Retail Chains Stores Are Closing In 2023

Yahoo! Finance reported that Coresight forecast several retailers will close their doors in 2023, as a potential recession looms. Here are 25 retail and restaurant chains that are making cuts to their brick-and-mortar locations this year so far:

• Bed Bath and Beyond 

This year Bed Bath and Beyond is in the process of closing its remaining 360 stores worldwide after filing for bankruptcy in April.

Retail Chain Stores are shuttering their stores rapidly over the last year and are now officially closing all locations leaving plenty of space for other retailers, as real estate has been scarce for large stores.

• Gap and Banana Republic
  

Gap Inc. is planning to shut its 350  Gap and Banana Republic stores across North America by 2023, as the company adapts to both the increase in demand for online shopping and the decline in foot traffic to retail stores.

• David’s Bridal
  

For the second time in five years, David’s Bridal has filed for bankruptcy again. Unless the company attracts a buyer, all of its nearly 300 stores will be closing this year. When the company first filed for bankruptcy in 2018, it emerged two months later with funding from the new owner’s private equity firm Oaktree Capital.

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