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  3. At least 20 major retailers have said they're closing US stores in 2023, amounting to 2,847 locations. Rite Aid is the latest chain planning to close stores, joining a list that includes Amazon and Walmart. Bed Bath & Beyond closed 896 locations amid bankruptcy — the most of any retailer on the list.
    www.businessinsider.com/stores-closing-in-2023-list
    www.businessinsider.com/stores-closing-in-2023-list
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    Why did retailers close so many stores in 2023?This year was a rough one for some major retailers, as illustrated by an 80% surge in store closures in 2023 from the year before, according to Coresight Research. The reasons for this year's more than 4,600 store closures are varied, ranging from the bankruptcy of a major retail chain to some operators closing underperforming locations.
    Why are so many retail stores closing every year?Perhaps most key is the glut of stores in America. According to Morgan Stanley, from 1995 to 2021, more stores closed every year than opened. The trend became popularized as the “retail apocalypse.” So while the big-city closures may capture national attention, in reality they’re often part of closures a brand implements across the nation.
    How many major retail chains have closed store locations?Here are 13 major retail chains that have announced store location closures. In a move that signals a shift in the retail landscape, major industry players are opening smaller-format stores across the country.
    Which major retail stores are closing in US cities?Nordstrom. Walmart. Whole Foods. Starbucks. CVS. These big chains and others have closed stores in major US cities recently, raising alarm about the future of retail in some of the country’s most prominent downtowns and business districts.
     
  5. WEBOct 18, 2023, 9:50 AM PDT. Bed Bath & Beyond closed 896 stores in 2023. Ben Tobin. At least 20 major retailers have said they're closing US stores in 2023, amounting to 2,847 locations. Rite...

  6. WEB5 days ago · 4/22: CBS Morning News 20:32. Express has filed for bankruptcy and plans to close nearly 100 of its 500 retail locations, the Columbus, Ohio-based clothing retailer said on Monday.

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