More Stores Closing in Illinois, Big Lots Announces Additional Four Closures
Discount furniture retailer Big Lots will close more Illinois stores than initially expected following a bankruptcy protection filing earlier this year, its website showed Friday. The Ohio-based chain, which sells furniture, home décor, and other items, filed for Chapter 11 earlier this year, citing high inflation, interest rates, and lower consumer demand on certain products as reasons for the business slump.
The chain initially announced that hundreds of stores across the country would close, including nine out of 28 stores in Illinois. The stores, located primarily in the Chicago suburbs, closed their doors earlier this fall. However, according to Big Lots’ website, four additional store closings were added to the list.
Illinois Big Lots Stores Already Closed:
- Burbank – 8148 S. Cicero Ave.
- Calumet City – 1699 River Oaks Dr.
- Centralia – 1139 W. Broadway
- Crest Hill – 1608 N. Larkin Ave.
- Elgin – 204 S. Randall Rd.
- Fairview Heights – 10850 Lincoln Trl
- Lockport – 340 Summit Dr.
- Niles – 7233 W. Dempster St.
- Oakbrook Terrace – 1714 W. 22nd St.
Illinois Big Lots Stores That Will Soon Close:
- Champaign – 2004 W. Springfield Ave.
- Country Club Hills – 4050 183rd St.
- Franklin Park – 10205 Grand Ave.
- Round Lake Beach – 200 W. Rollins Rd.
Conclusion
The additional store closures bring the total number of Illinois Big Lots locations closing to 13, out of 28 in the state. The company’s financial struggles have led to a significant number of store closures, affecting employees and customers alike. The news is yet another blow to the retail industry, which has been grappling with the challenges of inflation, online shopping, and changing consumer behavior.
Frequently Asked Questions
Q: Why is Big Lots closing stores?
A: Big Lots cited high inflation, interest rates, and lower consumer demand on certain products as reasons for the business slump, leading to its Chapter 11 bankruptcy protection filing.
Q: How many Big Lots stores are closing in Illinois?
A: A total of 13 Big Lots stores in Illinois will close, including four additional locations announced in the past week.
Q: When did Big Lots initially announce the store closings?
A: Big Lots initially announced the closings of nine out of 28 stores in Illinois in the spring. The four additional closings were recently announced.
