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.

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