These Austin-area Big Lots stores will begin going out of business sales soon [Video]

Big Lots already announced plans to shut down its location in Cedar Park as part of its Chapter 11 bankruptcy process.

AUSTIN, Texas — Efforts to save Big Lots appear to have temporarily fallen through.

The company released a statement Thursday stating it doesn’t anticipate its agreement with private equity firm Nexus Capital Management to go through. Earlier this year, plans were announced to sell its assets and business operations to Nexus.

Now the company is shifting its efforts to completing an alternative transaction, either with Nexus or another firm, with a goal of selling the company by early January. To go along with those efforts, Big Lots announced its remaining locations will undergo “going out of business” sales at its remaining stores.

In October, Big Lots announced it would add 50 more locations to an ongoing store closing list, one of which included a location in Cedar Park. Now …