Bed Bath & Beyond store is closing 416 stores in 2023.Ben Tobin
- More than a dozen major retailers are expected to close at least 800 US stores in 2023.
- Macy's, Walmart, and Big Lots are among the chains shutting down stores.
It's not quite 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 803 stores set to close during the year across the US.
The rationales are varied: some companies are navigating bankruptcy proceedings, while others say they are aiming to cut costs.
Leading the list is housewares giant Bed Bath & Beyond, which once owned more than 1,500 stores across three brands, but is now aiming to end the year with just 480 locations across two brands.
See the full list:
Bed Bath & Beyond: 416 stores
Ben Tobin
Tuesday Morning: 265 stores
Xinhua News Agency / Contributor/Getty Images
Gap and Banana Republic: up to 74 stores
Marina Nazario/Business Insider
Party City: 22 stores
Daysi Calavia-Robertson/Newsday RM via Getty Images
Walmart: 7 stores
The Walmart logo is seen outside a Walmart store in Burbank, California on August 15, 2022 ROBYN BECK/AFP via Getty Images
Big Lots: 7 stores
Bennett Raglin/AP
Macy's: 4 stores
REUTERS/Mike Segar
Macy's will close four stores during the first quarter in shopping malls in California, Colorado, Hawaii, and Maryland, as part of its three-year plan to close 125 locations.
The RealReal: 6 stores
The RealReal, founded in 2011, sells secondhand luxury clothing. Brian Ach/Invision for The RealReal/AP Images
The luxury consignment marketplace is shuttering four stores and two consignment offices across the US to cut approximately $2 million costs.
JCPenney: 2 stores
JCPenney had some more basic security measures. Ben Tobin
Amazon: Unspecified number of stores
Amazon Fresh store Reuters/HENRY NICHOLLS