Big Lots, one of the nation’s biggest discount chains, is gearing up to launch “going out of business” sales at all of its remaining locations in the coming days. The company, which is based out of Columbus, Ohio, says it will lean on sales to protect its finances while seeking a buyer. In a Dec. 19 release, the company’s CEO, Bruce Thorn, acknowledged the significant financial challenges it faced throughout 2024 that led to its recent approach to preserve its remaining assets.
' Customers seeking out holiday deals can expect decent discounts both online and in-store at the company's remaining locations as it clears out its inventory of furniture, décor and pantry items. Big Lots did not set an end date for the sales in its release but did state its 'goal would be to complete a sale by early January' of 2025. Big Lots initially set out to finalize an asset purchase agreement with Nexus Capital Management, according to NBC News.
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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.
مصدر: FOX4 - 🏆 289. / 63 اقرأ أكثر »
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.
مصدر: NBCDFW - 🏆 288. / 63 اقرأ أكثر »
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.
مصدر: FOX10News - 🏆 581. / 51 اقرأ أكثر »
Big Lots to Begin 'Going Out of Business' Sales as Sale Falls ThroughDiscount retailer Big Lots will initiate 'going out of business' sales at its remaining 963 stores, following the collapse of its planned sale to Nexus Capital Management. The company, facing bankruptcy, hopes to secure an alternative deal by January.
مصدر: NBCPhiladelphia - 🏆 569. / 51 اقرأ أكثر »
Big Lots Announces 'Going Out of Business' Sales as Sale Deal Falls ThroughDiscount retailer Big Lots will begin 'going out of business' sales at its 963 remaining stores following the collapse of a potential sale to Nexus Capital Management. The company filed for bankruptcy in 2024 and previously closed 400 locations.
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