Major US discount retailer to close as many as 315 stores as retail apocalypse gathers pace

Major US discount retailer to close as many as 315 stores as retail apocalypse gathers pace READ MORE: Italian restaurant chain files for bankruptcy after closing locations By Tilly Armstrong Assistant Consumer Editor For Dailymail.Com Published: 12:42, 7 August 2024 | Updated: 12:58, 7 August 2024 e-mail 13 shares 3 View comments Big Lots is closing up to 315 stores across multiple states as it suffers from growing financial woes . The discount homeware chain has identified scores of locations across states such as Connecticut , Massachusetts , Michigan , New Hampshire and Vermont which are due to close.

The Columbus, Ohio-based chain has not published a full list of closures. But stores that are going out of business display a 'closing this location' banner on its website , alongside a 20 percent off promotion. It comes after the retailer in June announced it was closing up to 40 of its 1,392 stores as losses were mounting.

Big Lots has seen its takings fall consistently for each of the past ten quarters. And it lost an eye-watering $132 million in the first three months of 2024. The discount homeware chain has identified scores of locations across several states which are due to close (Pictured: An affected store in Manassas, Virginia) Read More Fashion store made famous in Clueless shuts EVERY location - leaving Rihanna devastated The possible closures come as a result of amended credit and loan terms in a US Securities and Exchange Commission filing on Friday.

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