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Big Lots Announced They Are Closing 10 Florida Locations Leaving Many Concerned

Author Babs

Times are tough and sadly many American business’s are closing down including Big Lots. “Big Lots announced they are closing 10 Florida locations leaving many concerned.” 2 of these locations are located in Bradenton which is about 30 minutes from where I live in St. Petersburg. Even though I have not shopped at Big Lots in years, this was my go to in college. I purchased everything from furniture to cleaning supplies at this store. So, why is a store like Big Lots closing locations? you will find out below.

Why Are 10 Big Lots Locations Closing In Florida?

According to the Big Lots website, 40 of there stores are set to close before the end of the year. 10 of those stores are located right here in Florida. At the locations closing, you can also save up to 20% off. Apparently sales have been dropping year after year which has brought a huge loss to the company. They are doing everything they can to avoid bankruptcy. Also last we checked the stock was trading at less than a dollar.

Some say inflation is getting better but i personally don’t see it. Many people are living paycheck to paycheck and everything is going up but our wages. There are still quite a few Big Lots locations but those could be receiving a notice at anytime. Praying for everyone employed there and hoping they find new jobs. Below are the 10 Florida Big Lots that are closing.

  • Naples – the store on East Trail listed as “closing”
  • North Fort Myers – the 13970 N Cleveland Ave is still listed as “open”
  • Port Charlotte – The store on Tamiami Trail is still listed as “open”
  • Sarasota – The location at 3750 Bee Ridge Rd is listed as “closing”. The 501 N Beneva Rd shows normal business hours.
  • Clewiston – listed as “closing”
  • Englewood – open
  • Fort Myers – 15271 Mcgregor Blvd “closing”; 4429 Cleveland Ave “open”; 4901 Palm Beach Blvd “open”
  • Venice – The location at 565 Us Hwy 41 Byp still shows normal operating hours.
  • Bonita Springs – listed as “closing”
  • Bradenton – 2 locations, the store on 7381 52nd Pl E listed as “closing”. 5584 Cortez Rd. West

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Shandra “Babs” Littleton is a member of the WiLD Squad. She’s originally from Detroit but has spent most of her “grown-up” life in Fort Myers, Florida where she graduated from Florida Gulf Coast University. Babs loves to write about everything from Tampa concerts, to WiLD murders that happened in Florida, and her favorite businesses.

Make Your Money Grow with These Low-Risk Investments

If you have some money wasting away in a savings account that doesn’t have interest, then you might want to consider making your money grow with low-risk investments. Financial experts say that certain low-risk investments can really help pad your savings.

What Are Low-Risk Investments?

Before we get into the best low-risk investments, let’s look at what exactly is a low-risk investment. The official definition is basically what you would expect from the definition of a low-risk investment. According to the financial experts at Capital.com, it’s “an investment where there is perceived to be just a slight chance of losing some or all of your money. Low risk investments offer you a security blanket as they’re not likely to suddenly drop in value.”

In contrast, according to Investopedia.com, “A high-risk investment is one for which there is either a large percentage chance of loss of capital or under-performance—or a relatively high chance of a devastating loss.” They add that, “The first of these is intuitive, if subjective: If you were told there’s a 50/50 chance that your investment will earn your expected return, you may find that quite risky.” So, for example, a 50/50 risk might not seem risky to some, but it might seem risky to others. An investment with a 99% risk will obviously seem risky to everyone. But, with high-risk investments come big payouts, so that’s what lures people in. For example, a separate article from Investopedia.com states that some high-risk investments can double your money. That’s obviously a much bigger return than you would see in your average investment. As they state, “Make no mistake, there is no guaranteed way to double your money with any investment. But there are plenty of examples of investments that doubled or more in a short period of time.”

So, if you’re interested in making a ton of money, or losing it all, high-risk investments such as investing in foreign emerging markets may be of interest to you. “A country experiencing a growing economy can be an ideal investment opportunity,” experts at Investopedia.com state. “Investors can buy government bonds, stocks, or sectors with that country experiencing hyper-growth or ETFs that represent a growing sector of stocks.” They add “spurts in economic growth in countries are rare events that, though risky, can provide investors with a slew of brand new companies to invest in to bolster personal portfolios.”

Now, let’s move onto some low-risk investments for those who don’t want to risk losing their money. Of course, talk to your financial advisor before making any of these moves.

  • Invest in certificates of deposit (CDs)

    You’ve probably heard of CDs being low-risk investments. Fidelity.com explains that “CDs provide reliable, fixed-rate returns on a lump sum of money over a fixed period of time, such as six months, one year, or five years.” They add that the great thing is that if you “get a traditional CD at a bank or credit union where they are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Association (NCUA).” Usually, CDs have a minimum deposit, and you’ll have to pay a penalty if you take your money out too soon.

    Woman putting money in piggy bank.

    Getty Images / AaronAmat

     

  • High-yield savings accounts

    High-yield savings accounts are like your regular savings account, but they earn more interest. “You can use these accounts for long-term savings goals or to hold extra money from your checking account,” CreditKarma.com states. “For example, if you want to start saving for a house or building up an emergency fund, this could be a great option.”

    Money.

    Getty Images /

  • U.S. treasury bills, notes and bonds

    Forbes.com says that right now, the risk level for U.S. treasury bills, notes and bonds is “very low.” They add that, “U.S. Treasury securities are backed by the full faith and credit of the U.S. government. Historically, the U.S. has always paid its debts, which helps to ensure that Treasurys are the lowest-risk investments you can own.”

    Coins.

    Getty Images / sommart

  • Money market funds

    Fidelity.com states that, “Money market funds are mutual funds that invest in short-term, low-risk assets like Treasury and government securities, commercial paper, or municipal debt—depending on the focus of the fund.” They add that, “Because their underlying investments are typically high quality, they are generally less volatile than other types of mutual funds, such as stock funds.”

    Coins and a plant.

    Getty Images / Khongtham

  • Fixed annuities

    Fixed annuities are a pretty safe bet. As Forbes.com explains, “Fixed annuities are a popular type of annuity contract that are frequently used for retirement planning, but can also be useful for medium-term financial goals.” They add that, “Sold by insurance companies and financial services companies, a fixed annuity guarantees a fixed rate of return over a set period of time, regardless of market conditions.”

    Cash in a cup.

    Getty Images / artisteer

     

  • Invest inside your comfort zone

    People talk about stepping outside of their comfort zone in life, but really, investing isn’t a place to do this. You know how much money you have to “play” with, so if you’re worried about putting too much money in the market, these low-risk investments could still help you make money on your money.

    Piggy bank

    Getty Images / Nattakorn-Maneerat

 

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