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Business
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots has announced plans to close all of its remaining 963 stores, initiating "going out of business" sales following its Chapter 11 bankruptcy filing in September. The company says it's started the process of closing stores in 48 states and liquidating inventory under its court-supervised Chapter 11 bankruptcy proceedings.  The decision comes as the retailer seeks to maximize value for stakeholders while exploring potential going-concern sale opportunities. "We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots' President and Chie…

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by Joe Lombardi
Business
Ocean State Job Lot Is Closing Connecticut Store, Discounting Remaining Inventory Ocean State Job Lot Is Closing Connecticut Store, Discounting Remaining Inventory
Ocean State Job Lot Is Closing Connecticut Store, Discounting Remaining Inventory Discount retailer Ocean State Job Lot said it will shutter one of its Connecticut stores. The chain says the store will offer major discounts as it sells its remaining stock.   The big box retailer said it planned to close its New London County location in Groton but did not give a specific date for the closure. Related: Big Lots To Close 8 Connecticut Stores As Part Of Bankruptcy We are sad to announce our Groton, CT, store will be closing soon, but we have nearby locations in Gales Ferry, CT, and Waterford, CT - PLUS our entire Groton store is 30% off! Ocean State Job Lot has…

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by Josh Lanier