Big Lots Files For Chapter 11 Bankruptcy Protection, Plans To Sell Assets To Nexus Capital

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big lots files for chapter 11 bankruptcy protection plans to sell assets to nexus capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales.

The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management.

According to the store's website, there are 106 locations in the state of Florida.

11 of those stores are set to close in Florida.

Miami-Dade County: