National chain headquartered in Columbus closing all locations, laying off CEO & 500+ workers 

Last month, it was announced that a prominent investor would be buying out Big Lots after the chain filed for bankruptcy.

However, it appears that Nexus Capital Management won’t be purchasing Big Lots’ assets after all.

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On Thursday, December 19, Big Lots filed a WARN Notice in Columbus, OH, announcing their plan to lay off 555 employees before April at their corporate headquarters, located at 4900 E. Dublin Granville Rd. This includes CEO Bruce Thorn.

All Big Lots stores nationwide will also close.

In a press release, CEO Bruce Thorn said, “While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB (going out of business) process.”

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