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In a news release Thursday, the retailer that it is now preparing going-out-of-business sales at all of its 963 remaining locations, which include one in Grant Avenue Plaza in the town of Sennett. The sales will protect the value of the retailer's estate, it said, as it continues to try to complete a purchase agreement.

Big Lots hopes to complete an agreement by early January with Nexus Capital Management, with whom the initial agreement fell through, or another party. The move was made necessary by Big Lots filing for bankruptcy in September due to declining revenue, which led the retailer to announce the closure of about 500 stores the following month.

Big Lots will continue to serve customers in person and online, and said it will provide updates as they become available.

Management at the Sennett store did not respond to a request by мÓƶà¶à¿ª½±¼Ç¼ for comment on how the store and its employees would be affected by the announcement.

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