Update: Big Lots says it reached a deal in late December to keep hundreds of U.S. stores open. Big Lots is preparing to close all of its stores, the bankrupt discount retailer said Thursday.
The discount retailer's inventory of furniture, outdoor supplies, holiday decor, children’s toys, makeup, toiletries, and more is up to 25% off, after a sale of the company fell through last week.
But Big Lots has long marketed itself as a place to find great deals. The company has said that it buys products cheaply from suppliers and other retailers, which enables it to keep prices low.
Big Lots is preparing to close its remaining 963 locations after a sale to save the bankrupt retailer fell through. The company previously announced it was selling “substantially all” of its ...