Mega-retailers close a total of 480 stores this year
Several popular companies intended to reduce their portfolio in 2023.
Buyers have seen closing the storefront En masse where the pandemic struck in 2020. But retailers are still struggling to keep things afloat three years later. Recently, record inflation and the evolution of consumer habits have further increased financial problems for most companies. And now, a plethora of companies make cuts at their fleet accordingly. In fact, many mega-retailes have closed stores in recent months or have confirmed that they were closing the stores this year. Read the rest to find out more about the 480 store closures which are already set for 2023.
Read this then: Communities are fighting against Dollar General and Dollar Tree - This is why .
Bed bathtub and beyond
Total number of stores closing: 400
No mega-detainers take as much success as Bed bathtub and beyond This year. In February 2023 regulatory deposit , the company has revealed that current plans for its "program to optimize the fleet of stores" now include more than 400 closures. There were initially 200 -bedroom stores and Beyond who will close in 2023, but the retailer decided to close around "150 additional" stores "of its flagship brand. The company also closes its entire Harmon brand this year by closing the 50 remaining stores in the United States
"In response to the evolution of purchase preferences today, this target store base includes the most profitable locations of the company and the best geographic presence for customers who can allow an optimal omni-experience", a Bed Bath & Beyond spokesperson Said previously Better life Regarding its closing plans.
Gap
Total number of stores closing: 50
Gap, Inc., also gets rid of several stores for two of its popular brands this year. During a March 9 profit call , Financial director Katrina O'Connell confirmed that the company planned to "close 50 to 55 Gap and Banana Republic stores" in 2023. These new closures accumulate on the work gap since 2020, when it announced that it was Plan to close A total of around 350 store stores and banana across North America over the next three years.
"While we adapt to the current market conditions and respond to the increase in online demand, we examine our real estate considerably to support the best way to follow," said Gap on his website, noting that the overall transformation was set "with the aim of having a smaller and healthier fleet of stores."
Walmart
Total number of stores closing: 14
Walmart is already making its way with store closings this year also. Since February 2023, the Mega-Détailletant has been continuously confirming reports that it will be released several "underperforming" locations. A total of 14 Walmart stores are affected so far. This includes the last two concepts of remaining collection stores of the retailer in Bentonville, Arkansas, and Lincolnwood, Illinois, both closed on February 17. Then in March, buyers saw Walmart stores in Washington D.C.ET in several states: Wisconsin: Wisconsin, New Mexico, Florida, Illinois and Oregon.
"We are grateful to customers who have given us the privilege of serving them", " Felicia McCranie , Director of World Communications at Walmart, previously said Better life on closures. "We are impatient to serve them in our other stores in the surrounding communities and on Walmart.com."
Four other locations should close this month. On April 21, Walmart stores will be closed to South Bend, Indiana; Brooklyn Center, Minnesota; Honolulu Hawaii; And Everett, Washington.
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Amazon
Total number of stores closing: 8
Notable Walmart Rival Amazon also takes an ax at its physical imprint. Although it works mainly as an online market, this mega-detailing has a variety of different retail stores located in the United States, but several are now closed in 2023. Amazon announced in March that it provided for Permanently close Eight of his 29 Amazon Go convenience stores, CNN reported. The closures include two locations in Seattle which had already been temporarily closed. The other six stores are expected to close on April 1, with two located in New York and four in San Francisco.
"Like any physical retailer, we periodically assess our store portfolio and make optimization decisions along the way. In this case, we have decided to close a small number of Amazon Go stores in Seattle, New York and San Francisco "," Amazon told CNN in a March declaration. "We remain attached in Amazon Go format, operating more than 20 Amazon Go stores in the United States and will continue to learn which locations and features resonate most of customers then that we continue to evolve our Amazon Go stores.
Target
Total number of stores closing: 4
Buyers received another devastating blow in March when Target announced that it would close several locations. The Mega-Détaillant confirmed that four stores are ready to hold their Last day of activity May 13. This includes two locations in the metropolitan region of Washington, D.C., one in College Park, Maryland and the other in Falls Church, in Virginia. The other two stores target store closing are located in Philadelphia and Minneapolis.
"The decision to close one of our stores is not something we take lightly," said a target spokesman previously Better life . "It is an action that we only take after several years of work to improve performance." AE0FCC31AE342FD3A1346EBB1F342FCB
Macy
Total number of stores closing: 4
Similar in Target, Macy's plans to get rid of at least four stores In 2023. The department store confirmed Axios closings at the start of the year, which should occur at the end of April or early May. The fourth Macy's Stores Closing are located in Fort Collins, Colorado; Kaneohe, Hawaii; Gaithersburg, Maryland; and Los Angeles.
These closures are also part of a transformation that has been taking place for years. In 2020, the company announced for the first time that it planned to permanently close a total of 125 stores in the next three years.
"As part of our polaris transformation strategy, we continue to optimize and reposition our fleet of stores to make sure that we have the right mix of stores in terms of preparations and leave to better serve our customers and support Effectively the growth of the omnichannel market sales, "said the spokesman previously told Better life in a report. "As a business, we are committed to offering colleagues affected a role in nearby places or starting packages."