Business & Tech
Big Lots Store Closures: Fate Of Milford Location
In a recent financial filing, Big Lots said it might soon close over 300 stores nationwide.
![Big Lots may close 315 stores in the coming months, the chain said in a financial filing.](https://patch.com/img/cdn20/users/22906546/20240807/110612/styles/patch_image/public/202107-ped-big-lots-wi-anderson-1___07110426217.jpg)
MILFORD, MA — If you're a fan of the Milford Big Lots, you're in luck: the local store is likely not one of 315 set to close soon.
Big Lots in a July 31 financial filing said it would close 315 of its nearly 1,400 remaining locations. There are 23 in Massachusetts, and five are on the chopping block: Northampton, Ashland, Seekonk, West Springfield and Dennis Port.
Big Lots did not immediately release a full list of closing stories, but the company's website has banners announcing closures on webpages for individual stores. The closing stores are sales offering up to 20 percent off, according to the website.
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Like many retailers, Big Lots has said it needs to close stores due to flagging sales. The company lost $205 million in the most recent quarter, according to reports. Chains ranging from Rite Aid and Walgreens to Bed, Bath and Beyond — whose Milford store closed in 2022 — and restaurant chains like Red Lobster and TGI Friday's. Big Lots had said earlier in July that it was only planning to close 35 stores nationwide.
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