Big Lots Closing More Stores in the Coming Weeks—Here's Where
William Taylor
Updated on February 23, 2026
In today's economic climate, many of us are shopping at discount stores more than ever. But consumers aren't the only ones at war with inflation; bargain retailers are struggling to stay afloat as well.
Dollar Tree recently announced it would be downsizing, and consequently, closing and/or rebranding some of its Family Dollar locations. Meanwhile, Big Lots has been steadily terminating many of its locations across the U.S. for nearly a year now.
RELATED: 11 Secrets Big Lots Doesn't Want You to Know.
According to The U.S. Sun, Big Lots has closed at least 50 locations in 2023. And it appears that number isn't slowing down anytime soon, as storefronts in New York, North Carolina, and Illinois are expected to turn off their lights indefinitely come 2024. The news comes on the heels of the store's newly appointed leadership team and rollout of a "multi-year strategic plan."
"As we continue to make progress on the five key actions supporting our multi-year strategic plan, which includes improving store relevance and increasing our assortment of extreme bargains, it was important to us to find leaders for these positions that have extensive experience and proven track records in the world of off-price retail," Bruce Thorn, Big Lots president and CEO, said in a Nov. 30 press release.
"Improvement in stores execution is critical to increasing store relevance and overall performance," he added.
Joining Thorn is Kristen Cox as senior vice president, chief stores officer and Seth Marks, who will take on the role of senior vice president of extreme value sourcing.
In the interim, Big Lots will be closing locations in Colonie, New York; Asheville, North Carolina; and Peoria, Illinois. The Colonie store, which services customers surrounding the downtown Albany area, is facing final liquidation sales.
"Consistent with standard retail practices, we review our store footprint on an ongoing basis to make sure we're best positioned to serve our customers and our business," a spokesperson told local ABC affiliate WTEN. "Sometimes this process results in store closings or relocations."
Both the Asheville and Peoria locations are expected to close for good by the end of the year, and customers are encouraged to begin shopping at other nearby Big Lots locations.
RELATED:For more up-to-date information, sign up for our daily newsletter.
Emily Weaver Emily is a NYC-based freelance entertainment and lifestyle writer — though, she’ll never pass up the opportunity to talk about women’s health and sports (she thrives during the Olympics).Read moreFiled UnderNews • RetailRead This NextRite Aid Is Closing 34 More Locations
The drugstore chain just released plans to shutter stores across 12 states.December 6, 2023Chase Is Closing Another 23 Branches—Here's Where
The shutterings will affect locations of the financial institution from coast to coast.November 29, 2023T.J. Maxx and Marshalls Are Closing Stores
Additional closures will continue through early next year.November 3, 2023Staples and Office Depot Are Closing Locations
Closures will continue through the fall, with several locations shuttering in November.October 6, 2023Target Closing Stores Due to Theft
The retailer has announced plans to shut down nine locations in October.September 27, 2023The Smart Man's Guide to Spotting Counterfeit Wine
That $2,000 bottle of Bourdeaux might be worth $20. Here’s how to be sure it’s the real thing.April 13, 2017The 5 Best Light-Bodied Red Wines for Extending Your Summer
Don't let September ruin a killer party. August 25, 201717 Insanely Cool New Luxury Bicycles for Spring
Meet the bikes that cost more than a car.March 31, 2017Best Life Essentials
You deserve the best. Live life to the fullest with these ultimate essentials.October 21, 2016This Is the Safest Way to Store Meat
Don't let that filet set you up for food poisoning. February 7, 2018
