America is bracing for a mass exodus of retail stores across the nation this year, with more than 800 big box locations set to close from California to New York.
Among the iconic names to announce they are downsizing includes Bed Bath & Beyond, Walmart, Gap and Party City.
At least 803 stores are set to be shuttered over the rest of 2023, with many forced into desperate cost cutting measures amid rampant inflation and declining bottom lines.
The move comes as numerous industries continue to struggle, including Silicon Valley’s ‘tech wreck’ which has seen over 70,000 jobs lost in recent months.
*Article courtesy of SmartNews
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