Is Big Lots going out of business? Ohio-based retailer's bankruptcy sale falls through

Category: Retail News

Big Lots has initiated going out of business sales at all remaining locations after its acquisition by Nexus Capital Management fell through. The company is working on a new purchase agreement while closing over 400 stores nationwide, including 20 in Ohio, due to financial struggles attributed to inflation and high interest rates.

Keywords: Big Lots, bankruptcy, Nexus Capital Management

Source: The Columbus Dispatch

Update At: 12/20/2024

Related Sources

Big Lots is planning "going out of business" sales at all of its stores

Big Lots is closing all its stores after a failed asset sale to Nexus Capital Management. The company, which filed for bankruptcy in September, will host 'going out of business' sales as it explores other options. This decision follows a series of store closures and reflects a broader trend in U.S. retail, with over 7,100 closures announced this year.

CBS News

Big Lots closing stores nationwide: 5 Baltimore-area locations to shutter

Big Lots is closing all its stores nationwide, including 21 in Maryland, due to failed sale negotiations with Nexus Capital Management. The company will begin going-out-of-business sales shortly, following a significant decline in sales and stock value.

The Baltimore Banner

These are the Big Lots stores closing in North Carolina and South Carolina

Big Lots will close nearly 1,000 stores, including 100 in North and South Carolina, due to financial struggles exacerbated by high inflation and interest rates. The company is planning a 'going out of business' sale as it transitions under new ownership.

WCNC.com