---
title: "Big Lots is closing hundreds of stores after warning it could go out of business | CNN Business"
description: "Big Lots is closing over 300 stores, about 4% of its locations, due to significant financial troubles and a warning about its future. The company reported a 10% sales decline and a $205 million loss l"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/226613691.md"
published_at: "2025-01-29T19:55:40.000Z"
---

# Big Lots is closing hundreds of stores after warning it could go out of business | CNN Business

> Big Lots is closing over 300 stores, about 4% of its locations, due to significant financial troubles and a warning about its future. The company reported a 10% sales decline and a $205 million loss last quarter, attributing this to reduced consumer spending. Despite most stores being profitable, Big Lots is shutting down underperforming locations as part of a strategy to improve operations and secure finances. The company faces a potential loan default and has expressed doubts about its ability to remain operational.

Big Lots is closing hundreds of stores across the US, including this location in Hallandale Beach, Florida. Michele Eve Sandberg/SIPAPRE/AP Big Lots is closing more than 300 locations across the United States, or roughly a quarter of its stores, following an earlier warning that its future was in “substantial doubt” amid ongoing financial troubles. The discount retailer previously said it planned to close as many as 40 stores during its most recent earnings report in June, when it recorded a 10% decrease in sales and a $205 million loss for the quarter because customers are cutting back on spending. In a recent regulatory filing, Big Lots said it would increase the number of closures to 315 stores, part of an updated loan agreement to secure its finances. A specific list wasn’t revealed, but Big Lots is listing closing sales at hundreds of its 1,389 stores on its website. Big Lots said in a statement Tuesday to CNN that it’s “taking decisive actions to operate efficiently and reviewing our store footprint on an ongoing basis to make sure we’re best positioned to serve our customers and our business.” A company spokesperson said that although a “majority” of its stores are profitable, it’s making the “difficult decision to close certain underperforming stores.” “We are confident that the steps we are taking will best position the company for the future as we return to our roots, focus on owning the bargain space, and deliver unmistakable value to our customers,” Big Lots said. CEO Bruce Thorn said in a press release in June that the company “missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items.” The recent regulatory filing, however, was more dire about the state of the 57-year-old company’s health. The filing said that there’s a “significant likelihood” of a potential default on a 2022 loan and that the company has “substantial doubt” about the company’s ability to remain operational. Customers cutting back their spending on non-essential items has hurt a number of retailers, even putting some out of business. Amazon and other online retailers have also hurt traditional brick-and-mortar stores. Conn’s HomePlus, a 134-year-old furniture and electronics retailer, recently filed for bankruptcy and is in the process of closing all of its stores. Bob’s Stores and 99 Cents Only Stores also went out of business earlier this year. Shares of Big Lots (BIG) are down nearly 90% for the year. Correction: An earlier version of this story incorrectly stated the percentage of stores Big Lots is closing. It is roughly a quarter.

### Related Stocks

- [BIGGQ.US - BIG LOTS INC](https://longbridge.com/en/quote/BIGGQ.US.md)
- [ING.US - ING Groep](https://longbridge.com/en/quote/ING.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 沃尔玛四季度财报超预期但盈利指引不及预期，CEO 称 “美国低收入家庭只能勉强维持生计” | 沃尔玛 Q4 营收超预期，新财年盈利指引（每股 2.75-2.85 美元）远低于市场预期的 2.96 美元，显示通胀压力下消费者支出不确定性犹存，拖累股价下跌 1.38%。财报印证 K 型” 分化：高收入家庭驱动增长，低收入群体 “钱包吃紧 | [Link](https://longbridge.com/en/news/276398633.md) |
| 谷歌突然发布 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro，其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中，Gemini 3.1 Pro 得分 77.1%，显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) |
| 学习英伟达刺激芯片销售，AMD 为 “AI 云” 借款做担保 | AMD 为扩大市场份额祭出金融 “狠招”！为初创公司 Crusoe 的 3 亿美元购芯贷款提供担保，承诺在其无客户时 “兜底” 租用芯片。这一复刻英伟达 “租卡云” 路径的策略虽能短期推高销量，但也令 AMD 在 AI 需求放缓时面临更大的 | [Link](https://longbridge.com/en/news/276401504.md) |
| 最高法裁决后特朗普动用替补选择：加征 10% 全球关税 | 美国总统特朗普在最高法院裁决后宣布将加征 10% 的全球关税，以补救被推翻的关税措施。根据《1974 年贸易法》第 122 条款，现有的关税将全面生效。最高法院裁定特朗普政府的部分关税措施缺乏法律授权。市场风险提示，投资需谨慎。 | [Link](https://longbridge.com/en/news/276477629.md) |
| Anthropic 发布 Claude 安全工具，网络安全股重挫 | Anthropic 推出 AI 代码扫描工具 Claude，引发网络安全股集体重挫。Global X 网络安全 ETF 下跌 4.9%，创 2023 年 11 月以来最低点。SailPoint 暴跌 9.4%，Okta 跌 9.18%，Cl | [Link](https://longbridge.com/en/news/276492030.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.