Evergreen moments in Delray Beach, Florida
Evergreen moments in Delray Beach, Florida
Last month, ubiquitous discount retailer Big Lots announced it would close up to 40 stores by the end of 2024 as its financials worsen in a tough consumer market. Now that number could be closer to 315.
According to Big Lots’ website, 11 stores in Florida were initially closed. But in a July 31 filing with the U.S. Securities and Exchange Commission (SEC), the discount wholesale chain agreed to close many more stores while changing its credit terms to lower the credit limit and raise the interest rate.
The website now states that 26 of the chain’s 106 stores in Florida will be closed, with sales promotions of up to 20% already underway.
The Columbus Dispatch – part of the USA TODAY Network – reported that the Columbus-based retailer had 293 locations listed as “soon to close” in early August. The company’s store locator currently lists 1,389 locations across the country. That’s already down from the 1,425 locations the chain had listed in the first quarter of 2023.
“In 2024, the U.S. economy will continue to face macroeconomic challenges, including elevated inflation, which has negatively impacted the purchasing power of our customers,” Big Lots said in a statement. In June, the U.S. inflation rate was 3.0%, compared to 3.3% in May.
And that’s in a year that saw Walgreens close stores, Walmart close all 51 of its health centers, restaurant chains like Red Lobster, Tijuana Flats, TGI Fridays and Hooters announce closures, and retail stores like rue21, Express, Best Buy, Macy’s, Dollar Tree and Family Dollar all announce bankruptcies or store closures.
Which Big Lots stores in Palm Beach County are closing?
According to Big Lots’ website, 26 stores will be closed in Florida. The three stores closing in Palm Beach County are in Boca Raton, Boynton Beach and Royal Palm Beach.
Why is Big Lots closing stores?
According to the financial release, Big Lots’ revenue fell 10.2% between the first quarter of 2023 and 2024, representing a loss of approximately $114.5 million.
The company also expressed “significant doubts” about the company’s ability to continue operations, fueling speculation about a possible bankruptcy filing.
How many Big Lots are there in Palm Beach County?
There are 106 Big Lots stores in Florida, five of which are in Palm Beach County.
With the closure of three locations in Boca Raton, Boynton Beach and Royal Palm Beach, there are now only two Big Lots stores left in Palm Beach County.
- Delray Beach: 4801 Linton Blvd Ste 15a Delray Beach, Florida 33445
- Green Field: 4515 Lake Worth Rd Greenacres, Florida 33463
Cities in Florida with the most Big Lots stores:
- Orlando: 5
- Miami-Dade County: 4
- Saint Petersburg: 3
- Ocala: 3
- Tampa: 3
- Sarasota: 2
- Lake landscape: 2
- Pensacola: 2
- Fort Myers: 3
- Pittsburgh: 3
- Bradenton: 2
- Clear water: 2
States with more than 100 Big Lots include:
- Texas: 116
- California: 109
- Florida: 106
- Ohio: 102
Ashley Ferrer is a reporter for The Palm Beach Post, part of the USA TODAY Florida Network. Support our journalism. Subscribe today.
