This story has been updated to reflect the correct number of stores closing in Tennessee.
Big Lots has closed over 400 stores in 2024 and has now announced going out business sales across its remaining locations.
On Thursday, Big Lots announced in a news release that it did not anticipate a sale to Nexus Capital Management going through. In this deal, Nexus Capital Management would have taken over Big Lots by early January helping the chain achieve financial stability.
Here’s what to know about Big Lots closures in Tennessee.
Is Big Lots closing all its stores?
Big Lots does not have any plans to close all of its stores yet. The going out of business (GOB) sales are a way for the company “protect the value of its estate,” according to their statement. The goal is for the sales to allow Big Lots to continue being a company that is financially stable enough to meet obligations and continue…
