: 526c Us Highway 70 Sw
• Kannapolis: 950 S Cannon Blvd
• Lenoir: 845 Blowing Rock Blvd
• Lincolnton: 403 N Generals Blvd
• Monroe: 3129 Hwy 74 W
• Mooresville: 376 West Plaza Drive
• Morganton: 1251 Burkemont Ave
• Newton: 2725 Northwest Blvd
• Salisbury: 711 E. Innes St
• Shelby: 1728 E Dixon Blvd
• Statesville: 1020 Crossroads Dr

In South Carolina, you can check out these stores before they close:

• Lancaster: 1206 Highway 9 Bypass W
• Rock Hill: 2349 Cherry Rd

For a complete list of all closures in North Carolina and South Carolina, you can find them on the Big Lots website.

What Happens Next?

At this point, it’s still unclear exactly when the 963 Big Lots stores will officially close their doors. There’s a glimmer of hope that the sale could potentially prevent some locations from shutting down. But for now, it seems shoppers should gear up for the big clearance sales!

As the company winds down operations and prepares for final sales, many people will be flocking to local stores to grab some last-minute bargains. Shoppers are encouraged to stay updated on specific closing dates and deals that might pop up in the coming days.

Your Next Steps

As always, it’s wise to check your local store’s status and make a plan to score some discounts before everything’s sold! Whether you’re looking for comfy couches, stylish decor, or simply a good deal, time is ticking, and those shelves won’t stay full for long.

For all the latest updates on Big Lots and the upcoming sales, keep your eyes peeled, and don’t forget to download any available mobile apps to stay informed about any breaking news, weather, and traffic updates that might impact your shopping trips!