Jordan Valinsky
As a result, Big Lots is starting its "going out of business" sales at all remaining locations in the coming days. However, it still plans to explore other options to save the company, including negotiating with Nexus or another buyer, with the aim of completing a sale by early January. Big Lots blamed several economic factors for its bankruptcy, including high inflation and interest rates that led customers to change their purchasing behavior. They're seeking out value - but not necessarily lower costs. That's why dollar stores have been struggling while sales at Walmart and Amazon have been booming.
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Big Lots to start 'going out of business' sales at its remaining locationsBig Lots is preparing to close its remaining 963 locations after a sale to save the bankrupt retailer fell through.
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Big Lots to start holding 'Going out of Business' sales at remaining locationsBig 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.
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Big Lots to Start Going Out Of Business SalesAlex Portée is a senior trending reporter at TODAY Digital and is based in Los Angeles.
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Big Lots preparing going-out-of-business sales at all remaining locationsBig Lots announced on Thursday it would be beginning going-out-of-business (GOB) sales at all remaining locations across the United States.
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Big Lots Prepares for 'Going Out of Business' Sales After Sale Deal Falls ThroughBig Lots announced Thursday that its anticipated sale to Nexus Capital Management has fallen through. As a result, the retailer is preparing to host 'going out of business' sales at all remaining stores. However, Big Lots remains hopeful and is continuing to work towards completing an alternative transaction with Nexus or another party.
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