Business & Tech
Big Lots Closing Dozens Of Stores; PA Could Lose Locations
Discount retailer Big Lots is shuttering many stores and is indicating it might go out of business.
PENNSYLVANIA — Retailer Big Lots plans to close as many as 40 of its 1,392 stores nationwide and the discount retailer warned in a regulatory filing that it has "substantial doubts" it can continue as a functioning business.
In a Tuesday filing with the federal Securities and Exchange Commission, the Columbus, Ohio-based company also stated that there is a "significant likelihood" that it won't be able to meet the terms of a credit agreement. Big Lots last month reported a net loss of $205 million for the first quarter of fiscal 2024.
"We missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items,” Big Lots President and CEO Bruce Thorn said in a statement at the time.
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In Tuesday's filing, Big Lots did not identify the stores to be closed or when they will be shuttered. According to its website, the chain has 73 Pennsylvania locations:
- Aliquippa
- Allentown
- Altoona
- Aston
- Belle Vernon
- Bethlehem
- Bloomsburg
- Boyertown
- Bradford
- Bridgeville
- Burnham
- Butler
- Camp Hill
- Chambersburg
- Clearfield
- Cleona
- Clifton Heights
- Coraopolis
- Du Bois
- Dunmore
- East Stroudsburg
- Ebensburg
- Ephrata
- Erie
- Exton
- Eynon
- Fairless Hills
- Frackville
- Franklin
- Greensburg
- Hanover
- Harrisburg
- Hermitage
- Hummelstown
- Indiana
- Johnstown
- Kennett Square
- Kittanning
- Lancaster
- Lansdale
- Latrobe
- Leechburg
- Lehighton
- Lewisburg
- Luzerne
- Meadville
- Monroeville
- Mount Pleasant
- Muncy
- Natrona Heights
- New Castle
- Norristown
- North Versailles
- Philadelphia (2)
- Phoenixville
- Pittsburgh (2)
- Reading
- Rochester
- Shippensburg
- Souderton
- State College
- Trexlertown
- Uniontown
- Washington
- Waynesburg
- West Hazleton
- West Mifflin
- Whitehall
- Wilkes Barre
- York (2)
Founded in 1967, the company operated in its infancy as Consolidated International and operated closeout and discount stores under a variety of names. In 2001, the various store names and company were converted to the single national Big Lots brand.
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According to its website, Big Lots has 35,000 employees.
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