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Big Lot’s wind-down has begun.

Gordon Brothers, in a joint venture with Hilco Consumer – Retail and Tiger Capital Group, said it has begun store closing sales at all 869 Big Lots locations. The close-out retailer is offering up to 25% off original prices on all merchandise and 50% off a great selection of Christmas and harvest offerings. The discounts will apply at retail stores only and will not be available online.

Big Lots’ going-out-of-business sales come days after the retailer said it did not anticipate completing its previously announced sale to Nexus Capital Management, “though it continues to work toward completing an alternative going concern transaction with Nexus or another party” with a goal to complete a sale by early January. In September, Big Lots filed for bankruptcy protection as part of a deal to be acquired for about $760 million by private equity firm Nexus Capital.

Big Lots has struggled in recent years with declining sales, listed assets and liabilities of $1 billion to $10 billion in its bankruptcy petition. The company is continuing to serve customers in-store and online, and will provide updates as available.

Big Lots’ store closing event occurs as another retailer, Party City, is also planning to go dark.