Big Lots to close 6 stores in region

Big Lots plans to close hundreds of stores across the country, including a handful of locations in Southwest Florida. The closures come after the company reported significant losses for the first quarter and the last fiscal year. 

For the fiscal year that ended May 4, the home store that encourages people to “live big and save lots” reported a net loss of $205 million. Net sales for the first quarter of fiscal 2024 marked a 10.2% decrease compared with the same period last year, according to a statement from Big Lots.

“We missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high-ticket discretionary items,” President and CEO of Big Lots Bruce Thorn says in a statement about the first-quarter results.