- More than a dozen major retailers have said they will close at least 1,412 US stores in 2023.
- Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores.
- Bed Bath & Beyond is planning to close 416 locations — the second most of any retailers 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 at least 1,412 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 Foot Locker, which is shuttering 545 stores across two brands by 2026, followed by Bed Bath & Beyond, which is set to close 416 stores across three brands this year.
See the full list: