Big Lots, the popular discount home goods retailer, is trimming its footprint in South Florida as part of a broader strategy to close 40 locations nationwide this year. The Ohio-based chain, known for offering everything from furnishings and rugs to groceries and toys, has been struggling with various economic pressures and competitive challenges, leading to this significant cutback.
The company has cited several reasons for this move, including tough economic conditions, inflation, and the rising costs of goods. In its recent filing with the U.S. Securities and Exchange Commission, Big Lots also pointed to its difficulties in executing strategic initiatives and managing competitive pressures. Essentially, the company is facing a “substantial doubt” about its future viability, which has prompted these store closures.
Closing Stores in South Florida
If you’re a fan of Big Lots and live in South Florida, you’ll want to take note of the locations slated for closure:
- Miami Lakes: 5580 NW 167th St.
- Hallandale Beach: 1761 E Hallandale Beach Blvd.
- Hollywood: 3921 Oakwood Blvd.
- Pompano Beach: 1440 NE 23rd St.
- Boca Raton: 21697 State Road 7.
- Coconut Creek: 4847 Coconut Creek Pkwy.