subdomain: subpath: Big Lots Announces Going-Out-of-Business Sales After Sale Collapse | Business
News Formal

Big Lots Announces Going-Out-of-Business Sales After Sale Collapse

  • 📰 PhillyDailyNews
  • ⏱ Reading Time:
  • 48 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 67%

Business News

Big Lots,Bankruptcy,Going-Out-Of-Business

Big Lots, facing bankruptcy and a failed sale, launches clearance sales across all stores. The company seeks new buyers while liquidating its inventory.

The discount retailer's inventory of furniture, outdoor supplies, holiday decor, children’s toys, makeup, toiletries, and more is up to 25% off, after a sale of the company fell through last week. Big Lots, the discount retailer that filed for bankruptcy this fall, is starting going-out-of-business sales at all stores after a company sale fell through last week.

A potential sale of Big Lots fell through last week, leading the discount retailer to announce going-out-of-business sales at all its stores, including about a dozen in the Philadelphia area.. The company is still working to strike a deal with Nexus or another buyer by early January, according to bankruptcy documents.But in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process.its entire inventory — everything from furniture and outdoor supplies, to Christmas decor and children’s toys, to makeup and toiletries. Party City, the event-decor chain based in Bergen County, announced it was filing for its second bankruptcy in two years and closing all stores.locations in Philadelphia, Clifton Heights, Exton, and Kennett Square , amid inflationary pressures and declines in consumer spending. Since then, the company has closed 340 stores, including 18 in Pennsylvania and New Jersey

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 89. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa 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 Announces Going-Out-of-Business Sales at Remaining LocationsDana Schulz is an experienced editor, writer, and content strategist who is just as likely to be crunching the latest housing market data as she is to be sharing all the best new kitchen gadgets at Target. She has written about real estate, apartment living, home decor, and history for more than 14 years.
Source: BestLifeOnline - 🏆 533. / 51 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 preparing going-out-of-business sales at all remaining locationsBig Lots announced on Thursday it would be beginning going-out-of-business (GOB) sales at all remaining locations across the United States.
Source: ksatnews - 🏆 442. / 53 Read more »

Big Lots going out of business, offering final salesDiscounts of up to 50% were being offered on the entire assortment of goods sold online.
Source: ladailynews - 🏆 332. / 59 Read more »