FINANCIAL issues will cause one of a major discount retailer's stores to close in just days.
To save money, consumers might turn often to discount grocery chain Save A Lot.
However, shoppers in Waterville, Maine will be losing a store of the brand.
The location will close permanently, as Zak Sclar, the company's chief executive officer has blamed financial concerns and rent increases.
"It hasn't been financially sound for years," he told BestLife.
"We just couldn't get enough support in the downtown. We tried."
READ MORE ON DISCOUNT STORES
Sclar added that the location that's 20 miles north of Augusta, was "kept open many years longer" than it should have.
In addition, the 12 staffers who worked at the store will be offered new roles, according to Sclar.
The move comes after a Save A Lot store in East St. Louis, Illinois, closed on April 20 after eight years of business.
A spokesperson for Save A Lot confirmed to The U.S. Sun that the Waterville location will be closing on Thursday, June 1.
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OTHER WAYS TO ENJOY SAVE A LOT
Luckily for fans of Save A Lot – the chain isn't going out of business for good.
If you prefer in-person shopping, you can enter your zip code on Save A Lot's store finder tool to find the nearest location near you.
One of the best ways to save money is by checking the coupons that are offered at your store.
If there is an offer available make sure to print it out and present it at checkout in store.
To get the latest updates on deals and coupons, make sure to sign up for its promotional emails.
Also, shoppers can order their items online through Instacart.
But keep in mind that you will likely be subject to delivery surcharges.
As of May 4, Save A Lot has more than 840 stores, according to data company ScrapeHero.
MORE STORE CLOSURES
Save A Lot isn't the only store that has been closing stores.
In fact, even the world's largest retailer, Walmart, has been closing stores.
The department store chain, which sells groceries, shut down at least 10 stores in April alone.
This includes four in Chicago, Illinois, as the company has failed in that market in general.
"The simplest explanation is that collectively our Chicago stores have not been profitable since we opened the first one nearly 17 years ago," Walmart said in a statement.
"These stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years."
The U.S. Sun has more coverage on the other six Walmart locations that closed down in April.
Also, a Walmart Neighborhood Market in Overland Park, Kansas will close on June 2.
Walmart told The U.S. Sun that the store is scheduled to shut down due to underperformance.
Also, Walmart's rival Target closed four stores in May.
And many retailers that don't sell groceries have been hit harder.
For example, Tuesday Morning is shuttering all stores after the discount brand filed for Chapter 11 bankruptcy.
Read More on The US Sun
Plus, Bed Bath & Beyond plans to close all remaining stores nationwide by June 30 – unless it can find a buyer.
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