Discount retailer Big Lots is closing 75 stores in California, new regulatory filings show.
The 386-page submission to the Securities and Exchange Commission details the new loan terms with its lenders. Two months ago, Big Lots said it would close 150 stores, but that number has since increased to 315.
California is taking the biggest hit. By the time the last 75 stores close, it will operate just 34 locations in the state. At least 30 of the closings are in Southern California. The Ohio-based discount store chain cited the U.S. economy and “macroeconomic challenges” such as inflation that are dampening customer spending. First-quarter sales were down nearly 10%. The company, in its earnings presentation, reported a net loss of $205 million for the period.
Big Lots, which has about 1,389 stores in the United States, is the latest of several retailers to close scores of locations as sales decline.
Earlier this year, all 99 Cents Only stores closed. Many of those vacant locations in California are being converted into Dollar General after parent company Dollar Tree bought the leases in a bankruptcy sale. Here is the list of California stores that will close:
Anaheim: 1670 W. Katella Ave.
Anaheim: 6336 E. Santa Ana Canyon Road
Atascadero: 2240 The Royal Road
Atwater: 1085 Bellevue Road
Bakersfield: 1211 Olive Drive
Bakersfield: 2621 Fashion Place
Beaumont: 1482 E 2nd St.
Camarillo: 353 Carmen Drive
Canyon Country, Santa Clarita: 19331 Soledad Canyon Road
Ceres: 1611 E. Hatch Road Ste A
Chico: 1927 E. 20th St.
Chino: 12550 Central Ave.
Concord: 2060 Monument Blvd.
Corona: 740 N. Main St.
Culver City: 5587 Sepulveda Blvd.
Delano: 912 County Line Road
El Drawer (San Diego): 1085 E. Main St.
Elk Grove: 8539 Elk Grove Blvd.
Fairfield: 1500 Oliver Road
Folsom: 9500 Greenback Lane, Ste 22
Fontana: 17575 Foothill Blvd.
Freedom: (Santa Cruz): 1986 Freedom Blvd.
Fresno: 3520 W. Shaw Ave.
Fresno: 4895 E Kings Canyon Road
Fresno: 7370 N. Blackstone Ave.
Gardena: 2900 W. Rosecrans Ave.
Gilroy: 360 E. 10th St.
Hercules (Contra Costa): 1551 Sycamore Ave.
Indio: 42225 Jackson St. Ste B,
Inglewood: 3003 W. Manchester Blvd.
La Habra: 1020 W. Imperial Hwy,
The Table (San Diego): 6145 Lake Murray Blvd.
Livermore: 4484 Las Positas Road
Lodi: 380 S. Cherokee Lane ,
Lompoc: 1009 N. H St. Ste M,
Long Beach: 2238 N. Bellflower Blvd.
Los Banos (Merced): 951 W. Pacheco Blvd.
Manteca (San Joaquin): 1321 West Yosemite Ave.
Merced: 665 Fairfield Drive
Milpitas: 111 Ranch Drive
Mission Viejo: 27142 La Paz Road
Modesto 3900 Sisk Road
North Highlands: (Sacramento) 3615 Elkhorn Blvd.
Oceanside: 1702 Oceanside Blvd.
Ontario: 4430 Ontario Mills Pkwy.
Oroville: 1875 Oro Dam Blvd.
Paradise: 6646 Clark Road
Placerville: 47 Fair Lane
Rancho Santa Margarita: 30501 Flower Avenue
Redlands: 810 Tri City Center
Riverside: 2620 Canyon Springs Pkwy.
Rohnert Park (Sonoma): 565 Rohnert Park Expressway
Sacramento: 6630 Valley Hi Drive
Sacramento: 8700 La Riviera Drive
Salinas: 370 Northridge Mall
San Bernardino: 499 W. Orange Show Road
Santa Clara: 3735 The Royal Road
Santa Maria: (Costa central) 1417 S Broadway,
Santa Paula (Ventura): 568 W. Main St. Ste B,
Santa Rosa: 2055 Mendocino Ave.
Simi Valley: 1189 Simi Town Center Way,
Spring Valley (San Diego): 633 Sweetwater Road
Stockton: 2720 Country Club Blvd.
Temecula: 27411 Ynez Road
Torrance: 955 Sepulveda Blvd.
Tracy: 2681 N. Tracy Blvd.
Turlock: 1840 Countryside Drive
Ukiah: 225 Orchard Plaza
Vacaville: 818 Alamo Drive
Victorville: 14790 La Paz Drive
Visalia: 2525 S. Mooney Blvd.
Whittier: 13241 Whittier Blvd.
Woodland (Yolo): 52 W Court St.
Yuba City (Sutter): 1320 Franklin Road
Yucca Valley: 56865 29 Palms Hwy.
Original story in San Gabriel Valley Tribune:
Originally Published: August 9, 2024 at 11:47 a.m.
