Big Lots will start having 'going out of business' sales

Big Lots is starting going out of business sales for its 963 stores after failing to complete a sale to Nexus Capital Management. The company is exploring other options to save itself, including negotiations with other buyers. Economic factors like high inflation and interest rates have contributed to its bankruptcy.

What announcement did the company make regarding its stores?

Who was the private equity firm that Big Lots announced it was selling its assets to?

What is the company's plan for its remaining locations?

What does Big Lots plan to explore in order to save the company?

What are the economic factors that contributed to Big Lots' bankruptcy?