Big Lots To Close Concord Store On Monument Blvd. - CLAYCORD.com (2024)

Local News

by CLAYCORD.com

25 comments

Big Lots announced the closure of 40 stores throughout the United States, including the ones in Concord and Fairfield.

The stores will shut down within a matter of weeks.

The company said inflation, cost of goods, and competitive and economic pressures led to “substantial doubt” of their store operations.

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25 comments

domoJuly 22, 2024 - 7:17 PM - 7:17 PM

No surprise….every time I went there – there were very few shoppers ….take that and the theft – there gone!

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Original GJuly 22, 2024 - 7:44 PM - 7:44 PM

With family budgets stretched so thin there is very little or no discretionary income available to spend. Expect more business closings of businesses that rely on discretionary spending.

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Badge1104July 23, 2024 - 8:46 PM - 8:46 PM

Yup.. Bidenomics has seen the average person’s expenses go up almost 30% in the last 4 years! We’re sure feeling the pinch!

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THE BLACK KNIGHTJuly 22, 2024 - 9:29 PM - 9:29 PM

Unfortunately, another retail store bites the dust.

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bobbyhopefulJuly 23, 2024 - 12:45 AM - 12:45 AM

I was wondering when that might happen. 😶

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MikeJuly 23, 2024 - 12:50 AM - 12:50 AM

I used to shop there often, but hadn’t for a long time. Stopped by in 2023 and was shocked to see how expensive everything was. Same prices I would pay anywhere else. Never went back.

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DawgJuly 23, 2024 - 1:40 AM - 1:40 AM

They must have lost a fortune on stolen shopping carts, I see them all over, and it’s mostly the homeless pushing them around filled with all their belongings.

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The Old GoatJuly 23, 2024 - 4:29 AM - 4:29 AM

First it was the ninety-nine cent store, now Big Lots. Lotta bargains in those places, if you’re willing to look. Best ginger snaps in town.

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LouJuly 23, 2024 - 5:00 AM - 5:00 AM

The economy is going great, just ask Joe.

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Mac N CheeseJuly 23, 2024 - 10:28 AM - 10:28 AM

It’s working 👍

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Concord GuyJuly 23, 2024 - 11:46 AM - 11:46 AM

The economy is doing just fine. Just look at the data.

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Narrator:July 23, 2024 - 12:25 PM - 12:25 PM

The economy is not doing just fine and the data has been manipulated.

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Badge1104July 23, 2024 - 8:50 PM - 8:50 PM

You’re right… when Big Lots, and 99 Cent Stores can’t make it, it shows that even the bottom rung stores don’t have the business they need because the public is hurting economically and can’t even afford to shop at the cheap places.

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CryingJuly 23, 2024 - 8:33 AM - 8:33 AM

SO SO sorry to hear this! It’s been my favorite go-to store for years!! Absolutely love it and can always find what I want or need!!!

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Concord GuyJuly 23, 2024 - 9:10 AM - 9:10 AM

Never have been there.

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whenwilltheylearn.July 25, 2024 - 5:26 AM - 5:26 AM

Then you’re not a Concord guy.

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JasakaJuly 23, 2024 - 9:32 AM - 9:32 AM

I had not been there in a while. I went in there this past weekend and found that aside from their bigger ticket items like furniture, there was a lot of dollar store quality items priced at $7-10. No wonder they are closing stores.

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WC---CreekerJuly 23, 2024 - 11:16 AM - 11:16 AM

In it’s its filing, Big Lots pointed to declining revenue due to a drop in net sales, along with prolonged sales slides across Big Lots’ home furnishings division. The pullback in consumer spending amidst inflation hit hard in the first three months of 2024 and shadows expectations for the year. But the media tells us the economy is doing well? I guess they told us the president was doing well but then everyone saw it differently recently.

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Hanne JeppesenJuly 23, 2024 - 11:58 AM - 11:58 AM

I would go there just every 3 month or so. I shop a lot of discount stores, I go to Grocery Outlet at least once a week, also Dollar Tree. However, I found a few things at big lots that had favorable prices. Laundry detergent, and Dr. Teals Espsom salt product, bath salt, foot cream ect. Also found some nice and attractive non prescription glasses for about $8.00. They are a little out of the way so that is why I only go every few months. Also some of the stuff I can get at other stores, the Epsom salt, often DollarTree have it, or CVS there own brand often on sale, and I always have some CVS coupons. At times at Big Lot’s I find something that I didn’t see at other stores. However, since I only go every few months, not a big loss.

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JustMeJuly 23, 2024 - 12:10 PM - 12:10 PM

This chain is having trouble staying afloat. Apparently another 89 of their stores posted closure notices today.

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MikeJuly 23, 2024 - 12:45 PM - 12:45 PM

That place has always been run down. Unkempt , dirty, not enough employees, and prices were really not anything different than what you’d pay at Target. No surprise there.. plus the Monument corridor has such a bad reputation. It really needs a makeover.

