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Discounter Big Lots To Slow Store Expansion This Year in Face of Inflation Pressures

Chain Joins Other Retailers Seeing Sales, Profits Take a Hit
Big Lots said it will be looking to offer items at lower prices and to purchase more closeout inventory from other companies. (Big Lots)
Big Lots said it will be looking to offer items at lower prices and to purchase more closeout inventory from other companies. (Big Lots)
CoStar News
May 27, 2022 | 10:00 P.M.

Discounter Big Lots is pulling back on its store expansion this year, down to 30-plus locations from 50-plus sites, as it joins the throng of retailers that had inflation slice into first-quarter results.

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