The U.S. retail brand Big Lots has announced Going Out of Business (GOB) sales across all its remaining locations. The decision comes after the company failed to finalize its planned asset purchase agreement with Nexus Capital Management. This move was initially expected to help the company recover its financial situation.
The retail chain is loved by shoppers for its low-cost furniture, home goods, and more. They officially filed for Chapter 11 bankruptcy in September 2024.
Big Lots is continuing to explore alternative deals with Nexus, and other buyers. However, the absence of a finalized agreement has made the retailer liquidate its…
