Big Lots closing dozens of stores across California. Here is the full list

Big Lots closing dozens of California stores

Big Lots is closing more than 50 stores across California after quarterly losses in back-to-back years.

LOS ANGELES - Retail giant Big Lots is reportedly closing dozens of stores across California.

In June, the company reported a net loss of $205.0 million for the first quarter of their fiscal year which ended May 4, 2024.

According to the company, net sales for the first quarter of fiscal 2024 totaled $1.009 billion, a 10.2% decrease compared to $1.124 billion for the same period last year.

The company blamed the decline on a "challenging consumer environment."

Carle Place, N.Y.: The Big Lots store in Carle Place, New York on July 23, 2024. This location is one of the Big Lots locations that is closing. (Photo by Howard Schnapp/Newsday RM via Getty Images)

"While we made substantial progress on improving our business operations in Q1, we missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items. We remain focused on managing through the current economic cycle by controlling the controllables. As we move forward, we're taking aggressive actions to drive positive comp sales growth in the latter part of the year and into 2025, and to maintain year-over-year gross margin rate improvements, all driven by progress on our five key actions," President and CEO of Big Lots Bruce Thorn said in June.