Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management and will beginning selling its stores in coming days to protect ...

Big Lots said it does not anticipate closing the sale to Nexus Capital, months after initiating bankruptcy proceedings under Chapter 11.

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 ...

U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has initiated ...

Big Lots, along with its subsidiaries, has voluntarily initiated Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware to facilitate the sale process.

National retailer Big Lots says it will begin holding going-out-of-business sales at its remaining stores because it still has not found a buyer to boost it from bankruptcy.

On Thursday, Ohio-based Big Lots announced it would close the remainder of it stores and will hold 'going out of business' sales.

Big Lots plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management. Garret Roberts/Beaver County Times / USA TODAY NETWORK Sales at stores open at ...

Recent agreement for Big Lots includes over $700 million in financing Big Lots said in its announcement Monday that Nexus will act as a “stalking horse bidder" in an auction the courts will oversee.

Big Lots is preparing to close all of its stores, the bankrupt discount retailer said Thursday. The company had previously planned to sell its assets to private equity firm Nexus Capital ...

Discount retailer Big Lots is filing for bankruptcy as it prepares to be acquired, the company said Monday. The Ohio-based company will be acquired by Nexus Capital Management, "who believes in ...

Struggling closeout retailer Big Lots filed for bankruptcy protection Monday, saying it's been hurt by inflation and high interest rates.