Big Lots Closing PA Stores As Retailer Goes Under

PENNSYLVANIA — Big Lots is beginning a going out of business sale as the discount retailer's attempts to find a buyer in bankruptcy have fallen though.

Big Lots announced Thursday that it has not completed its previously announced purchase agreement with Nexus Capital Management, though it continues to attempt to finalize an agreement with Nexus or find another buyer.

"We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots CEO Bruce Thorn said in a statement. "While we remain hopeful that we can close an
alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process."

Big Lots said it continues to serve customers in-store and online, and will provide updates as available.

Founded in 1967, the company operated in its infancy as Consolidated International and operated closeout and discount stores under a variety of names. In 2001, the various store names and company were converted to the single national Big Lots brand.

• Allentown
• Altoona
• Belle Vernon
• Bethlehem
• Bloomsburg
• Boyertown
• Bradford
• Bridgeville
• Burnham
• Butler
• Camp Hill
• Chambersburg
• Clearfield
• Cleona
• Du Bois
• Dunmore
• East Stroudsburg
• Ebensburg
• Ephrata
• Erie
• Eynon
• Fairless Hills
• Frackville
• Franklin
• Greensburg
• Hanover
• Harrisburg
• Hermitage
• Hummelstown
• Indiana
• Johnstown
• Kittanning
• Lancaster
• Lansdale
• Latrobe
• Leechburg
• Lehighton
• Lewisburg
• Luzerne
• Meadville
• Mount Pleasant
• Muncy
• Natrona Heights
• New Castle
• Norristown
• North Versailles
• Philadelphia
• Phoenixville