Discount retailer Big Lots has announced the closure of more than 300 stores across the United States, including four locations in Louisiana, as it grapples with declining customer spending. The stores in Lafayette, Denham Springs, Bossier City, and Natchitoches are slated for closure, as listed on the Big Lots website.
Despite these closures, fifteen other Big Lots stores in Louisiana will remain operational. These include two in Metairie, and locations in Baton Rouge, Gonzales, Covington, Hammond, Chalmette, LaPlace, Marrero, and Slidell.
Big Lots, like other discount retailers such as Conn’s HomePlus, has been significantly impacted by inflation, which has diminished consumer purchasing power. In a recent filing with the Securities and Exchange Commission, the company expressed “substantial doubt about the Company’s ability to continue as a going concern.”
This announcement marks a challenging period for Big Lots as it attempts to stabilize its financial position and adjust to the economic pressures affecting the retail industry. The closures are part of a broader strategy to consolidate operations and focus resources on more profitable locations.
Customers affected by the store closures are encouraged to visit the remaining Big Lots locations or shop online for their discount retail needs. The company continues to strive to provide value and convenience to its shoppers amidst these adjustments.
For more information on the store closures and to find the nearest open location, visit the Big Lots website.