Big Lots Announces Going-Out-of-Business Sales at Remaining Locations

Live your best life with expert tips and news on health, food, sex, relationships, fashion and lifestyle. Subscribe to Best Life's newsletter now.Our content is fact checked by our senior editorial staff to reflect accuracy and ensure our readers get sound information and advice to make the smartest, healthiest choices.

We adhere to structured guidelines for sourcing information and linking to other resources, including scientific studies and medical journals.Walgreens Is Closing More Storesby the end of the following year. This past September, the company filed for Chapter 11 Bankruptcy and shared plans to enter into a sale agreement with Nexus Capital Management LP. Things were briefly looking up when just last week, Big Lots said that it would keep open 15 stores that were previously slated to close.

Therefore, in the coming days, the discount retailer will commence going-out-of-business sales at all remaining stores "to protect the value of its estate.", Big Lots says, "% off sales in closing stores will vary by product and/or product category. Refer to in-store signing or ask a sales associate for pricing details."recently shared that local Big Lots liquidation sales saw discounts of 10 or 20 percent.

Also, on its website, Big Lots states, "When a closing store will permanently close is based on available remaining inventory. We are unable to provide an exact date of a store's closure."However, Big Lots is remaining somewhat optimistic about its future. In fact, the company said it "continues to work toward completing an alternative going concern transaction with Nexus or another party," which it hopes to complete by early January, according to the press release.

"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," said Big Lots president and CEOBut there is much work to be done.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: NBCDFW - 🏆 288. / 63 Read more »

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.
Source: KSLcom - 🏆 549. / 51 Read more »

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.
Source: FOX4 - 🏆 289. / 63 Read more »

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.
Source: wsfa12news - 🏆 338. / 59 Read more »

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.
Source: NBCDFW - 🏆 288. / 63 Read more »

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.
Source: FOX10News - 🏆 581. / 51 Read more »