Big Lots is under new ownership after a last-minute sale went through that will seemingly keep hundreds of stores in ...

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

The Columbus, Ohio-based retailer, which sells furniture, home decor and ... every step to complete a going concern sale,” said Bruce Thorn, Big Lots’ president and CEO said in a statement.

The bankrupt Big Lots home goods closeout retailer just announced its planned sale to Nexus Capital Management ... Through November, the furniture and home furnishings retail segment has declined ...

Tepid home goods sales, online competition and a brand identity crisis have taken their toll on the discount retailer, analysts say.

Big Lots, which mostly sells furniture, home decor and some other ... or if a completed sale could prevent them from closing.

Big Lots filed for Chapter 11 bankruptcy protection back in September. In mid-December, the company announced all stores will hold "going out of business" sales after a sale to a private equity ...