Big Lots says it is having going-out-of-business sales as it seeks a new buyer

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[Copyright 2024 NPR]

If you're enjoying this article, you'll love our daily newsletter, The LA Report. Each weekday, catch up on the 5 most pressing stories to start your morning in 3 minutes or less.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.released Thursday, however, it said it is holding the going-out-of-business sales to protect the value of the company.

A going concern deal is when a corporation up for sale is able to show that it still has enough resources to continue operating indefinitely, and does not need to be liquidated.Right now, your year-end gift will power local reporting for our community and help us end the year strong. Donate for the first time or increase your monthly donation to have a positive impact for independent and trusted journalism before the calendar flips to 2025.

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