Big Lots To Close 6 Southwest Florida Locations
Times have been tough on Big Lots as earlier this year they announced that the retailer would be closing 40 stores by the end of the year. Now, it looks like that number will be much higher, including 6 Southwest Florida locations mentioned.
26 Florida Big Lots To Close – 6 In Southwest Florida
The Big Lots website lists many stores as “Closing This Location” with an ad saying ‘Save Up To 20% off’ on that location’s page. But why are they closing? Big Lots sales have dropped over 10% year over year, bringing a big loss to the company and doubts as to whether they can avoid bankruptcy. At last check the stock was trading at less than a dollar.
There are currently 106 Big Lots in Florida, with many here in Southwest Florida. Let’s take a look at those SWFL stores.
- Bonita Springs – listed as “closing”
- Bradenton – 2 locations, the store on 7381 52nd Pl E listed as “closing”. 5584 Cortez Rd. West remains open
- Clewiston – listed as “closing”
- Englewood – open
- Fort Myers – 15271 Mcgregor Blvd “closing”; 4429 Cleveland Ave “open”; 4901 Palm Beach Blvd “open”
- Naples – the store on East Trail listed as “closing”
- North Fort Myers – the 13970 N Cleveland Ave is still listed as “open”
- Port Charlotte – The store on Tamiami Trail is still listed as “open”
- Sarasota – The location at 3750 Bee Ridge Rd is listed as “closing”. The 501 N Beneva Rd shows normal business hours.
- Venice – The location at 565 Us Hwy 41 Byp still shows normal operating hours.
Inflation
Although inflation is cooling, the damage to the consumer seems to already have been done. The remaining Big Lots stores could all receive notice at any time. Although, Big Lots isn’t the only retailer in trouble. Other stores to watch for include Petco, JOANN, Express, AMC, Kohl’s, Foot Locker, Stein Mart, and JC Penney.