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Columbus, Ohio — Discount retailer Big Lots plans to close 35 to 40 stores this year, according to an SEC filing submitted by the company. Big Lots saw a 10.2 percent year-over-year decrease in net sales in the first quarter of 2024. In addition to the closures, the company announced plans to open three stores this year, though the filing cites “substantial doubt about the company’s ability to continue.” In a June press release, the retailer attributed declining sales to a “challenging consumer environment.”