Stores Closing Include Amazon, Walmart, and Bed Bath & Beyond in 2023

May 2024 ยท 1 minute read

An Insider tally of announcements by 20 major retailers in 2023 finds as many as 2,847 stores have closed or are set to close across the US.

The rationales are varied: Some companies are navigating bankruptcy proceedings, while others say they're aiming to cut costs. Several are adjusting store formats to meet changing shopping trends.

Rite Aid is the latest to join the list, with 154 drugstores set to close as the struggling pharmacy negotiates a bankruptcy deal.

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Topping the list of retailers shedding locations is Bed Bath & Beyond, which declared bankruptcy and 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:

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