Big Lots is set to permanently close nearly 1,000 of its stores, including 100 locations in North and South Carolina. This announcement comes as the retail chain prepares for a “going out of business” sale following its acquisition by a private equity firm.
The company has indicated that rising inflation and interest rates have significantly impacted sales, particularly in home and seasonal product categories, which are crucial for its revenue. As a result, all 66 Big Lots locations in North Carolina and 34 in South Carolina are slated for closure unless further announcements are made.
While there are currently no Big Lots locations in Charlotte, shoppers in the area will have the opportunity to visit the nearby stores in both states, which are expected to offer discounts as they wind down operations.
In North Carolina, the closures will affect stores in cities such as Albemarle, Belmont, Boone, Concord, Gastonia, Hickory, Kannapolis, Lenoir, Lincolnton, Monroe, Mooresville, Morganton, Newton, Salisbury, Shelby, and Statesville. South Carolina locations impacted include stores in Lancaster and Rock Hill.
As the business winds down, customers may find some bargains, making it a bittersweet opportunity for loyal shoppers.
Summary: Big Lots will close nearly 1,000 stores, including 100 in North and South Carolina, due to poor sales attributed to economic challenges. The retailer will hold a “going out of business” sale, providing local shoppers a chance to find deals before the stores shut down permanently.