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The bankrupt Big Lots home goods closeout retailer just announced its planned sale to Nexus Capital Management has hit the skids so it will begin going-out-of-business sales (GOB) at its remaining 900 stores; it has already closed about 400 stores this year.

Big Lots said it does not anticipate closing the sale to Nexus Capital, months after initiating bankruptcy proceedings under Chapter 11.

Big Lots said Thursday (Dec. 19) that it is preparing to begin going out of business (GOB) sales at all its remaining stores after determining that it no longer expects to complete its previously announced sale to Nexus Capital Management.

Big Lots' Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company's business model, particularly its struggle to adapt to the digital age.

All outdoor Halloween Decor will be 20% off Oct. 3-6, in stores (with coupon) and online 'Black Friday Fridays' continue at Big Lots with 50% off all fall decorations only on Oct. 4 Fall savings continue with the 'Primetime Cyber Sale,' 20% off home categories Oct. 7-9 COLUMBUS, Ohio , Oct. 3, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG), today unveiled new "fall Into Savings" deals including special savings on fall and outdoor Halloween decorations, home categories and more, beginning today, Oct. 3. Fall savings begin with 20% off all outdoor Halloween decor, Oct. 3-6, in stores (get coupon here) and online.

HARRISBURG, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that it was the winning bidder in a bankruptcy sale process to acquire seven former Big Lots, Inc. (“Big Lots”) store leases. The seven stores were part of a bankruptcy auction for the first wave of Big Lots store closures, which included 143 stores. Six of the seven stores have already completed the sale hearing process and received final approval from the United States Bankruptcy Court for the District of Delaware. The remaining one store is subject to final bankruptcy court approval and customary closing conditions.

Expands opportunities for influential creators and publishers to earn commissions Builds on Big Lots' organic popularity with bargain-savvy influencers Signs new partnership with impact.com to launch and scale program COLUMBUS, Ohio , Sept. 26, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC: BIG), today announced the launch of a new affiliate program, designed to build on its organic and grassroots popularity with bargain-savvy creators and publishers on social media and beyond.

Discount can be used at all Big Lots store locations and online at biglots.com Coupon is required in store and can be downloaded or printed on the website Discount will be automatically applied for online shoppers on biglots.com COLUMBUS, Ohio , Sept. 19, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), today announced that its popular 2-day 'Friends & Family' Event will return, featuring 20% off shoppers' entire purchase, Sept.

Popular Black Friday event will return for 2024 with special one-day deals every Friday Offers up to 50% off on single items or collections across product categories Black Fridays at Big Lots kick off this Friday the 13th with 50% off all Halloween decor COLUMBUS, Ohio , Sept. 12, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), today announced that 'Black Friday Fridays' will return this year, with every Friday being a Black Friday-level sales event, including special one-day deals on décor, gifts and more up to 50% off, now through Dec. 6.

Three days after Big Lots announced a Chapter 11 restructuring and acquisition by Nexus Capital Management, Big Lots President and CEO Bruce Thorn offered an overview of the company's performance and strategic direction during the second-quarter earnings call Thursday (Sept. 12). Second-quarter comparable sales fell 14.