• Target to Close 9 Stores Next Month

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    Target will be closing nine stores for good across the country on October 21st. The company has been very vocal about organized retail crime at its stores which is threatening the safety of its staff and guests resulting in unsustainable business performance. The company has suffered huge losses from goods that were damaged, misplaced, or stolen.

    List of Locations where Stores will close:

    • 1 in New York City’s Harlem neighborhood
    • 2 in Seattle
    • 3 in San Francisco-Oakland area
    • 3 in Portland, Oregon

    Giant retailers also kicked off the year with store closures. Store closures are standard practice among traditional retailers who often evaluate the profitability of each location. In this round of closures, however, more retailers are taking the digital experience into consideration as well as the location and appropriate size of their stores. You can find a list of these retailers affected by closures below:

    Rite Aid is Closing 400-500 Stores

    As of October 15th 2023, Rite Aid has filed for bankruptcy. Stores have already begun to close and it’s planned for this number to rise up to 400-500 out of 2 200 stores within the following months. People have been posting on an unofficial Reddit threat about which store locations will be closing .

    As they’re currently dealing with an opioid-related lawsuit and debt of $3 billion, this result was inevitable. Many customers have spotted a huge product discount (50%-70% off) at the closing stores.

    Boston Market is Closing!

    A man reads a stop work order posted on the door of a Boston Market restaurant in Hackensack New Jersey

    As of September 2023, Boston Market is grappling with significant challenges, resulting in the closure of numerous locations. Over the past year, the company has shuttered more than 50 restaurants, including 27 establishments in New Jersey, which were forced to close due to unpaid wages as ordered by the state’s Department of Labor. This has left them with approximately 300 remaining locations, from a peak of 1,200.

    The company’s struggles have persisted for several years, with issues ranging from an outdated menu and high prices to inconsistent food quality. In addition, the ongoing labor shortage has made it increasingly difficult to adequately staff their restaurants.

    Looking ahead, Boston Market will focus on its most profitable locations while discontinuing operations in areas where performance is subpar. Customers Should be prepared to see more closure in the coming months.

    Walgreens is Closing 150 Stores

    Walgreens Store Front

    By August 2024, Walgreens announced plans to shut down 150 storesbut has not announced which locations will be closed! That’s nearly 1.7% of their nearly 9.000 US stores! Store closings are just some of the company’s cost-saving measures because they failed to meet earnings expectations – about 59% below the previous year! All products will be moved around to the 98.3% of stores left.

    Walgreens expects to save $3.3 billion by the end of 2023 and another $800,000 in 2024. The company will end stimulus funds and the resumption of student loan payments!

    Burger King Closing Up to 400 Locations

    Burger King Store Front

    By the end of 2023, Burger King is planning to close up to 400 restaurants in the US – that’s up to 7% of the total locations in the country! After earlier 124 closures this year, the total number of Burger King locations in the US will drop below 7.000!

    Best Buy Closing Up to 30 Stores

    Best Buy Store Front

    Best Buy is planning to close up to 30 stores in 2023 – which is a little higher than their normal pace of 20 closures per year! They plan to open eight smaller concept stores and ten outlet locations. The products will be moved to the other stores so there are no liquidation sales.

    Walmart is Closing 22 Stores

    Walmart Store Front 1

    Walmart will close 22 stores across 12 states and Washington, D.C. in 2023.

    Locations are:

    • Arkansas 
    • 2 in Georgia 
    • Florida
    • Hawaii
    • 7 in Illinois
    • Indiana 
    • Minnesota
    • New Mexico
    • 2 in Oregon
    • Texas
    • Washington
    • and Washington, D.C

    Tuesday Morning is Closing All 487 Stores

    Tuesday Morning Store Front

    Closing by early summer, Tuesday Morning is shutting down the remaining 222 stores after earlier bankruptcy this year and closing 265 stores! They are offering liquidation sales with a target of closing by this summer!

    Foot Locker Closing Up to 420 Stores

    Foot Locker Store Front

    By 2026, Foot Locker is planning to close up to 420 mall-based stores, and open 300 smaller, freestanding stores!

    Champs Sports Closing 125 Stores

    Champs Sports Store

    By the end of 2023, Champs Sports which is a part of Foot Locker’s Business Reorganization is planning to close 125 store locations – or 1/4 of their total locations.

    Journeys Closing Over 100 Stores

    Journeys Store Front

    Journeys will close over 100 stores next year exceeding their previous closure plans, due to a decline in sales and changing consumer demand. This closer will save the company up to $40 million!

    Macy’s Closing 4 Stores

    Macys Store Front with an Illuminating Sign

    Macy’s announced at the beginning of the year that it will shutter more stores in 2023. It will close 4 mall-based stores, in Los Angeles; Fort Collins, Colorado; Oahu, Hawaii; and Gaithersburg, Maryland.

