Discount store giant Big Lots has announced plans to close up to 315 stores nationwide as financial issues put pressure on the embattled retailer's future.
According to a July 31 filing with the U.S. Securities & Exchange Commission, the discount retailer said it could close as many as 315 stores as part of an update to its loan terms. That is up from the 150 store closings the company originally announced two months earlier.
The Columbus, Ohio-based retailer had previously reported a 10% drop in sales in its first quarter ending June. The store currently operates around 1,389 stores nationwide.
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Around seven stores in Pennsylvania and New Jersey have announced they'll be shutting down. So far no stores in Delaware have been affected.
Here's a list of the stores officially closing in Pennsylvania and New Jersey:
- Coraopolis
- Kennett Square
- Philadelphia: Franklin Mills
- Franklin Mills
- Clifton Heights
- Exton
- Woodbridge
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