NEW YORK — Big Lots, a well-known discount retailer, may close up to 315 of its stores nationwide, according to a recent filing with the Securities and Exchange Commission (SEC). This possible move is part of the company’s ongoing efforts to restructure its business and improve its financial stability.
In the filing, Big Lots said it had increased the number of permitted store closures to a maximum of 315 from the previous 150. This decision follows changes made to the company’s credit agreement and term loan facility in late July.
A Big Lots spokesperson stressed that while the majority of the company’s stores remain profitable, the decision to close certain underperforming locations is part of a broader strategy to increase efficiency. “These efforts include decisive actions to increase efficiency and a continuous review of our store footprint to ensure we are best able to serve our customers and our business,” the spokesperson said.
The spokesperson added that the company is focused on returning to its roots, emphasizing value and bargains, which have always been key components of its brand identity.
Stores that may close include several locations in New York and New Jersey, including:
New York:
- 2276 Delaware Ave., Buffalo
- 698 S Ogden St., Buffalo
- 4406 State Route 5 & 20, Ste. 129, Canandaigua
- 260 Voice Rd., Carle Place
- 231 Centereach Mall, Centereach
- 2309 N Triphammer Rd., Ithaca
- 4645 Commercial Dr., New Hartford
- 316 Cornelia St., Plattsburgh
- 43 Burnett Blvd., Poughkeepsie
- 751 Upper Glen St., Ste 2, Queensbury
New Jersey:
- 471 Green Street, Woodbridge
The company has not provided a specific timeline for the closures and the final number of store closures will depend on ongoing evaluation of store presence and overall performance.
Big Lots is confident that these steps will help the company achieve future success with a renewed focus on its core value proposition.
- Big Lots closes stores in New York and New Jersey
NEW YORK — Big Lots, a well-known discount retailer, may close up to 315 of its stores nationwide, according to a recent filing with the Securities and Exchange Commission (SEC). This possible move is part of the company’s ongoing efforts to restructure its business and improve its financial stability.
In the filing, Big Lots said it had increased the number of permitted store closures to a maximum of 315 from the previous 150. This decision follows changes made to the company’s credit agreement and term loan facility in late July.
A Big Lots spokesperson stressed that while the majority of the company’s stores remain profitable, the decision to close certain underperforming locations is part of a broader strategy to increase efficiency. “These efforts include decisive actions to increase efficiency and a continuous review of our store footprint to ensure we are best able to serve our customers and our business,” the spokesperson said.
The spokesperson added that the company is focused on returning to its roots, emphasizing value and bargains, which have always been key components of its brand identity.
Stores that may close include several locations in New York and New Jersey, including:
New York:
- 2276 Delaware Ave., Buffalo
- 698 S Ogden St., Buffalo
- 4406 State Route 5 & 20, Ste. 129, Canandaigua
- 260 Voice Rd., Carle Place
- 231 Centereach Mall, Centereach
- 2309 N Triphammer Rd., Ithaca
- 4645 Commercial Dr., New Hartford
- 316 Cornelia St., Plattsburgh
- 43 Burnett Blvd., Poughkeepsie
- 751 Upper Glen St., Ste 2, Queensbury
New Jersey:
- 471 Green Street, Woodbridge
The company has not provided a specific timeline for the closures and the final number of store closures will depend on ongoing evaluation of store presence and overall performance.
Big Lots is confident that these steps will help the company achieve future success with a renewed focus on its core value proposition.
- Two men injured in shooting on Andrews Avenue in the Bronx
BRONX, NY — Two men were shot and injured in the Bronx on Saturday, August 24, 2024, according to police reports.
The incident occurred at 1905 Andrews Avenue S in the 2-0 district. Both victims, whose identities were not released, were injured in the shooting.
Rescue workers arrived at the scene and took the injured to a nearby hospital for treatment. The extent of their injuries and their current condition have not been disclosed.
The circumstances leading up to the shooting remain under investigation. No arrests have been made at this time. Authorities are continuing to gather information and are urging anyone with details about the incident to contact the NYPD.
- Teenager seriously injured in Manhattan shooting
MANHATTAN, NY — A 17-year-old boy is in critical condition after being shot in a building in Manhattan’s Inwood neighborhood early Saturday morning, police said.
The incident occurred at about 2:30 a.m. near the attic of a building at 128 Sherman Avenue, the New York Police Department reported. The teenager was shot in the chest and face.
Emergency responders took the victim to a local hospital, where he remains in critical condition. Authorities have not yet determined what led to the shooting and no arrests have been made.
The investigation is ongoing as police attempt to uncover further details about the incident.
