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The decline can be traced back to the covid shutdowns. The shutdowns plus inflation caused by the covid shutdowns monetary policy have reduced the average persons spending capacity. Big Lots is just a symptom of a looming depression.
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>Focus on short term quarterly profits for decades, nobody bats an eye
>"Hey guys, the numbers aren't going up anymore. All that shit that's been pushed back and piling up so it won't be on the books this quarter, have finally come home to roost."
>"It must be the fault of millennials," thought the boomers in charge of the sinking ship