Big Lots preparing going-out-of-business sales at all remaining locations

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The company said it would continue to try to make an alternative agreement work with Nexus or “another party.”Big Lots' President and CEO, Bruce Thorn, said, “We all have worked extremely hard and have taken every step to complete a going concern sale. 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.

Avery Meurer is a Content Gatherer for KSAT 12. She graduated from the University of Texas at Austin with a Bachelor of Science in Communications/Radio, Television and Film, as well as a Creative Writing Certificate. A native San Antonian, Avery attended the Northeast School of the Arts majoring in musical theater and creative writing.Get ready for Insider Deals that offer great savings on gift ideas, home essentials and hair care products.

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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 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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Big Lots to Begin 'Going Out of Business' Sales After Bankruptcy FilingBig Lots, a discount retailer, will start 'going out of business' sales at its remaining stores. This comes after the company filed for bankruptcy and failed to complete a sale to Nexus Capital Management. Big Lots CEO Bruce Thorn stated that the company is still pursuing other sale options and hopes to finalize a deal by January.
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Big Lots Prepares for 'Going Out of Business' Sales After Sale Falls ThroughBig Lots, facing the collapse of its sale to Nexus Capital Management, is preparing to shut down all its remaining stores. The company will initiate 'going out of business' sales.
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