Big Lots plans to close up to 315 of its 1,389 stores in the U.S. due to lagging sales and creeping debt, with Florida set to lose 26 stores, including 10 in the tricounty region.
The company's first quarter earnings report warned of net losses and spending concerns, raising doubt about its ability to continue. Losses in the first quarter of 2024 reached $205 million, and $578 million in long-term debt is being carried.
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