On Thursday, Big Lots released a statement saying that it now plans to go out of business and close all of its remaining stores (in the absence of a Hail Mary play—more on that below).

The company said on its website it expects to begin, or continue, going-out-of-business sales at all its locations. In addition, special offers and the going-out-of-business sales will be ...

West Virginia’s remaining store, located in Dunbar’s Fletcher Square, is holding a going-out-of-business sale through May 31, management announced Monday. Management noted all merchandise will ...