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Big Lots said it is continuing to serve customers in-store and online, and will provide updates as available. Big Lots has said that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal product purchases, two categories the chain depends on for a significant part of its revenue. The company has also struggled with increased competition from the likes of Walmart and warehouse clubs like Walmart’s Sam’s Clubs and Costco, which have all sharpened their pricing and merchandise.
At the end of 2023, Big Lots operated nearly 1,400 stores in 48 states. A more recent store count wasn’t immediately available.
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