A Look At The Retail Stores That Are Closing
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A Look At The Retail Stores That Are Closing

Posted on Wednesday, April 5th, 2023 at 7:10 pm
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Business Insider reported that more than 1,400 stores are closing across the United States in 2023. Are your favorite stores part of that list?

Here is a quick look at the stores that will be closing their doors:

Foot Locker said Monday that it will close as many as 420 stores by 2026 in shopping malls as part of a plan meant to “reset” the company, as well as 125 Champs Sports locations. It also said it aims to open more than 300 “new concept” store in the same period, including locations outside of malls.

416 Bed Bath & Beyond-owned stores in the US have been identified as set to close amid ongoing financial turmoil. The company also filed to shutter all of its 65 stores in Canada. The company, which had 953 North American stores just over a year ago, says it is aiming for a final count of 360 flagship stores and 120 Buybuy Baby locations.

Tuesday Morning is planning its second wave of store closures in three years. The chain filed for Chapter 11 bankruptcy recently. As part of the process, the retailer wants to close 265 stores across the US, or more than half of all of its stores, according to a document filed in bankruptcy court in Northern Texas.

Bath & Body Works is actually expanding its retail footprint this year with 90 new standalone stores and 25 remodels, it told investors the move will involve the closure of about 50 of its mall-based stores. Bath & Body Works’ net gain comes at a loss for US malls that are seeing an exodus of legacy tenants.

Four Banana Republic stores have already closed this year, two years after parent company Gap said it would close approximately 350 Gap and Banana Republic stores by the end of 2023. The company reported in fourth-quarter earnings that it had 912 locations at the end of 2022 and would end 2023 with approximately 866.

Best Buy said it plans to close 20 to 30 of its large-format stores as it opens eight smaller concepts and 10 outlet locations, without specifying where these openings or closures would occur. The company typically closes 15 to 20 large stores per year as leases are reviewed.

Walmart is closing stores in the following states:

Arkansas: 3701 SE Dodson Road, Bentonville (Pick-up only concept)

DC: 99 H Street NW, Washington

Georgia: 1801 Howell Mill Rd NW, Atlanta AND 835 M.L.K. Jr Dr NW, Atlanta

Florida: 6900 US Highway 19 North, Pinellas Park (Neighborhood Market concept)

Hawaii: 1032 Fort Street Mall, Honolulu

Illinois: 17550 South Halstead St, Homewood AND 12690 S. Route 59, Plainfield AND 840 N. McCormick Blvd, Lincolnwood (Pick-up only concept)

Indiana: 3701 Portage Road, South Bend

Minnesota: 1200 Shingle Creek Pkwy, Brooklyn Center

New Mexico: 301 San Mateo Blvd. SE, Albuquerque

Oregon: 4200 82nd Ave. SE, Portland AND 1123 N Hayden Meadows Dr., Portland

Texas: 24919 Westheimer Pkwy, Katy (Neighborhood Market Concept)

Washington: 11400 Hwy. 99, Everett

Wisconsin: 10330 W. Silver Spring Dr, Milwaukee

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