How shoppers can get their hands on Big Lots ‘going out of business’ sales Big Lots initially filed for Chapter 11 bankruptcy in September.
Though most of our stores are profitable, and we are taking every step possible to improve the profitability of all our stores, we will need to close certain locations to ensure that our business operates efficiently and we can continue serving our customers,” the website read.
“We all have worked extremely hard and have taken every step to complete a going concern sale,” Bruce Thorn, Big Lots Inc. president and chief executive officer, said.
“While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process.”.
To meet that goal, the discount store is “preparing to commence going out of business sales at all remaining Big Lots store locations.”.
