Big Lots to Close 35-40 Stores Amid Bankruptcy Rumors

Retailer Shifts Focus to Smaller Towns

California Locations Yet to Be Impacted

Discount retailer Big Lots has announced plans to close 35 to 40 stores this year as it faces financial challenges and a shift in consumer preferences. The company has 109 locations in California, but it is not yet clear if any of them will be affected by the closures.

Big Lots is moving away from urban areas and towards smaller towns in an effort to cut costs and improve profitability. The company has struggled in recent years due to competition from online retailers and other discount chains.

Big Lots is not the only discount retailer facing difficulties. 99 Cents Only filed for bankruptcy in April, and other chains have also announced store closures.