 Not as upscale as Target or even Walmart, Big Lots is a discount chain of about 1,300 stores, around 40 of which will be closing. The company, headquartered in Columbus, Ohio, says inflation cut into its customers' bottom line and they just weren't spending as much. Bankruptcy isn't out of the question. If so, Big Lots could become the latest Ohio-based company to file, including Bed Bath & Beyond, Red Lobster, and Rite Aid.