19. Big Lots

How Many Stores Closing: 7

Current Value of the Business: $261.72 million*

Big Lots, a prominent discount retailer, is undergoing a comprehensive transformation. Aware of its target clientele and successful strategies, it plans to leave urban settings for smaller, rural locations in an effort to renew its market presence.

In 2023, Big Lots proceeded to close seven of its stores, with four in Colorado and three in California, aiming for a strategic reset. Facing ongoing challenges in profitability, the company is optimistic that this shift in focus will herald a significant turnaround by the fourth quarter.