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International Business Times
International Business Times
Business
Shreyashi Chakraborty

Big Lots Announces 'Going Out Of Business' Sales Amid Bankruptcy Woes: 'Difficult Decision'

A sign is posted in front of a Big Lots store on June 07, 2024 in Hercules, California. (Credit: Photo by Justin Sullivan/Getty Images)

Discount retailer Big Lots says it is preparing to start going out of business sales (GOB) at all of its remaining stores after a deal to sell the company fell through.

The U.S. chain closed 400 stores earlier this year, with 963 stores remaining across the country.

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