About The Jenkins County times. (Millen, Ga.) 2023-current | View Entire Issue (Jan. 1, 2025)
Page 12 - Wednesday, January 1, 2025 The Jenkins County Times j enkinscountytimes. com Big Lots, the popular discount retailer, announced Thursday that its much-anticipated sale to Nexus Capital Management has collapsed. In response, the company has begun preparations for "going out of business" (GOB) sales across all remaining stores, a move that marks an uncertain future for the retailer. Despite this setback, Big Lots expressed optimism about securing an alternative deal. The company is actively pursuing a "going concern transaction" with Nexus or another party, aiming to finalize the process by early January. “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 process,” said Bruce Thom, Big Lots' President and CEO, in a statement. The company emphasized that it remains open for business both in stores and online while negotiations continue. Thom assured customers and stakeholders that updates will be provided as the situation evolves. Big Lots has been a fixture in the retail sector, known for offering a wide variety of discounted home goods, furniture, and groceries. The news of potential closures and liquidation sales has sparked concern among loyal shoppers and employees. For now, customers are encouraged to take advantage of sales while they last, as the future of Big Lots remains uncertain. Further developments regarding the retailer's efforts to secure a new buyer are expected in the coming weeks. 912.451.6397 Christmas ^■All sales final. The Shepherd's ‘Nook Christian Supply Downtown Sylvania, Ga. Next to Ross Drugs Huge Holiday Clearance UP r ° 75% oFF! Discounts taken at register Class of 2026 Gets Rings The Junior Class received their rings on Dec. 12. In the JCMHS library. The class of 2026 is that much closer to calling their War Eagle days history, to their parents’ disbelief. Photo contributed. BIG LOTS Announces "Going Out of Business" -Joe Brady, Editor * . + CMiutim n * • (j cam As we gather to celebrate this season of joy and togetherness, we’re grateful to be part of a community that feels like family. At Southern Bank, we know it’s the connections we share that truly bring warmth to the holidays. This year, we wish you peace, joy, and all the special moments that make this season bright. Happy Holidays from your friends at Southern Bank. Southern Bank 731 Charles Perry Ave., Sardis, GA 30456 • 706-437-9977 855 Liberty Street, Waynesboro, GA 30830 • 706-437-9977 21 College Street, Gibson, GA 30810 • 706-598-3400 2455 Highway 88, Hephzibah, GA 30815 • 706-5924050 thesouthern.bank iSic The Works Package Synthetic Blend Oil Change & More* Tire Rotation and Pressure Check Brake Inspection Vehicle Checkup Fluid Top-Off Battery Test Filter Check Belts and Hoses Check Gas Engines Only Two Wheel Allignment Starting At: Ford Parts Warranty: Two years. Unlimited mileage. Includes labor. Ford parts are covered for a full two years with unlimited mileage. Even limited labor costs are Included.* Four Wheel Allignment Starting At: 7 Why buy tires anywhere else,? when Sylvania Ford offers all of this? • 17 Major Brands • 30-day price guarantee • All makes and models 330 Frontage Road West Sylvania, Georgia 30467 Others call you Customer ■ We call you Friend.” SYLVAN IA 912.564.7414 ‘Ford reserves the right to change, modify, or discontinue this program at any time. ‘Valid on dealer-installed retail purchases only.
