Time To Say Goodbye – These 12 Retail Chains Are Closing Stores in 2023
I have several friends who work in the retail industry and trust me, it can be unpredictable. Those of you in it already know. Things aren't promised even if you're working for a well-loved and established company. From Walmart to Target and even designer stores, it looks like no one is safe from downsizing.
Investing Magazine sheds some light on the situation. They comprised a list of retail stores, big and small, that all have one thing in common. Store closures coming in 2023. As a former business owner myself, I can tell you, your business status can change at a moment's notice and without warning. Some are calling this past year a brutal one for business. Let's take a look at some of the stores closing locations in the new year. See how many you recognize.
LOOK: THESE 12 RETAIL CHAINS ARE CLOSING STORES IN 2023
Target
Year Established: 1902
Number of Stores Closing: 13
Walgreens
Year Established: 1901
Number of Stores Closing: 200
Macy's
Year Established: 1858
Number of Stores Closing: 125 (over the next 3 years)
Starbucks
Year Established: 1971
Number of Stores Closing: 400
Bed Bath & Beyond
Year Established: 1971
Number of Stores Closing: 43
Victoria's Secret
Year Established: 1977
Number of Stores Closing: 50
American Eagle Outfitters
Year Established: 1977
Number of Stores Closing: Up to 250
Kohl's
Year Established: 1962
Number of Stores Closing: 27
Game Stop
Year Established: 1984
Number of Stores Closing: 180-200
Walmart
Year Established: 1962
Number of Stores Closing: 154
Bath & Body Works
Year Established: 1990
Number of Stores Closing: 50
JCPenney
Year Established: 1902
Number of Stores Closing: Up to 90
This is just a sample of all the businesses closing locations soon. The complete list has nearly 200 different retail companies. But the news isn't all bad. So far Abilene stores are safe and show no signs of shutting down.
That means there are still plenty of great places to do your shopping in Abilene, and that's a good thing with Christmas only days away. The 12 Days of Christmas are upon us, and around this area, we celebrate a little differently. Look below and you'll see what I mean.
