Big Lots to close more than half of Colorado locations
Discount retailer Big Lots Inc. (NYSE: BIG) will close more than half of its remaining Colorado stores, including locations in Greeley and Longmont.
The Columbus, Ohio-based company is closing almost 300 stores nationwide, including at least eight of its 14 locations in Colorado.
Colorado closures include:
- 6626 S. Parker Road, Aurora.
- 1990 S. Academy Blvd., Colorado Springs.
- 2975 New Center Point, Colorado Springs.
- 5085 N. Academy Blvd., Colorado Springs.
- 2401 North Ave., Grand Junction.
- 2628 11th Ave., Greeley.
- 8100 W. Crestline Ave., Littleton.
- 2151 Main St., Longmont.
Big Lots, headquartered in Columbus, Ohio, operates additional locations in Aurora, Brighton, Lakewood, Pueblo and Westminster and Wheat Ridge.
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The company is offering discounts of up to 20%, with some exceptions.
The closures come a year and a half after Big Lots shuttered locations in Fort Collins, Arvada, Denver and Englewood.
Big Lots reported a net loss of $205 million for the first quarter ended May 4, or $6.99 per share. Net sales for the quarter totaled just more than $1 billion, down 10.2% from $1.12 billion in the same period last year.
The company attributed the loss and decline in sales to a pullback of consumer spending.
Discount retailer Big Lots Inc. (NYSE: BIG) will close more than half of its remaining Colorado stores, including locations in Greeley and Longmont.
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