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erienewsnow.com 12 Jan, 2022 15:45 am

Big Lots is opening 500 stores - Erie News Now

Big Lots is opening 500 stores - Erie News Now
By Nathaniel Meyersohn, CNN Business

News Big Lots is opening 500 stores Wednesday, January 12th 2022, 6:44 AM EST By Nathaniel Meyersohn, CNN Business Big Lots is betting shoppers will still want to buy cheap couches and pillows in person for years to come.Big Lots will open around 50 new stores in 2022 and then 80 or so annually.Big Lots currently has some 1,400 stores in 47 states." Big Lots was deemed an essential retailer early in the pandemic because it sells food and household staples, which allowed it to stay open while other furniture chains closed due to Covid-19 restrictions.

In 2020, Big Lots' comparable sales increased 16.But the company struggled last year, as Big Lots' comparable sales dropped 4.

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