    Here’s the store list:

    • California Macy’s store closures: Los Angeles: Baldwin Hills Crenshaw Plaza, 4005 Crenshaw Blvd.
    • Colorado Macy’s store closures: Fort Collins: Foothills Mall, 215 E Foothills Pkwy.
    • Maryland Macy’s store closures: Gaithersburg: Lakeforest Mall, 701 Russell Ave.
    • Hawaii Macy’s store closures: Kaneohe: Windward Center, 46-056 Kamehameha Hwy.

    Big Lots Closing 7 Stores

    Big Lots Store Front

    Big Lots is also shutting down 7 stores around major cities and opening in smaller towns. The latest closures include stores in urban and suburban parts of California and Colorado. Some of those closures are happening because Big Lots plan to sell the underperforming store sites to increase revenue. Their strategy is going to be increasingly oriented towards these rural small-town stores where the economics are significantly stronger than in the urban stores. The shutdowns of all 7 stores are expected to happen before the end of 2023.

    Rite Aid Will Possibly be Closing 500 Stores

    In late September, The Wall Street Journal reported that Rite Aid may be considering closing up to 500 of its 2,200 locations as part of a potential plan to file for Chapter 11 bankruptcy. That represents roughly 25% of all of their locations. With a debt of over $3 billion, and with the sales decreasing it is a big possibility, but the company claims they haven’t made any choices yet and are still speaking with the people they owe money to.

    CVS is Closing 900 Stores

    CVS Storefront

    From 2022 to 2024, CVS is planning to close 300 stores each year, or a total of 900 stores – 9% of their 10,000 stores across the country.  Stores that are more likely to close are in locations where there are already more than enough CVS stores needed.

    Some of those stores will not totally close but will be changed to health clinics or CVS HealthHUBs as CVS is looking forward to offering more than just pharmacy services. These are all done to accommodate changing customer habits, including more online shopping and curbside pickup.

    Christmas Tree Shops Closed All Their 82 Stores

    Christmas Tree Shops

    On May 5th, Christmas Tree Shops, formerly owned by Bed Bath and Beyond brand, filed for Chapter 11 bankruptcy. On June 30th, 2023, A Christmas Tree Shops executive stated that the store chain was up for sale but most likely did not get a buyer by July 5th, 2023 which resulted in the closing of all their 82 stores.

    Bath & Body Works will be Closing 50 Mall Stores

    Bath & Body Works Store Front with Products on Shelves and People Shopping

    In 2023, while Bath & Body Works is working on about 115 real estate projects, it also intends to close about 50 mall locations. The projects involve remodeling 25 White Barn Candle Company stores and opening about 90 new stores outside of malls.

    Here is the list of States where stores will be closing:

    • Missouri – 1 store location
    • Mississippi – 1 store location
    • Alabama – 1 store location
    • New Jersey – 1 store location
    • Virginia – 1 store location
    • Ohio – 1 store location
    • Idaho – 1 store location
    • Florida – 1 store location
    • Michigan – 1 store location
    • Minnesota – 2 store locations
    • Pennsylvania – 2 store locations
    • Georgia – 2 store locations
    • Texas – 2 store locations
    • Arizona – 2 store locations
    • Washington – 4 store locations
    • California – 6 store locations
    • New York – 7 store locations

    David’s Bridal Closed 49 Stores

    Davids Bridal Store in Black and White

    This year, David’s Bridal filed for bankruptcy, and it recently got a new owner. This summer, they closed 49 locations and are laying off thousands of workers. No liquidation sales have been publicized as of yet.

    31 Party City Stores will be Closing

    Party City Store

    Party City filed for Chapter 11 bankruptcy protection and will close 31 total stores in 2023, which is 3.8% of their total of 823 stores. A well-known retailer of party supplies has been severely impacted by the epidemic and supply-chain issues.

    Nordstrom will be Closing 15 Stores

    Nordstrom Store Front

    Due to criminality, according to Nordstrom, they are leaving downtown San Francisco and closing both their flagship store and the Nordstrom Rack site there. Additionally, all 13 of its stores in Canada are closing.

    11 Lidl Supermarket Locations are Closing

    Lidl Store

    Business Insider reports that a few Lidl stores recently closed in 2023 as a result of poor performance.

    List of States where Lidl Stores Closed:

    • Pennsylvania – 1 location closed(King of Prussia)
    • Virginia – 2 locations closed (Charlottesville and Richmond)
    • New Jersey – 2 locations closed (Burlington and Howell)
    • North Carolina – 2 locations closed (Cary and Thomasville)
    • South Carolina  – 2 locations closed (Florence and North Augusta)
    • Maryland – 2 locations closed (Brooklyn Park and Oxon Hill)

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  • 41 good-looking people commentedLeave a comment
    1. 1

      this is scary ! it’s not fair I live in an area where retail theft is high and a lot of my favorite stores r closing down 🙁

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