Big Lots closing 19 stores in NY, NJ, CT. Here's where

More consumers choosing to buy now, pay later

You've heard of 'Buy Now, Pay Later' for big ticket items like electronics and appliances, but reports are showing Americans using it for basic necessities like groceries.

NEW YORK - Up to 315 Big Lots locations could be facing potential closure, a Securities & Exchange Commission filing from Friday indicated.

The company disclosed in the filing that it had upped the number of permitted store closings to a maximum of 315 as part of late July amendments to a credit agreement and term loan facility. That marked a 165-store increase from the 150 closings previously permitted.

Why is Big Lots closing stores?

"Big Lots continues to provide incredible value and remarkable discoveries for our customers as we execute a clear plan to build a stronger business. These efforts include taking decisive actions to operate efficiently and reviewing our store footprint on an ongoing basis to make sure we're best positioned to serve our customers and our business," a Big Lots spokesperson told FOX Business.

A sign is posted in front of a Big Lots retail store on August 28, 2020 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)

"While the majority of our stores are profitable, we have made the difficult decision to close certain underperforming stores. We are confident that the steps we are taking will best position the company for the future as we return to our roots, focus on owning the bargain space, and deliver unmistakable value to our customers."

Big Lots had indicated earlier in the summer that this year had 35 to 40 closures and three openings expected. At the same time, it flagged "substantial doubt about the Company’s ability to continue" amid an inflation-related pullback in its shoppers’ spending, as previously reported by FOX Business.

Big Lots stores closing in New York, New Jersey and Connecticut:

Here are the Big Lots stores in New York, New Jersey and Connecticut that could be closing.

New York

2276 Delaware Ave., Buffalo
698 S Ogden St., Buffalo
4406 State Route 5 & 20, Ste 129, Canandaigua
260 Voice Rd., Carle Place
231 Centereach Mall, Centereach
2309 N Triphammer Rd., Ithaca
4645 Commercial Dr., New Hartford
316 Cornelia St., Plattsburgh
43 Burnett Blvd., Poughkeepsie
751 Upper Glen St., Ste 2, Queensbury

New Jersey

471 Green St., Woodbridge

Connecticut

1470 Pleasant Valley Rd., Manchester
56 Turnpike Sq., Milford
3105 Berlin Tpke., Newington
42 Town St., Ste 1200, Norwich
1931 E Main St., Torrington
650 Wolcott St., Waterbury
40 Boston Post Rd., Waterford
560 Windsor Ave., Windsor