SACRAMENTO, Calif. — Dozens of Big Lots locations in California are closing, according to the company's website as of Monday.
There are 109 locations in California on the website and a number of them now include a message reading "closing this location."
The exact closing dates are unknown.
LOCATIONS CLOSING
- Fairfield: 1500 Oliver Road
- Folsom: 9500 Greenback Lane, Suite 22
- Manteca: 1321 West Yosemite Ave.
- Modesto/Salida: 3900 Sisk Road
- Placerville: 47 Fair Lane
- Sacramento: 6630 Valley Hi Drive
- Sacramento: 8700 La Riviera Drive
- Stockton: 2720 Country Club Blvd.
- Tracy: 2681 N Tracy Blvd.
- Turlock: 1840 Countryside Drive
- Vacaville: 818 Alamo Drive
- Woodland: 52 W Court St.
The company included in its quarterly report with the Securities and Exchanges Commission that they planned to close 35-40 stores and open three in 2024.
According to a June 6 release from the company, a net loss of $205 million was reported for the first quarter of 2024. In the report, an overview said that net sales decreased by $114.5 million, or 10.2%.
In the release, Bruce Thorn, company president and CEO, said that while they made "substantial progress on improving our business operations in Q1, we missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items."
"The current financial performance does not yet reflect the stronger business model that we've created through our five key actions, but we expect the fruits of those efforts to become more apparent in the back half of the year," said Thorn.
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