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 ...

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 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’ 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.

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.

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 ...

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.

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 ...

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 ...