Big Lots Prepares for 'Going Out of Business' Sales After Sale Falls Through

  • 📰 FOX10News
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Business Nieuws

Big Lots,Going Out Of Business,Retail

Big 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.

Big Lots is preparing to go out of business.Thursday, the retailer announced that its anticipated sale to Nexus Capital Management fell through. In response, Big Lots said it is preparing to host “going out of business” sales at all remaining stores. However, Big Lots said it remains hopeful and is continuing to work toward “completing an alternative going concern transaction with Nexus or another party.

”“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,” said Bruce Thorn, Big Lots' President and Chief Executive Officer. Big Lots said it is continuing to serve customers in stores and online for now and will provide further updates as they become available

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 581. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: wsfa12news - 🏆 338. / 59 Lees verder »

Ollie's Bargain Outlet Continues Expansion with Acquisition of Big Lots LocationsOllie's Bargain Outlet is expanding its footprint with the acquisition of more Big Lots locations. This move comes as Big Lots faces bankruptcy and closures. Ollie's has strategically acquired stores that align with its business model and target market.
Bron: BestLifeOnline - 🏆 533. / 51 Lees verder »