A Discount Retailer Now Confirms Painful Closures Nationwide

July 22, 2024

A discount retailer now confirms painful closures nationwide, with its latest shutter happening in California very soon.

Big Lots has offered shoppers at one of its locations 20% off as it plans to shut one of many upcoming locations.

The discount chain has not confirmed when its Atascadero, California, around 100 miles north of Santa Barbara, location will close its doors for good.

However, shoppers at this Central California branch were met with a yellow sign outside of the store that confirmed it would be closing soon, according to the SLO Tribune.

The banner wrote that this would be the only Big Lots store in the area to go.

Shoppers will also be offered a 20% discount on goods, with a few exceptions, at this shutting location.

Locals shared their sad thoughts on this news in the comments of a Facebook post.

“Atascadero is the best Big Lots around, so clean and well organized,” one person said.

“I’ll miss it.”

“One of my favorite places to shop in Santa Maria Calif.,” another local wrote.

This comes as the struggling retailer confirmed it would close 35 to 40 stores this year, The U.S. Sun previously reported.

Despite the closures, Big Lots did say it would also open three new locations.

Rising inflation has played a massive role in the struggling retail chain’s store closure decisions.

Big Lots reported financial losses in 2022 and 2023.

It had also closed 52 stores in 2023 alone.

The chain has also reported losses of up to $205 million in the first quarter of 2024, according to a June Securities and Exchange Commission filing.

Big Lots currently has 1,389 stores nationwide.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.

Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.

The company said the select stores across the Northeast will be closed before the end of the year.

Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.

In May, the company announced the coming store closures.

“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.

The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”

Fortunately, employees will be offered other positions within the company, according to a press release.

The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.

Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.

Which grocery stores are closing?

In New Jersey, 10 locations will close, while only seven will close in New York.

Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.

Five stores will also be closing in Connecticut.

As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.

Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.

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