Big Lots Launches Liquidation Sales After Failed Company Sale

Reported 22 days ago

Big Lots, the discount retailer, is initiating going-out-of-business sales at its locations after a prospective sale to Nexus Capital Management fell through. Following its Chapter 11 bankruptcy filing in September, Big Lots struggled with declining sales due to high inflation and competition from larger retailers. The company aims to complete a sale by early January while offering discounts of up to 50% as all stores prepare to close.

Source: YAHOO

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