This is one of the most stunning collapses from a sold and well established retailer...
Big Lots has gone from $70+ per share to $1 - the company is near bankruptcy…
Unfortunately, the retail sector is in for a rude awakening…
There will be a massive wave of retail companies that will crumble over the next 12 to 24 months… Restaurants too…
Not stunned tbh. Even last season's stale novelty cereals were too expensive there. Who is running out to Big Lots to spend money anymore? They used to have a unique blend of stuff and cool holiday decor. They used to have good deals for every day things. Now it's just the same junk as everywhere else, except more expensive. It should have started collapsing a couple of years ago.