Discount retailer Big Lots is planning to close dozens of stores this year.
The company made the announcement in a recent Securities and Exchange Commission filing, CBS News reported. Specific locations were not identified.
“In, 2024, we currently expect to open three stores and close 35 to 40,” Big Lots wrote.
Big Lots had a net loss of $205 million in the last quarter blamed on “a continued pullback in consumer spending by our core customers, particularly in high-ticket, discretional items,” CEO Bruce Thorn said in June, according to WTNH.
Big Lots has more than 1,300 stores in 48 states.
There's currently 106 Big Lots stores in Florida, 10 of which are located in the Orlando-Metro area.
It is unknown at this time if any of these local Big Lots locations will be apart of the closures.