CHARLOTTE, N.C. — Nearly 1,000 Big Lots stores will close soon as the retail company plans to hold a “going out of business” sale.
The company was sold to a private equity firm and will shut down for good, according to a press release on Thursday.
Big Lots, which mostly sells furniture, home decor, and some other items, previously said high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal product purchases, two categories the chain depends on for a significant part of its revenue…