Discount retailer to close hundreds of stores. See if MS Coast’s 4 locations are on the list
Big Lots is getting a little smaller.
The discount chain announced it would close about 25% of its stores. The MS Coast is home to four Big Lots locations: D’Iberville, Gulfport, Ocean Springs and Pascagoula.
In a quarterly report filed with the Securities and Exchange Commission in May, the company said it “incurred net losses and used cash in operating activities in 2022, 2023, and the first quarter of 2024.”
To balance the losses, Big Lots officials said the chain would close up to 315 of its 1,392 locations.
“In 2024, we currently expect to open 3 stores and close 35 to 40 stores,” stated the quarterly report.
While the document said downsizing would start with up to 40 closings this year, the Big Lots website shed some light on which locations would shut their doors. The location pages of 300 Big Lots stores now have banners announcing their impending closings and a 20% discount on merchandise.
Will Mississippi locations close?
Some states fared better than others. While none of Mississippi’s 12 locations are included in the closings, 75 of California’s 109 locations will soon be gone. Under the Pic ‘N’ Save moniker, the chain had a long history in California.
The chain was founded in Ohio in 1967. Its first store opened in Columbus and was called Odd Lots. All five Columbus stores will remain open, but the state will lose eight locations elsewhere.
