Big Lots to Close More Stores in 2024

Struggling Discount Retailer Plans to Shutter Three Times More Locations Than It Will Open

Big Lots, a discount retailer, plans to close more stores than it will open in 2024. The company's stock price fell 27% in premarket trading on the news.

Decline in Recent Years

Big Lots has been struggling in recent years. The company has closed hundreds of stores in the past few years and has seen its sales decline. The company's decline is due to several factors, including the rise of online shopping and competition from other discount retailers.

Delivery Service

Big Lots offers a $149 flat rate delivery service on select heavy or large items that do not ship through the company's regular shipping channels.