Discount Retailer Big Lots Files for Chapter 11 Bankruptcy, Putting Future of 1,400 Stores in Jeopardy – Jim Hᴏft

 Credit: Wikimedia Commons In another devastating blow to the American retail landscape thanks to Bidenomics, discount home goods giant Big Lots announced its Chapter 11 bankruptcy filing on Monday. With nearly 1,400 stores across 48 states, the future of this once-iconic retailer is now shrouded in uncertainty, per the Daily Mail. According to AP reports, the key culprit behind Big Lots’ collapse is no mystery: a toxic combination of Biden’s sky-high inflation, soaring interest rates, and a faltering economy has forced Americans to tighten their belts and avoid discretionary spending. Big Lots, which thrives on selling home decor, furniture, and seasonal… — Source: The Gateway Pundit – Read More