HOME BLOG

Colorado losing another Big Lots location

Sep 24, 2024, 2:46 PM | Updated: Sep 25, 2024, 10:25 am

Credit: Jim Lawson...

Credit: Jim Lawson

Another Big Lots location in Colorado is set to close as the company faces significant financial challenges, including substantial debt and declining sales across the country.

In August, the company announced the closure of over 300 stores. Since that announcement, Big Lots has filed for Chapter 11 bankruptcy and has expanded its list of closures.

The latest addition to the list of closures includes the Westminster location, reducing the number of Big Lots stores in Colorado to just five, down from a previous total of 14.

The stores that remain operational are situated in Pueblo, Aurora, Brighton, Lakewood, and Wheat Ridge.

Despite the company stating that “the majority” of its stores have been profitable, net sales fell by $114.5 million in the first quarter of 2024, while debt rose to $573.8 million during the same period.

Big Lots has attributed the decline in customer shopping levels to high inflation and interest rates.

Denver ranks high on list where it’s hard to pay off a mortgage

Bear cub gets inside Aspen Middle School cafeteria

 

Home Blog

Dustin Nickerson...

Jenny D

Dustin Nickerson | Jenny’s Real Funny Friends

Is Seattle really one of the best cities for Valentine’s Day? Does it really beat Denver? Real talk with Dustin Nickerson! Catch him at Comedy Works on Friday and Saturday. […]

1 day ago

Totally Trivial Trivia...

Jenny D

34% of Americans plan to do this during the Super Bowl?

Congrats to Marguerite of #Denver you won a pair of FRONT ROW tickets #CirqueDoSoleilECHO

1 day ago

(Photo by London Express/Getty Images)...

Steve Marshall

Americans favorite movies are?

Americans have spoken and apparently our Top 5 favorite movies are: 1.  “Forrest Gump”, 17% 2.  “The Wizard of Oz”, 15% 3.  “Titanic”, 15% 4.  “The Lion King”, 15% 5.  “Dirty Dancing”, 14% Americans also […]

1 day ago

Goldens in Golden event Saturday...

Sarah Baines

Thousands of golden retrievers prepare to head to Golden Saturday

One of the biggest weekends for the city “Where the West Lives” is set for Saturday. The annual tradition, dubbed “Goldens in Golden,” celebrates golden retrievers and aims to create […]

2 days ago

(Photo by Slaven Vlasic/Getty Images for The American Heart Association)...

Tammy Oakland

Celebrate National Wear Red Day and Support Heart Health!

Just a heads up for tomorrow morning—be sure to grab something red from your closet for work. Tomorrow, Friday, Feb 7th, is National Wear Red Day, a key part of […]

2 days ago

Eggs...

Shawn Patrick

Specialty grocers like Whole Foods, Sprouts have cheapest eggs in Denver

Eggs are historically expensive in Colorado, but the places with the cheapest eggs in town are actually the stores that are normally the priciest. When you think of specialty grocery […]

2 days ago

Colorado losing another Big Lots location