Retail Giant Prepares for Chapter 11 Store Closures as It Seeks Alternative Buyers Big Lots, the beloved discount retailer headquartered in Columbus, Ohio, announced on Thursday that it will begin “Going Out of Business” (GOB) sales at all its remaining locations. This development comes as the company faces an uncertain future, grappling with the fallout from its Chapter 11 bankruptcy filing earlier this year. A Retail Giant in Transition The announcement also revealed that Big Lots no longer anticipates completing its previously announced asset purchase agreement with Nexus Capital Management. Instead, the company is exploring alternative sale options with Nexus … Continue reading Big Lots Begins ‘Going Out of Business’ Sales Amid Uncertain Future