Discount retail store chain Big Lots announced Thursday that it will initiate “going out of business” sales at all its remaining locations after it was unable to reach an agreement with an investment firm.
“In parallel with these efforts, the company is preparing to commence going out of business sales at all remaining Big Lots store locations in the coming days to protect the value of its estate,” the company said in a statement, which added that Big Lots will continue “to serve customers in-store and online, and will provide updates as available.”
