(8-2-24) Big Lots, based in Columbus, Ohio, announced that 289 store closures will be happening sooon and will see a nearly 21% decrease in stores across the nation.

Eight stores will be closing in Ohio, including the one in St. Marys located at 1170 Indiana Avenue.

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Big Lots saw a net sale decrease of $114.5 million from the first quarter of 2023 to Q1 this year, federal findings show. The decrease amounts to 10.2% of the company’s net sales.

The company’s long-term debt also increased by $72.2 million from Q1 2023 to Q1 2024 — racking up a total of $573.8 million in long-term debt.

The news of the closings come after the Labor Department reported that job growth in the U.S. slowed much more than expected during July and the unemployment rate (4.3%) went higher and fears of a broader economic slowdown as reported on Friday.

Ohio (8)

  • 11372 Princeton Pike, Cincinnati
  • 9690 Colerain Ave., Cincinnati
  • 359 Miamisburg Centerville Rd., Dayton
  • 1520 N Clinton St., Defiance
  • 1170 Indiana Ave., Saint Marys
  • 410 E Perkins Ave., Sandusky
  • 4925 Jackman Rd., Ste 15, Toledo
  • 7779 Tylersville Rd., West Chester

Indiana (5)

  • 138 W Hively Ave., Elkhart
  • 3958 Illinois Rd., Fort Wayne
  • 8401 Michigan Rd., Indianapolis
  • 2136 E Markland Ave., Kokomo
  • 2806 Frontage Rd., Warsaw