By: Eye On Inglewood Staff Writer,
Eye On Inglewood
August 9, 2024
Inglewood, CA – In a significant move affecting shoppers and employees alike, Big Lots, the Columbus-based discount retailer, announced it will shutter 75 stores across California, including its popular Inglewood location. This decision is part of a strategic restructuring aimed at realigning the company's focus towards more profitable ventures and enhancing long-term growth.
The Inglewood store, Located on the corner of Manchester and Crenshaw , has long been a staple for local residents seeking affordable furniture, home décor, and everyday essentials. The impending closure, scheduled for the end of this fiscal quarter, will leave many loyal customers searching for new shopping alternatives.
"We regret the impact this decision will have on our devoted customers and valued employees," said Bruce Thorn, President, and CEO of Big Lots. "This tough decision was not made lightly but is necessary to position our company for sustainable success and support our remaining stores nationwide."
Employees at the Inglewood location, who were informed of the closure earlier this week, will be offered severance packages and outplacement services to assist in their transition. The company has yet to disclose the exact number of workers affected but has emphasized its commitment to ensuring a smooth and supportive process for all team members.
Local residents have expressed disappointment and concern over the closure. "I've been shopping at this Big Lots for years," said Maria Gonzalez, an Inglewood resident. "It's going to be tough to find another store where I can get the same value and variety."
Economic analysts observe that Big Lots' decision reflects broader challenges faced by brick-and-mortar retailers in the age of e-commerce and shifting consumer behaviors. With increasing overhead costs and a competitive retail landscape, many traditional retailers are reevaluating their physical footprints.
However, the company remains optimistic about its future. "While closing these stores was a difficult but necessary step, we are confident that it will enable us to better serve our customers through our remaining locations and online offerings," Thorn added.
As Big Lots winds down operations at its Inglewood store, local shoppers will have the opportunity to take advantage of clearance sales and discounts in the coming weeks. The store's final day of operation has yet to be confirmed but is expected by the end of the quarter.
Community members and stakeholders now look towards what future developments might fill the soon-to-be-vacated retail space, hoping for positive economic resurgence in what has been a challenging period for local businesses.
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