Struggling Ohio discounter Big Lots is closing its Wenatchee location along with hundreds of other stores across the country.
Big Lots describes itself as a one-stop shop for home goods: furniture, wall decor, kitchen appliances and so on. But the store has fallen on hard times, according to this Assets piece. Recently, the store lost nearly a quarter of a billion dollars due to the exodus of its “regular customers.” These customers either postpone purchases en masse or buy “expensive necessities” elsewhere.
In a recent filing with the SEC, Big Lots reiterated its promise to “vigorously address poorly performing stores.”
The number of “authorised store closures” previously stood at 150. That number has now doubled. This could be a harbinger of even more dramatic changes; there are “significant” internal doubts about the retailer’s ability to continue operating.
There are currently 26 Big Lots stores in Washington, of which 18 are set to close permanently:
- Bellingham – 1650 Birchwood Avenue, 98225
- Burien – 14907 4th Avenue Southwest, 98166
- Covington – 17307 Southeast 272nd Street, 98042
- Everett – 6727 Evergreen Way, 98203
- Kent – 1301 West Meeker Street, 98032
- Lacey – 1515 Marvin Road Northeast, 98516
- Lakewood – 5401 100th Street Southwest, Suite 102, 98499
- Lynnwood – 5710 196th Street Southwest, 98036
- Olympia – 2815 Capital Mall Drive Southwest, 98502
- Port Angeles – 1940 East 1st Street, 98362
- Port Orchard – 3399 Bethel Road Southeast, 98366
- Puyallup – 120 31st Avenue Southeast, 98374
- Renton – 14215 Southeast Petrovitsky Street, 98058
- Richland – 1743 George Washington Way, 99354
- Spokane – 9612 N Newport Highway, 99218
- Tacoma – 1414 72nd Street, 98404
- Vancouver – 2100b S164th Avenue, Suite E, 98683
- Wenatchee – 151 Easy Way, 98801
But rest assured – Big Lots will continue to have a limited presence in the area. The Moses Lake store will remain open.
Colorado Big Box Store bans Central High School students from entering during school hours
Watch the reaction from parents and students in Grand Junction after Walmart and Central High School agreed to ban students from entering the store on E 1/2 Road during school hours.
