Big Lots is preparing to close all of its locations, the company confirmed on Thursday.
In a press release, the company said it will begin “going out of business” sales at all of its remaining locations — totaling 963 as of Thursday — after failing to complete its previously announced sales to Nexus Capital Management, a private equity firm.
More than 400 Big Lots stores have already closed this year, marking a roughly 30% reduction in its footprint.
https://thehill.com/homenews/nexstar_media_wire/5048796-big-lots-to-begin-going-out-of-business-sales-at-all-locations/