Business & Tech
Woodbridge Big Lots Store Will Be Closing
So far, the Big Lots at 471 Green Street in Woodbridge is the only New Jersey store slated for closure, as Big Lots closes 300 nationwide:
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WOODBRIDGE, NJ — The Big Lots store at 471 Green Street in Woodbridge will be closing.
The Big Lots company announced the news about their Woodbridge location here on their website. A store employee at the Green Street location confirmed the store will close, but the said Big Lots did not give them a closing date yet.
The store is currently offering 20-percent off sales.
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Big Lots announced this August it will close 300 stores across the U.S.; the company has 1,300 stores in the United States. So far, the Woodbridge location is the first New Jersey store that has been identified for closure.
Big Lots posted a net loss of $205 million for the first quarter of 2024, prompting the company in a regulatory filing to warn that it has "substantial doubts" it can continue as a functioning business.
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Big Lots sells discount furniture and some food items. Big Lots said it is closing stores as consumers are cutting back on spending.
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