Strongsville Big Lots held on as long as it could as other local locations ( North Olmsted & Brunswick ) announced their pending closings earlier this year, but now the news has come down that ALL Big Lots will be closing by year end.

The location is at 15177 Pearl Rd if you would like to make one last visit while it remains open a few more days.  

“We all have worked extremely hard and have taken every step to complete a going concern sale,” Big Lots CEO Bruce Thorn said in a press release. “While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the (going out of business) process.”

Per CNN –  https://www.cnn.com/2024/12/20/business/big-lots-closures-sales/index.html

Big Lots blamed several economic factors for its bankruptcy, including high inflation and interest rates that led customers to change their purchasing behavior. They’re seeking out value — but not necessarily lower costs. That’s why dollar stores have been struggling while sales at Walmart and Amazon have been booming.

Big Lots has been closing hundreds of stores since the beginning of the year. At its peak, it had more than 1,400 locations across the United States.  Prior to filing for Chapter 11 bankruptcy protection, Big Lots warned it had “substantial doubt” about its ability to remain operational. A regulatory filing said that there’s a “significant likelihood” of a potential default on a 2022 loan that could torpedo survival efforts for the 57-year-old retailer.