Big Lots, including Bridgeport Location, Closing Down
By Connect-Bridgeport Staff on December 20, 2024
According to CNN, Big Lots is preparing to close its remaining 963 locations after a sale to save the bankrupt retailer fell through.
Big Lots has had a location in Bridgeport, in what is now the Gabe's Plaza, for years.
The company previously announced it was selling “substantially all” of its assets to private equity firm Nexus Capital Management in September, but Big Lots said in a statement Thursday it “does not anticipate completing” the transaction.
As a result, Big Lots is starting its “going out of business” sales at all remaining locations in the coming days. However, it still plans to explore other options to save the company, including negotiating with Nexus or another buyer, with the aim of completing a sale by early January.
Click HERE for the rest of the story from CNN.
