Big Lots has closed its Ohio Elmwood and Greenwood locations and stores in other states. The retail chain closed one of three stores in Wichita, Kansas and intends to close a store in Sioux Falls, South Dakota as of 2015. Big Lots opened 89 Canadian stores in the summer of 2011, but shuttered those stores and exited the Canadian market two years later due to poor sales.Continue Reading
Announcements of local Big Lots store closings usually appear in local media, and the store location might put out a sign informing customers of an impending closure. When the company closed two locations in the Dayton, Ohio area, company officials remained mum about specific details. Big Lots company policy is to refrain from media comments concerning store closings. This makes it hard to predict when additional Big Lots stores are slated for closure. Some store locations remain open until all of the merchandise is gone.
Big Lots attempted to turn around its business fortunes by expanding into Canada when it purchased former locations of closeout retailer Liquidation World, Inc. The company lost millions on this gamble and faces an uncertain future regarding growth. Big Lots stores sell a variety of household goods and home furnishings at wholesale closeout prices. The company operates numerous stores across the country.Learn more about Corporations