Big Lots Inc. says their stores will be going out of business.

This includes the stores throughout all of Indiana.

“We all have worked extremely hard and have taken every step to complete a going concern sale. 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,” says Big Lots’ President and Chief Executive Officer, Bruce Thorn.

Those words were said after a purchase deal with Nexus Capital Management happened. Thorn says going out of business is necessary because Big Lots Inc. is trying to protect the company’s value.

So far, five Big Lots stores already shut down, including Indianapolis, Kokomo, Fort Wayne, Elkhart, and Warsaw. Many more stores are expected to shut down as well, including:

6225 Allisonville Rd., Indianapolis

5520 Madison Ave., Indianapolis

1650 E. County Line Rd., Indianapolis

10235 E. Washington St., Indianapolis

6121 Crawfordsville Road, Speedway

4358 S. Scatterfield Road, Anderson

888 Green Boulevard, Aurora

10321 East U.S. Route 36, Avon

3309 16th St., Bedford

3620 W. 3rd St., Bloomington

706 E. Lewis & Clark Parkway, Clarksville

3075 E. 25th St., Columbus

720 S. Green River Road, Evansville

6128 Stellhorn Road, Fort Wayne

1538 N. Morton St., Franklin

1612 N. State St., Greenfield

2080 N. Jefferson St., Huntington

195 S. U.S. 231, Jasper

2525 E. Market St, Logansport

1345 Clifty Drive, Madison

1535 S. Western Ave., Marion

4110 Franklin St., Michigan City

420 W. McKinley Ave., Mishawaka

440 New Albany Plaza New Albany

918 W. Lincoln Highway, New Haven

5960 U.S. 6, Portage

2000 E. Tipton St., Seymour

1840 E. Michigan Road, Shelbyville

1800 Fort Harrison Road, Terre Haute

4650 U.S. 41, Terre Haute

2323 N. Sixth St., Vincennes

Stores and online shopping will remain open for customers as the stores close down. Big Lots is trying to see if they can work things out with Nexus or other companies.