The impact of US Store Closures in 2023 (08May2023)
Business Insider has provided an article listing store closures by some of the leading retail players in the USA. Here is an extract from their news article dated 3rd May 2023: More than a dozen major retailers have said they will close US stores in 2023, a combined total of over 2,100 locations. Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores. Bed Bath & Beyond is planning to close 896 locations — the most of any retailer on the list. Some of the ones listed with store closures: Bed Bath & Beyond: 896 stores Foot Locker: 545 stores Tuesday Morning: 487 stores Bath & Body Works: 50 stores Gap and Banana Republic: 46 stores Walmart: 22 locations Party City: 31 stores Best Buy: 20 stores Amazon: at least 8 stores Big Lots: 7 stores The RealReal: 6 stores Macy's: 4 stores Target: 4 stores JCPenney: 2 stores While some are trying to pivot into e-commerce & with a lesser reliance on retail outlets, most have cited ...