Big Lots

Columbus, Ohio-based Big Lots has suffered from declining sales for years. The now bankrupt retailer no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of its remaining 870 stores in coming days to protect the value of its real estate. The discount chain that employs more than 27,000 people said in a statement Thursday December 19 2024 it continues to look for another way to stay in business through a transaction it would look to complete by the end of January if a deal can be struck.