 Big Lots said it plans to shut down 35 to 40 stores this year as it battles worsening financials and a tough consumer market. The discount retailer added it will only open three new stores this year. The retailer, like many others, has grappled with declining sales amid rising prices and a downturn in consumer spending. According to the financial disclosure, sales dropped roughly 10% between the first quarters of 2023 and 2024.