Business & Tech
Big Lots Is Planning 'Going Out Of Business' Sales At All Of Its Stores
"We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots CEO Bruce Thorn said.
December 20, 2024
The bankrupt discount retailer said Thursday that Big Lots is preparing to close all of its stores.
Find out what's happening in Nashuafor free with the latest updates from Patch.
According to Big Lots, the company had previously planned to sell its assets to private equity firm Nexus Capital Management, but that deal is no longer expected to proceed. Although the company continues to negotiate with Nexus and explore other strategic alternatives, it now plans to shutter all of its locations and host "going out of business" sales at all stores.
Big Lots, which is based in Columbus, Ohio, and operates more than 900 locations across the U.S., sells furniture, lawn and garden, apparel, health and beauty, and other consumer goods. Big Lots appeal to deal seekers, billing itself as a place that delivers "bargains to brag about on everything for the home, including furniture, décor, pantry and more."
Find out what's happening in Nashuafor free with the latest updates from Patch.
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