Mon Sep 09 15:17:29 UTC 2024: ## Big Lots Files for Bankruptcy, Sells Business to Investment Firm

**Columbus, Ohio** – Big Lots, the discount retailer, has filed for bankruptcy and will close some of its stores as part of a deal to sell its business to Nexus Capital, an investment firm.

The move comes after a period of declining sales and mounting financial pressures for the company. Big Lots announced the bankruptcy filing on [Date], followed by news of the sale to Nexus Capital. The transaction is expected to be finalized in the coming weeks.

While the company is restructuring, it will continue to operate its existing stores during the transition process. However, some locations are expected to close permanently as part of the restructuring plan. The company has not yet disclosed which stores will be affected.

This marks a significant shift for Big Lots, which has been a staple in discount retail for over 60 years. The company’s future under the new ownership of Nexus Capital remains uncertain.

**[Add specific details if available, like number of stores closing, expected timeline for sale completion, etc.]**

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