Another giant retail chain has announced it is going into bankruptcy as Bidenomics continues to take a toll of this country.

This time it is the discount retail store Big Lots which filed for bankruptcy citing high inflation and ruinous interest rates.

Per Just The News:

The company is filing for chapter 11 bankruptcy in which Nexus Capital Management, a private equity firm, will acquire most of Big Lots’ locations and oversee its operations when the process is complete, according to the bankruptcy filing.

The company’s retail locations and its online store will stay open during the process.

“The actions we are taking today will enable us to move forward with new owners who believe in our business and provide financial stability, while we optimize our operational footprint, accelerate improvement in our performance, and deliver on our promise to be the leader in extreme value,” said Big Lots CEO Bruce Thorn in a statement.

This right on the tail of the home improvement giant Lumber Liquidators which announced that it is throwing in the towel and closing all 400 of its locations.

Per Fox Business Network:

National retailer LL Flooring, previously known as Lumber Liquidators, has announced it is getting out of business after 30 years following a failed effort to find a buyer just weeks after filing for bankruptcy.

The Richmond, Virginia-headquartered firm, which had 442 nationwide stores open until recently, says it will permanently shutter after negotiations with multiple bidders did not result in an offer, the company announced on its website. The company said last month it had already initiated closing down 94 stores.

Known for offering hard surface flooring products and being a formidable competitor to Home Depot, LL Flooring filed for relief under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware in early August, with the company saying it secured $130 million in debtor-in-possession financing from an existing bank group led by Bank of America.

“As a result, it is with a heavy heart that we must let you know that we are going to begin the process of winding down LL Flooring’s business and closing all of our stores,” CEO Charles Tyson wrote to customers.

Dozens of national chains have gone under — especially restaurants — since Joe Biden and his Democrat Party stole the 2020 election and gave us one of the worst economies in decades.

And if Kamala Harris wins in November, it will only get worse.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston