Which well-known retail stores have filed for bankruptcy?
Red Lobster, Walgreens, Rite Aid and many other retailers are struggling with deteriorating financial conditions.
As the discounter struggles with a difficult consumer market, several Big Lots locations in New York will close this year, including the Canandaigua location and two in Western New York.
Three more stores – two on Long Island and one north of Albany – are scheduled to close in New York last month, according to the company’s website, bringing the total number of stores currently closing nationwide to 10.
In a filing with the U.S. Securities and Exchange Commission last month, Big Lots said it plans to close 35 to 40 stores and open three this year. The company reported 1,392 active stores at the beginning of 2024, compared to 1,425 in the first quarter of 2023.
“In 2024, the U.S. economy will continue to face macroeconomic challenges such as increased inflation, which will negatively impact the purchasing power of our customers,” Big Lots said in the filing.
Big Lots stores close in New York
The company’s website lists 64 Big Lots locations in New York. The following 10 New York locations had a banner on the website indicating that the location would be closing and shoppers could get up to 20% off starting August 6:
- Buffalo – Linden Corners: 2276 Delaware Ave. in Buffalo
- Buffalo-Sloan: 698 S Ogden St. in Buffalo
- Canandaigua: 4406 State Route 5 & 20 Ste 129 in Canandaigua
- Carle Square: 260 Voice Rd. in Carle Place, Long Island
- Center: 231 Centereach Mall in Centereach, Long Island
- Ithaca: 2309 N Triphammer Rd in Ithaca
- New Hartford: 4645 Commercial Dr. in New Hartford, near Utica
- Plattsburgh: 316 Cornelia St. in Plattsburgh
- Poughkeepsie: 43 Burnett Blvd. in Poughkeepsie
- Queensbury: 751 Upper Glen St. Ste 2 in Queensbury, north of Albany
Emily Barnes is the New York State team’s consumer protection reporter for the USA TODAY Network. Follow her on Twitter and Instagram @byemilybarnes. Contact us at [email protected].
