Discount retailer Big Lots has announced plans to close hundreds of its stores, including several locations in Illinois and Indiana. The closure of these stores is part of the company’s strategic restructuring plan to focus on its more profitable locations.
The exact number of stores that will be closing has not been confirmed, but reports suggest that around 170 stores will be shut down in total. Big Lots has not released a list of specific locations that will be affected, but it is believed that stores in both Illinois and Indiana will be included in the closures.
This news comes at a time when many retailers are struggling to stay afloat amid the ongoing challenges presented by the COVID-19 pandemic. Big Lots has been hit hard by the economic downturn caused by the pandemic, as consumers have been spending less on non-essential items.
The closures are expected to have an impact on both employees and customers. Big Lots has stated that it will work to relocate affected employees to other stores where possible, but there will likely be job losses as a result of the closures. Customers who shop at these locations will need to find alternative stores to patronize.
Despite the closures, Big Lots remains committed to serving its customers and providing quality products at affordable prices. The company has stated that it will continue to focus on its more successful stores in an effort to drive profitability and ensure long-term success.
Overall, the closure of several Big Lots stores in Illinois and Indiana is a significant development for both the company and the communities affected. As the retail industry continues to evolve, it is essential for companies like Big Lots to adapt to changing market conditions in order to remain competitive.
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