Massive retailer files for bankruptcy as Biden-Harris inflation continues to wreak havoc on economy * WorldNetDaily * by Owen Klinsky, Daily Caller News Foundation

Massive retailer files for bankruptcy as Biden-Harris inflation continues to wreak havoc on economy * WorldNetDaily * by Owen Klinsky, Daily Caller News Foundation: 

U.S. discount retail chain Big Lots filed for bankruptcy Monday as Biden-Harris era inflation continues to weaken consumer spending and push retailers out of business. The company filed for Chapter 11 protection after posting consecutive quarterly losses since 2022 and being forced to close numerous stores, operating roughly 1,300 stores in the U.S. as of May compared with 1,425 in early 2023, according to The Wall Street Journal. Big Lots also announced it had secured over $700 million in funding to guide the company through the bankruptcy process and ensuing sales process, with an affiliate of private equity firm Nexus Capital Management expected to acquire the company.