Big Lots is set to permanently close around 100 stores across North Carolina and South Carolina as part of a significant downsizing effort. The decision comes after the company was acquired by a private equity firm, which announced the impending closure alongside a “going out of business” sale. This strategic shift is largely in response to the challenges posed by rising inflation and interest rates, which have adversely affected consumer spending on home and seasonal products—two key areas for Big Lots’ revenue.
In North Carolina alone, 66 stores will be shuttered, while South Carolina will see the closure of 34 locations. Although there are no Big Lots stores operating in Charlotte, shoppers in the vicinity can still take advantage of the sales as the company winds down its operations.
Here are some specific locations in North Carolina that will be closing:
– 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
– Mooreville: 376 West Plaza Drive
– Salisbury: 711 E. Innes St
– Statesville: 1020 Crossroads Dr
In South Carolina:
– Lancaster: 1206 Highway 9 Bypass W
– Rock Hill: 2349 Cherry Rd
While the closure of Big Lots stores reflects challenges within the retail sector, it also presents an opportunity for shoppers to find bargains during the liquidation sales. This transition highlights the evolving landscape of retail, where businesses must adapt to changing consumer behavior and economic pressures.
In conclusion, while the news of closures may seem disappointing, it can also encourage shoppers to take advantage of the sales while they last, potentially finding great deals as they bid farewell to their local Big Lots stores.