Big Lots Announces ‘Going Out Of Business Sale' As Nexus Acquisition Falls Through

Carle Place, N.Y.: The Big Lots store in Carle Place, New York on July 23, 2024. This location is ... [+] one of the Big Lots locations that is closing. (Photo by Howard Schnapp/Newsday RM via Getty Images)Newsday via Getty ImagesThe 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.Though Nexus may return ...