Big Lots has abandoned its plans to sell off some of its assets due to struggling home goods sales and stiff competition from online retailers. The company, which filed for bankruptcy in September, will now liquidate all its remaining stores. This decision comes after a flagging home goods sector and muddled brand identity took their toll on the retailer.
Source: https://www.washingtonpost.com/business/2024/12/20/big-lots-set-liquidate-its-900-stores-after-planned-sale-falters