- More than a dozen major retailers have said they will close US stores in 2023, a combined total of over 2,280 locations.
- Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores.
- Bed Bath & Beyond closed 896 locations amid bankruptcy — the most of any retailer on the list.
It’s not exactly the retail apocalypse of prior years, but it’s a shakeup nonetheless.
An Insider tally of announcements by major retailers in 2023 finds as many as 2,280 stores set to close across the US.
The rationales are varied: some companies are navigating bankruptcy proceedings, while others say they are aiming to cut costs. Several are adjusting store formats to meet changing shopping trends.
Leading the list is Bed Bath & Beyond, which has declared bankruptcy closed 896 stores across three brands this year, followed by Foot Locker, which is shuttering 545 stores across two brands by 2026 as part of a shift away from shopping malls.
See the full list:
Source link: https://www.businessinsider.com/stores-closing-in-2023-list
