Vermont
Big Lots to close 300 more stores. See where in Vermont.
Which well-known retail stores filed for bankruptcy?
Red Lobster, Walgreens, Rite Aid and many other retailers are battling with worsening financials.
Big Lots, one of America’s largest home discount retailers, announced the closure of almost 300 stores over the weekend.
The announcement comes just weeks after the company declared the expected closing of 35 to 40 stores this year due to a decrease in sales.
Of the 293 Big Lots locations that will close, 18 are in New England, and two are in Vermont.
Which VT Big Lots are closing?
The two Big Lots locations closing shop in Vermont are:
The company has not announced the dates when these stores will close. However, it has advertised for a closing sale up to 20% off.
Why are Big Lots going out of business?
In the post-pandemic inflated economy, Big Lots reports struggles with declining sales. According to the original filing made by the company earlier this summer, sales dropped 10.2% between the first quarters of 2023 and 2024, leading to a loss of about $114.5 million.
Big Lots has not declared bankruptcy, and it still has over 1,000 open locations.
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Where are Big Lots stores in Vt.?
Vermont still has two Big Lots locations you can visit: