Another retailer is struggling under the weight of inflation and the change in consumer buying habits. The discount retailer Big Lots is facing tough times.
The chain is a treasure trove of unexpected finds. You’ll run across quirky home decor, budget-friendly snacks, and gizmos for your home or office. The discount chain recently announced plans to close stores across the U.S.
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Why are Big Lots Stores Closing?
Big Lots is pointing to inflation and competition challenges as the main factors influencing its decision to close stores. Rising prices and fierce competition from online retailers, coupled with a shift in consumers’ spending, are factors making it challenging to keep their doors open.
The company expects to close a total of 35 to 40 stores this year, with plans to open three new stores.
How Many Big Lots Stores Will Close in Arizona?
Big Lots announced they will shutter twelve locations in Arizona. Here’s the planned list of the stores that will be affected:
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Flagstaff: 1416 E. Route 66
Glendale: 17510 N. 75th Ave.
Laveen: 3630 W. Baseline Road
Mesa: 6839 E. Main St. and 2840 E. Main St.
Phoenix: 2020 N. 75th Ave.
Phoenix: 230 E. Bell Road
Phoenix: 2330 W. Bethany Home Road
Phoenix: 4835 E. Ray Road
Phoenix: 4727 E. Bell Road.
Peoria: 24760 N. Lake Pleasant Parkway
Scottsdale: 10220 N. 90th St.
Tucson: 4525 N. Oracle Road