CONNECTICUT (WTNH) — A Fresno Big Lots determination is 1 of the stores expected to adjacent this year, according to a U.S. Securities & Exchange Commission (SEC) filing from the institution past month.
Company leaders accidental ostentation and their inability to vie nether economical pressures person led to important uncertainty successful their quality to continue.
In Fresno, the Big Lots store affected by the closure is located astatine the Northgate Shopping Center astatine 7370 N. Blackstone Ave., according to the store's website. They are unfastened from 9 a.m. to 9 p.m.
This and the different 2 Fresno locations are portion of the astir 1,400 stores the institution has passim the country.
Although store closures are expected, Big Lots expects to unfastened 3 stores arsenic well, according to the filing.
During the archetypal 4th of 2024, the institution reported $1 cardinal successful sales, a 10.2% alteration compared to the aforesaid play past year.
While we made important advancement connected improving our concern operations successful Q1, we missed our income goals owed mostly to a continued pullback successful user spending by our halfway customers, peculiarly successful high-ticket discretionary items. We stay focused connected managing done the existent economical rhythm by controlling the controllables. As we determination forward, we're taking assertive actions to thrust affirmative comp income maturation successful the second portion of the twelvemonth and into 2025, and to support year-over-year gross borderline complaint improvements, each driven by advancement connected our 5 cardinal actions.
President and CEO of Big Lots Bruce Thorn said successful June.The nonstop day of closure for this store is unknown.