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Well FolksJuly 23, 2024 - 12:52 PM - 12:52 PM

I read an article that said more than likely they will file bankruptcy by the end of the year. The inventory at my local Big Lots is sparse at best and when I first moved here it had better stuff than the on in Concord or othe bay area locations
When you can get items cheaper on-line than at places like Big Lots, Walmart, Target etc closures will happen.
Was in Kohls today and they wanted $27 for a mini waffle maker that I got on-line for $11 a couple of months ago.

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Martinez GuyJuly 23, 2024 - 8:00 PM - 8:00 PM

Only good thing about Big Lots was that they were close to El Faro!

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inmotionJuly 24, 2024 - 9:47 AM - 9:47 AM

Point the accusatory finger at Amazon.

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DawgJuly 24, 2024 - 1:41 PM - 1:41 PM

Point the accusatory finger at the people who order from Amazon.

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Big Lots To Close Concord Store On Monument Blvd. - CLAYCORD.com (2024)

FAQs

Are Big Lots closing stores in 2024? ›

Big Lots closing dozens of California stores

LOS ANGELES - Retail giant Big Lots is reportedly closing dozens of stores across California. In June, the company reported a net loss of $205.0 million for the first quarter of their fiscal year which ended May 4, 2024.

Is Big Lots leaving California? ›

Discount retail chain Big Lots will be shutting down over 50 stores in California, including 15 in Southern California.

Who owns Big Lots? ›

Big Lots (BIG) Ownership Overview

The ownership structure of Big Lots (BIG) stock is a mix of institutional, retail and individual investors. Approximately 38.60% of the company's stock is owned by Institutional Investors, 26.22% is owned by Insiders and 35.17% is owned by Public Companies and Individual Investors.

What store did Big Lots buyout? ›

Shortly afterward, Melville purchased Revco and folded it into the CVS Pharmacy chain on its way to becoming CVS Health, making the "Odd Lots" dispute moot. In 1998, Big Lots Inc. bought out 'MacFrugals' (Pic 'N' Save) stores for $995 million in stock, converting them to the Big Lots brand.

Why are Big Lots going out of business? ›

We missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high ticket discretionary items,” Big Lots President Bruce Thorn said in a statement. “We remain focused on managing through the current economic cycle by controlling the controllables.”

How many Big Lots are left in the US? ›

Big Lots currently has 1,389 locations across 48 states (only Alaska and Hawaii are without stores).

Is Big Lots in trouble financially? ›

Big Lots remains in a precarious financial position as it is still making huge losses and is burning through cash.” Still, the company's ability to deliver on its turnaround initiatives will likely determine its future, Neil Saunders, managing director of GlobalData, said in emailed comments to Retail Dive.

Why did Big Lots change their name? ›

They changed their name to Big Lots after a dispute with Revco who also owned stores with a similar name. But Big Lots did purchase the pic n save stores 00's They also purchased Broyhill after that.

How many Big Lots are there in California? ›

109 Big Lots Locations

City, State/Province, Zip or City & Country Submit a search. Use My Current Location.

What is the future of Big Lots? ›

Big Lots also expects to open three stores, according to the filing. During the first quarter of 2024, the company reported $1 billion in sales, a 10.2% decrease compared to the same period last year.

How much debt does Big Lots have? ›

According to Big Lots 's latest financial reports the company's total debt is $2.37 B.

Where does Big Lots get its merchandise? ›

“A large percentage of Big Lots' inventory comes from after-season overstock and discontinued products from retailers and manufacturers,” explains Brent Shelton, of deals website FatWallet. Take a look at what to expect -- and how to save even more -- on your first or next visit to Big Lots.

Is Big Lots going out of business in Texas? ›

Some states appear to be spared closures. As of Friday afternoon, none of the 116 Texas locations were marked as closing, according to the Big Lots website.

Are all Big Lots closing in Colorado? ›

Big Lots, known for selling furniture, home décor, kitchenware and more, will shutter eight of its 14 locations in the state and more than 300 locations nationwide. According to Big Lots' website, stores are scheduled to close in Aurora, Colorado Springs, Grand Junction, Greeley, Littleton and Longmont.

What Big Lots are closing in Michigan? ›

Big Lots to close 11 stores in Michigan, nearly 300 in U.S. Is your local store on the list?
  • 750 Perry Ave., Big Rapids.
  • 373 N Willowbrook Rd., Coldwater.
  • 2353 N Park Dr., Holland.
  • 3669 E. ...
  • 4254 28th St. ...
  • 5625 W Saginaw Hwy, Unit 1, Lansing.
  • 32399 John R Rd., Madison Heights.
  • 2020 Grand River Ave., Okemos.
Aug 5, 2024

Is Big Lots closing in Ohio? ›

Big Lots reported 1,392 operating stores across the nation at the start of 2024, down from 1,425 in the first quarter of 2023. The retailer has more than 100 locations in Ohio, none of which are marked online as closing.

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