These Big Lots locations in Knoxville could close after sale falls through [Video]

KNOXVILLE, Tenn. — Three Big Lots locations in Knoxville could close after the company announced a sale to a private equity firm fell through and its plan for “going out of business” sales.

In a press release, the company said a previously announced sale of its assets to Nexus Capital Management had failed, but that they still hoped to either revive the deal with Nexus or have another buyer by early January. 

There are three locations in the Knoxville area: 4825 N Broadway Street, 4580 Chapman Highway and 101 N Seven Oaks Drive.

Big Lots, which mostly sells furniture, home decor and some other items, previously said high inflation and interest rateshave hurt its business as consumers have pulled back on their home and seasonal product purchases, two categories the chain depends …