{"id":2382314,"date":"2024-12-20T13:04:01","date_gmt":"2024-12-20T18:04:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/days-before-christmas-big-lots-abruptly-announces-going-out-of-business-sale-at-all-locations\/"},"modified":"2024-12-20T13:05:08","modified_gmt":"2024-12-20T18:05:08","slug":"days-before-christmas-big-lots-abruptly-announces-going-out-of-business-sale-at-all-locations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/days-before-christmas-big-lots-abruptly-announces-going-out-of-business-sale-at-all-locations\/","title":{"rendered":"Days Before Christmas, Big Lots Abruptly Announces &#8216;Going Out of Business&#8217; Sale at All Locations"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdays-before-christmas-big-lots-abruptly-announces-going-out-of-business-sale-at-all-locations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2382314&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Big Lots,a national retailer,has announced that all of its stores will start &#8220;Going Out of Business&#8221; <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/billionaire-mega-donor-at-center-of-hunter-biden-art-sales-raises-ethics-concerns\/\" title=\"Billionaire Mega-Donor At Center Of Hunter Biden Art Sales Raises Ethics Concerns\">sales due<\/a> too <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vietnamese-communists-use-climate-summit-to-eat-gold-steak-with-salt-bae\/\" title=\"Vietnamese Communists Use Climate Summit to Eat Gold Steak with &#039;Salt Bae&#039;\">financial difficulties<\/a>. This decision \u200bfollows \u2063their inability to complete a sale to nexus Capital Management,which\u200c they previously hoped would help maintain \u2062store operations. The company filed for Chapter 11 bankruptcy in September, reporting significant financial losses, including a $238.46 million \u200dloss in \u2062the second quarter of the year. Despite initiating these sales, Big Lots continues to serve \u2063customers and \u2063hopes to finalize a sale in early January. The <a href=\"https:\/\/amzn.to\/3YuVZYV\">ongoing situation highlights broader trends<\/a> of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-biggest-u-s-retail-bankruptcies-in-5-years\/\" title=\"The Biggest U.S. Retail Bankruptcies in 5 Years\">retail bankruptcies<\/a> and store closures in \u200dthe U.S. market, with \u2064Big Lots being one of the\u200b many retailers to\u200d face challenges \u200cthis year.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>A national retailer that has fallen on hard times announced that all of its stores are conducting going Out of Business sales.<\/p>\n<p>Big Lots made the announcement Thursday, according to <a href=\"https:\/\/www.foxbusiness.com\/retail\/big-lots-start-holding-going-out-business-sales-remaining-locations\" target=\"_blank\" rel=\"noopener\">Fox Business<\/a>.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/super-bowl-posts-worst-ratings-since-2007-despite-homebound-audience\/\" title=\"Super Bowl Posts Worst Ratings Since 2007 Despite Homebound Audience\">company announced<\/a> that it no longer expected plans to sell Big Lots to Nexus Capital Management to actually reach fruition.<\/p>\n<p>The company began Chapter 11 <a href=\"https:\/\/www.westernjournal.com\/major-retailer-files-chapter-11-bankruptcy-81-years-business\/\" target=\"_blank\" rel=\"noopener\">bankruptcy<\/a> proceedings in September, saying that the sale to Nexus offered the best hope of keeping stores open.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The embattled discount retail chain, which filed for Chapter 11 bankruptcy protection earlier this year, said it was unable to reach a deal to sell itself. <a href=\"https:\/\/t.co\/Tdh81ZllPR\">https:\/\/t.co\/Tdh81ZllPR<\/a><\/p>\n<p>&mdash; Fast Company (@FastCompany) <a href=\"https:\/\/twitter.com\/FastCompany\/status\/1870093616045015156?\">December 20, 2024<\/a><\/p>\n<\/blockquote>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} \t\t<\/script> <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Big Lots began the year with approximately 1,400 stores in the U.S. but has been closing them throughout the year, according to <a href=\"https:\/\/www.cnn.com\/2024\/12\/20\/business\/big-lots-closures-sales\/index.html\" target=\"_blank\" rel=\"noopener\">CNN<\/a>.<\/p>\n<p>In the second quarter, Big Lots lost $238.46 million on sales of $1.05 billion, which represented an 8 percent drop over the same period last year, Fox Business reported.<\/p>\n<p>A <a href=\"https:\/\/www.prnewswire.com\/news-releases\/big-lots-provides-update-on-court-supervised-process-302336368.html\" target=\"_blank\" rel=\"noopener\">news release<\/a> from the company said it still hoped to complete a sale of the company in early January.<\/p>\n<p>The release said that the Going out of Business sales taking place will not preclude the company being sold.<\/p>\n<p>&ldquo;We all have worked extremely hard and have taken every step to complete a going concern sale,&rdquo; Big Lots President and CEO Bruce Thorn said.<\/p>\n<p>&ldquo;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,&rdquo; he said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A nation where Big Lots vanishes overnight is a nation at a crossroads. This isn&rsquo;t just the death of a retailer, it&rsquo;s the alarm bell of an economy stretched too thin, where the foundations we once took for granted are crumbling beneath us. How many more signs do we need before we&hellip;<\/p>\n<p>&mdash; Chris Fernandez (@FernOnX) <a href=\"https:\/\/twitter.com\/FernOnX\/status\/1869810000886903045?\">December 19, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&ldquo;The Company is continuing to serve customers in-store and online, and will provide updates as available,&rdquo; the release said.<\/p>\n<p>A report from the firm Coresight Research, a consumer insights group, said it tracked 49 retail bankruptcies in the U.S. in 2024, according to <a href=\"https:\/\/www.nbcnews.com\/business\/business-news\/big-lots-initiates-going-business-sales-remaining-locations-rcna184914\" target=\"_blank\" rel=\"noopener\">NBC<\/a>.<\/p>\n<p>The company said it had tracked 25 <a href=\"https:\/\/www.westernjournal.com\/bidenomics-national-burger-chain-considers-chapter-11-bankruptcy\/\" target=\"_blank\" rel=\"noopener\">retail bankruptcies<\/a> in 2023.<\/p>\n<p>Coresight said there were more than 7,300 store closings this year, and said Family Dollar closed 718 stores, CVS, shuttered &nbsp;586 stores, and Big Lots closed 580 stores.<\/p>\n<p>Coresight data listed 4,627 <a href=\"https:\/\/www.westernjournal.com\/high-inflation-forces-big-lots-file-bankruptcy-fate-1400-stores-uncertain\/\" target=\"_blank\" rel=\"noopener\">store closings<\/a> through this point in 2023.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<div class=\"insticator-ads additional\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A struggling national retailer has declared that all its locations are holding Going Out of Business sales. Big Lots made this announcement on Thursday, as reported by Fox Business. The company stated it no longer anticipates the sale to Nexus Capital Management will materialize. After initiating Chapter 11 bankruptcy proceedings in September, Big Lots had hoped the sale would help keep its stores operational. The discount retail chain, which filed for Chapter 11 earlier this year, was unable to finalize a deal for its sale<\/p>\n","protected":false},"author":1,"featured_media":2382315,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/12\/big-lots-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[40539,47176,47175,42998],"class_list":["post-2382314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-big-lots","tag-christmas-sale","tag-going-out-of-business","tag-retail-news"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/12\/big-lots-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2382314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2382314"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2382314\/revisions"}],"predecessor-version":[{"id":2382318,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2382314\/revisions\/2382318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2382315"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2382314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2382314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2382314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}