Loading...
Market
Big Lots announces new buyer or investor by September 30, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Big Lots or news reports confirming a new buyer or investor
Story
Big Lots to Close All 963 Stores, Starting 'Going Out of Business' Sales After Chapter 11 Bankruptcy, Impacting 27,000 Employees
Dec 19, 2024, 06:31 PM
Big Lots, the discount retailer employing over 27,000 people, is set to begin 'going out of business' sales at all of its 963 locations after failing to secure a buyer following its Chapter 11 bankruptcy filing. The company confirmed that it will close all remaining stores, a move that comes after the collapse of a proposed sale to private equity firm Nexus Capital Management. This decision follows the closure of hundreds of stores earlier this year, resulting in a roughly 30% reduction in its retail footprint. The liquidation efforts aim to preserve the company's value during the bankruptcy process.
View original story
Similar markets
Nexus Capital Management • 25%
Another private equity firm • 25%
Retail competitor • 25%
Other entity • 25%
Yes • 50%
No • 50%
Sold to Nexus Capital Management • 25%
Sold to another party • 25%
No sale, continue liquidation • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Complete liquidation • 25%
Partial liquidation with store retention • 25%
Acquisition by Nexus Capital Management • 25%
Acquisition by another party • 25%