Big Lots Closing All Stores With "Going Out Of Business" Sales In Florida
Big Lots announced that it will begin "going out of business" sales at all remaining locations following a failed sale to Nexus Capital Management after filing for Chapter 11 bankruptcy in September 2024.
All items in sores are being sold for up to 50% off, according to the company's website BigLots.com.
The discount retailer, which operated more than 900 stores across the U.S., cited the collapse of the sale agreement as the reason for the closures.
Big Lots is still exploring strategic alternatives and hopes to secure a new buyer, but in the meantime, they have initiated the liquidation process.