By FITSNEWS || Just before the Columbus Day holiday weekend began, regional grocery store chain Bi-Lo announced additional store closings in South Carolina – this time in the Upstate.
In addition to shuttered supermarkets in Cheraw and Bennettsville, S.C. (costing 130 jobs), the Jacksonville, Florida-based retailer said it is also closing stores in Greenville and Taylors, S.C.
Add all four closings together and 260 people will lose their jobs by November 19 … just in time for Thanksgiving.
Say it with us, everybody: “It’s a great day in South Carolina?”
According to Bi-Lo, the Greenville and Taylors stores simply weren’t generating enough revenue – yet another sign of the Palmetto State’s flagging consumer economy. Two years ago Bi-Lo moved its corporate headquarters from Greenville, S.C. to Jacksonville, Florida – taking hundreds of jobs with it.
Incidentally, Greenville County is currently contemplating a new sales tax hike … one which would raise taxes on groceries (contrary to public statements made by city council members).
We oppose such a tax hike on principle …
As we noted in our previous reporting on the Bi-Lo closings, South Carolina’s economic situation is not what S.C. Gov. Nikki Haley claims it is. It’s worse – much worse. In fact the state’s labor participation rate in August was 57.9 percent – the sixth-lowest rate in America.
That means only 57.9 percent of the state’s working age population is employed or actively looking for a job. Meanwhile the Palmetto State’s income levels rank 44th nationally.
Since taking office in 2011 Haley has celebrated plenty of government-subsidized “jobs” announcements, to be sure, but these bailouts (which don’t always pan out) come at a cost to individual taxpayers, small businesses and our state’s broader consumer economy.
Read more at https://www.fitsnews.com/2014/10/08/small-town-sc-job-losses/#KqzDhaFBPfzjrOCZ.99