After months of store closures and filing for Chapter 11 bankruptcy protection, Big Lots is preparing to close all of its locations, according to a news release from the company Thursday.

The retailer has already closed more than 400 branches in 2024, and sales are planned in the remaining stores.

“The company is preparing to begin going-out business (GOB) sales at all remaining Big Lots locations in the coming days to protect the value of its properties,” Big Lots said in the release.

CEO Bruce Thorn said the closures could be reversed if a corporate sale is completed.