- At least 20 major retailers have said they will close US stores in 2023, a combined total of 2,847 locations.
- Rite Aid is the latest chain planning to shut down stores, joining a list that includes Amazon and Walmart.
- Bed Bath & Beyond closed 896 locations amid bankruptcy — the most of any retailer on the list.
It's not exactly the retail apocalypse of prior years, but it's a shakeup nonetheless.
An Insider tally of announcements by 20 major retailers in 2023 finds as many as 2,847 stores set to close across the US.
The rationales are varied: Some companies are navigating bankruptcy proceedings, while others say they are aiming to cut costs. Several are adjusting store formats to meet changing shopping trends.
Rite Aid is the latest to join the list with 154 drugstores slated to close as the struggling pharmacy negotiates a bankruptcy deal.
Topping the list of retailers shedding locations was Bed Bath & Beyond, which declared bankruptcy and closed 896 stores across three brands this year, followed by Foot Locker, which is shuttering 545 stores across two brands by 2026 as part of a shift away from shopping malls.
See the full list: