Big Lots, Inc. is an American retail company headquartered in Columbus, Ohio. The company was founded in 1967 by Sol Shenk and is currently publicly traded on the New York Stock Exchange under the ticker symbol BIG.
Big Lots operates 1,400 stores in 47 states. In 2017, Big Lots reported net income of $170 million on revenue of $5.33 billion.
Big Lots has been struggling in recent years, and rumors have circulated that the company may be forced to close some of its stores. In 2016, Big Lots announced that it would be closing 100 stores nationwide. While no store closings have been announced for 2017, it is possible that more may be announced in the future.
The rumors about Big Lots closing its stores are likely due to the company’s financial struggles. Big Lots has posted losses in three of the past four quarters, and its stock price has fallen by more than 50% over the past year. If Big Lots cannot turn things around, it may be forced to close more stores in the future.
Conclusion:
At this time, it is not known if Big Lots will be forced to close any more of its stores. However, the company’s financial struggles suggest that more store closings could be announced in the future.
