Big Lots Says Previously Announced Sale Has Fallen Through

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.The closeout retailer said in a press release that it is still working toward completing an alternative going concern transaction — with Nexus or another party — and believes that the GOB sales will not stop it from doing so.Nexus Capital Management did not immediately rep ...