In recent months, whispers and speculation have grown louder around the phrase “Big Lots going out of business.” For decades, Big Lots has been a staple in American retail, known for deep discounts, off-price inventory, and a loyal customer base. But as the retail landscape continues to evolve—challenged by e-commerce giants, inflation, and shifting consumer preferences—Big Lots finds itself at a critical crossroads.
In this comprehensive guide, we’ll explore everything you need to know about the rumors of Big Lots closing its doors. From the truth behind the speculation to details about clearance sales and store closures, we dive deep into what’s really happening with this iconic retail chain.
A Brief History of Big Lots
Before diving into what’s currently happening, it’s important to understand the legacy of Big Lots. Founded in 1967 as Consolidated Stores Corporation, Big Lots has grown over the decades through acquisitions, rebranding, and strategic shifts. With headquarters in Columbus, Ohio, the retailer operates hundreds of locations across the United States, offering furniture, home goods, groceries, seasonal décor, and more.
Big Lots has always thrived in the discount retail space, appealing to budget-conscious shoppers looking for name brands at bargain prices. However, even legacy retailers are not immune to economic downturns, market disruption, and increased competition from online platforms.
Is Big Lots Going Out of Business?
The Rumors and Reality
The phrase “Big Lots going out of business” has trended across social media platforms and search engines, but is it true?
The short answer is: not entirely.
Big Lots is not shutting down its entire operation. However, the company is undergoing a period of financial restructuring, which includes store closures, inventory clearance events, and strategic shifts in business operations. In its most recent quarterly earnings report, Big Lots cited challenges such as rising supply chain costs, inflationary pressures, and declining foot traffic—factors that have impacted profitability and forced reevaluation of underperforming stores.
So, while Big Lots is not disappearing from the retail landscape, certain stores are closing, and others are being repurposed or downsized.
Store Closures: Which Locations Are Shutting Down?
A Targeted Approach
Big Lots has not released a full list of store closures in a single statement, but several local news outlets have reported specific locations that are shutting their doors. These closures appear to be part of a targeted plan, focusing on:
- Underperforming stores with low sales volume
- Leases with high overhead costs
- Redundant locations in areas with multiple Big Lots stores nearby
Cities in states like California, Ohio, Florida, and New York have seen announcements of closures in the past year. Some of these locations are already holding “Store Closing” clearance events, offering steep discounts on all remaining inventory.
What Happens to the Employees?
Store closures inevitably lead to job losses or relocations. Big Lots has stated that they aim to relocate affected employees to nearby stores wherever possible. However, not all associates will be retained, which is a concern in the affected communities.
Clearance Sales: What Shoppers Should Know
If you’re a savvy shopper, the upside to the “Big Lots going out of business” narrative is the potential for deep discounts during clearance sales. These sales offer significant markdowns on everything from:
- Furniture and mattresses
- Home décor and lighting
- Kitchen appliances and cookware
- Toys and seasonal items
- Pantry staples and snacks
How to Find a Closing Store Near You
To find out if your local Big Lots is closing or hosting a clearance sale:
- Visit the Big Lots Store Locator on their official website.
- Look for banners or pop-ups indicating store-wide sales.
- Follow local news outlets and community forums.
- Call the store directly and ask about any upcoming sales or closures.
Be prepared—clearance sales are often final and “as-is,” meaning no returns or exchanges. But for bargain hunters, this is a golden opportunity to score quality items at unbeatable prices.
Why Is Big Lots Facing These Challenges?
The decline in certain Big Lots locations is not happening in a vacuum. There are several key factors at play:
The Rise of E-Commerce
Retailers like Amazon and Walmart’s growing online presence have made it easier for consumers to shop from the comfort of their homes. While Big Lots has tried to expand its e-commerce operations, it hasn’t been able to match the scale or efficiency of larger digital-first competitors.
Inflation and Consumer Spending
In the post-pandemic economy, inflation has significantly altered consumer behavior. People are spending less on non-essential items and prioritizing necessities. Big Lots, while offering lower prices, still struggles with profit margins when consumer demand dips.
Supply Chain Disruptions
Global supply chain issues have hit all retailers, but discount stores like Big Lots, which rely heavily on overstock or liquidation inventory, have been especially affected. Delays, rising freight costs, and limited availability have all contributed to tighter stock levels and higher expenses.
What’s Next for Big Lots?
Reinvention Over Extinction
It’s important to note that Big Lots is not passively accepting its fate. The company has announced initiatives aimed at revamping its store layouts, streamlining inventory, and focusing on core product categories like furniture and home essentials. It’s also looking to expand same-day delivery and click-and-collect services to remain competitive in the digital age.
Additionally, Big Lots is exploring strategic partnerships and digital tools to enhance customer experience and operational efficiency. These efforts suggest that the brand is aiming for reinvention rather than extinction.
How Customers Can Support Local Stores
For fans of the Big Lots brand who want to see it thrive, there are a few ways to support:
- Shop at physical stores rather than just online.
- Take advantage of loyalty programs and promotions.
- Leave positive reviews for stores offering great service.
- Engage with the brand on social media, spreading awareness.
These small steps can have a big impact, especially for stores that are on the fence between closure and survival.
Industry Outlook: Are Other Retailers at Risk?
Big Lots is not alone in facing tough times. Retail chains like Bed Bath & Beyond, Tuesday Morning, and even Dollar Tree have also announced closures or financial restructuring in recent months. The retail space is undergoing a seismic shift, and only those who can adapt quickly are likely to survive.
Industry experts predict continued consolidation and transformation in the years ahead. Physical retail will not disappear entirely, but it will increasingly be integrated with digital strategies, supply chain innovations, and experiential shopping formats.
Big Lots Going Out of Business: What It Really Means
H3: A Heading That Clears the Air
Let’s circle back to the core topic—Big Lots going out of business. This phrase doesn’t mean the company is vanishing completely. Instead, it’s a wake-up call, signaling that the brand is in transition.
Some stores will close, and others will transform. Shoppers will find more targeted offerings, better digital experiences, and perhaps fewer locations—but hopefully stronger ones. Like many retail chains in 2025, Big Lots is being forced to evolve or risk obsolescence.
Conclusion:
Big Lots is a beloved American brand that’s seen both boom years and bust cycles. While it is not completely going out of business, it is clearly going through a significant overhaul. From store closures and clearance sales to revamped strategies, the road ahead will be bumpy—but not impassable.
For shoppers, this is a time to take advantage of deals and support your local store. For the company, it’s a moment of reinvention. Whether Big Lots emerges stronger or continues to shrink will depend largely on how well it adapts to today’s fast-changing retail environment.
If you’re wondering what the future holds, keep an eye on your neighborhood store and your inbox—because the next big deal might be just around the corner.
