3 IL Big Lots Stores Slated To Close Following Latest Earnings Report

ILLINOIS — Following a disappointing earnings report for its latest quarter, discount retail chain Big Lots has announced closures of stores across the country, including three in Illinois. The Columbus, Ohio-based chain 29 stores in the state.

According to the company's store locator, the Illinois stores slated for closure are the following:

• 1608 N Larkin Ave., Crest Hill
• 340 Summit Drive, Lockport
• 7233 W Dempster St., Niles

"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 and CEO Bruce Thorn said in a statement.

Last month, Big Lots announced a net loss of $205 million for the first quarter of fiscal year 2024. In an SEC filing, the company said there is a "significant likelihood" that Big Lots won't be able to meet the terms of a credit agreement.

For now, other Big Lots stores in Illinois will remain open, including those in

• Alton
• Bourbonnais
• Burbank
• Calumet City
• Centralia
• Champaign
• Country Club Hills
• Danville
• Decatur
• East Peoria
• Elgin
• Fairview Heights
• Franklin Park
• Galesburg
• Machesney Park
• Mattoon
• Moline
• Mount Vernon
• Oakbrook Terrace
• Peoria
• Peru
• Quincy
• Round Lake Beach
• Springfield
• Wood Dale

Patch Editor Chris Dehnel contributed to this report.