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Although it is exploring an alternative deal that might keep at least some of its stores in operation, Big Lots announced that it does not anticipate completing an asset purchase agreement with Nexus Capital Management and will commence going-out-of-business sales.

Coresight Research’s annual year-ahead outlook concludes a substantial proportion of retailers will move toward a unified strategy supporting seamless transitions connecting shopper touch points while leveraging emergent technology in consumer service and outreach.

The Housewares Charity Foundation (HCF) is launching a new award category — “Rising Star” — recognizing up-and-coming professionals who are bringing innovation to the industry and are committed to making a positive difference in the world.