Big Lots will soon begin Going Out of Business sales at remaining stores. Newsday via Getty Images Big Lots did not immediately respond to FOX Business’ questions and a request for comment on ...

In its statement announcing going-out-of-business sales, Big Lots did not give a reason why it would be unable to complete a sale to Nexus Capital Management, but Bloomberg reports that a ...

Big Lots said Thursday it does not expect to close the deal to sell itself to a private equity firm. The company will hold going-out-of-business sales at remaining stores as it looks for a new buyer.

In the Big Lots bankruptcy filing, the company listed its assets and liabilities in the range of $1 billion to $10 billion and showed creditors in the range of 5,001 to 10,000 parties.

Big Lots’ original plan was a sale to Los Angeles-based hedge fund Nexus Capital Management. And while a sale is still possible, the initial plan did not work.

National retailer Big Lots says it will begin holding going-out-of-business sales at its remaining stores because it still has not found a buyer to boost it from bankruptcy. The discount chain has ...

Big Lots filed for bankruptcy in September 2024 and is now planning for “Going out of business” sales at all 900 of its locations. Lima’s location (pictured) is at 2100 Harding Highway.

A Big Lots in San Angelo, Texas on Dec. 20, 2024. Big Lots store closings. Big Lots recently announced plans to close all of its stores after a potential sale to Nexus Capital Management fell through.

After months of working through Chapter 11 bankruptcy processes, attempted mergers and various closures, Big Lots has announced a bleak new update for the company’s future.

Big Lots, which filed for bankruptcy in September, has reached a deal to keep hundreds of its stores open.. The retailer on Friday announced a transaction with Boston-based asset liquidation firm ...

Big Lots announced it will likely not complete its purchase agreement to sell off its assets as part of a Chapter 11 bankruptcy, and is holding Going Out of Business sales now.

Big Lots is preparing to close its remaining 963 locations after a sale to save the bankrupt retailer fell through. The company previously announced it was selling “substantially all” of its ...