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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 ...

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Big Lots has initiated going of out business sales at its remaining stores following the news that a sale to Nexus Capital Management has fallen through.

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Big Lots will begin going-out-of-business sales at about 870 stores, company attorney Brian M. Resnick said during a hearing Thursday in front of US Bankruptcy Judge J. Kate Stickles.

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In a press release, the company said it is “preparing to commence going out of business sales at all remaining Big Lots store locations in the coming days.” The decision comes after the company failed ...