Big Lots is Closing Over 40 Stores, 12 in Arizona

• Big Lots is planning to close stores across the nation
• A number of stores will close in Arizona
• Big Lots is closing stores in response to economic challenges and rising inflation

Another retailer is struggling under the weight of inflation and the change in consumer buying habits. The discount retailer Big Lots is facing tough times.

The chain is a treasure trove of unexpected finds. You'll run across quirky home decor, budget-friendly snacks, and gizmos for your home or office. The discount chain recently announced plans to close stores across the U.S.

READ: Red Lobsters Abruptly Closing. How Many in Arizona?

As the economy struggles, discount chains usually see a spike in shoppers. Why are things different?

Why are Big Lots Stores Closing?

Big Lots is pointing to inflation and competition challenges as the main factors influencing its decision to close stores. Rising prices and fierce competition from online retailers, coupled with a shift in consumers' spending, are factors making it challenging to keep their doors open.

Get our free mobile app

The company expects to close a total of 35 to 40 stores this year, with plans to open three new stores.

READ: Huge Discount Chain Closing Stores: How Many in Arizona?

How Many Big Lots Stores Will Close in Arizona?

Big Lots announced they will shutter twelve locations in Arizona. Here’s the planned list of the stores that will be affected:

1. Flagstaff: 1416 E. Route 66
2. Glendale: 17510 N. 75th Ave.
3. Laveen: 3630 W. Baseline Road
4. Mesa: 6839 E. Main St. and 2840 E. Main St.
5. Phoenix: 2020 N. 75th Ave.
6. Phoenix: 230 E. Bell Road
7. Phoenix: 2330 W. Bethany Home Road
8. Phoenix: 4835 E. Ray Road
9. Phoenix: 4727 E. Bell Road.
10. Peoria: 24760 N. Lake Pleasant Parkway
11. Scottsdale: 10220 N. 90th St.
12. Tucson: 4525 N. Oracle Road

Sources: Big Lots! | AZ Central | USA Today | Business Insider | Fast Company