TRUSSVILLE, Ala. (Trussville Tribune) -- The shelves lay bare inside Trussville’s local Big Lots store, which officially closed this week.
The Trussville Big Lots joins hundreds of other locations to close or announce closures this year.
According to Big Lots, the chain totaled 1,392 stores in the United States at the end of the 2023 fiscal year. Now, the company’s website only lists 966 locations.
In September, the chain filed for bankruptcy ahead of its sale to investment firm Nexus Capital Management.
“Like many other retail businesses, the Company has been adversely affected by recent macroeconomic factors such as high inflation and interest rates that are beyond its control,” a press release from the company announcing the sale read.
“The prevailing economic trends have been particularly challenging to Big Lots, as its core customers curbed their discretionary spending on the home and seasonal product categories that represent a significant portion of the Company’s revenue.”