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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

Homeware giant Bed Bath & Beyond is planning to close 416 of its stores this year as the struggling retailer struggles to stay afloat

Homeware giant Bed Bath & Beyond is planning to close 416 of its stores this year as the struggling retailer struggles to stay afloat

Tuesday Morning is planning the second most number of stores in the nation this year, shuttering over half its location as it battles bankruptcy

Tuesday Morning is planning the second most number of stores in the nation this year, shuttering over half its location as it battles bankruptcy 

Topping the list of brands to close down their stores is houseware giant Bed Bath & Beyond. 

The retailer once owned more than 1,500 stores across America, but a recent purge has seen it aim to end the year at just 480. 

The company has suffered through a tumultuous few months in the leadup to its latest decision, including massive losses, the death of its CEO, and an activist investor selling a huge stake in the company. 

At least 416 of its US stores have been identified for closure, while every one of its 65 stores in Canada are also set to be shut down. 

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Despite owning 953 locations across North America just a year ago, by the end of 2023 there will be only 360 flagship Bed Bath & Beyond stores in America alongside 120 Buybuy Baby locations. 

The state that will be hit the worst is California, which will see 35 stores close, while Florida will lose 21, New York will lose 23, and Illinois will lose 18. 

Second on the list of stores looking to close up shop is Tuesday Morning, which is shutting down more than half its locations in a desperate move to survive bankruptcy. 

The home goods company is closing 265 stores as it struggles to survive, which will be its second wave of store closures in three years. 

Its massive reorganization comes as the chain filed for Chapter 11 bankruptcy this month, meaning it is now forced to close its least profitable stores. 

These have primarily fallen in California, which will see 30 stores closed, Florida, which will lose 23, and Texas, which will lose 19. 

Other states set to see large closures includes Virginia with 10, Georgia with 12 and Colorado with 14. 

Many of America's biggest retail brands are planning store closures this year, including Walmart which will close locations in Illinois, Wisconsin, New Mexico, Florida and Arkansas

Many of America’s biggest retail brands are planning store closures this year, including Walmart which will close locations in Illinois, Wisconsin, New Mexico, Florida and Arkansas

At least 803 retail stores are set to be shut down over the rest of 2023 amid rampant inflation and a declining economic outlook

At least 803 retail stores are set to be shut down over the rest of 2023 amid rampant inflation and a declining economic outlook

Party City stores continue to announce closures as industry struggles plague America's big box retailers

Party City stores continue to announce closures as industry struggles plague America’s big box retailers

Up to 74 Gap stores are also set to be closed in 2023, coming after the parent company closed four of its Banana Republic stores this year already. 

The massive closures come a fter the firm announced two years ago that it would be closing roughly 350 stores by the end of 2023. 

And while most of the damage has already been done after 276 stores have been shuttered since the announcement, 74 remain set for the chopping block. 

While the company does not have a precise list of where the closures would come, if it’s closed down stores from the last two years are anything to go by then California will be hit the worst, after already losing 30 stores. 

Meanwhile Party City is also expected to downsize, with 12 locations currently up for auction across the nation. 

The store is another big brand to face bankruptcy, with a further 10 stores closing throughout February as the company navigates its attempt to stay afloat. 

The state that will lose the most Party City locations is New York with five, followed closely by Michigan with four. 

Also on the list includes West Virginia, Missouri and Georgia with two each, while Iowa, Illinois, Louisiana, New Jersey, Oklahoma, Oregon and Texas are all losing one. 

Walmart is among the highest-profile brands also looking to cut down its high street presence this year. 

The iconic retailer is shuttering five big box stores and its last two remaining pickup-only locations, citing poor revenue. 

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Walmart’s closures come after the store routinely closes a handful of stores across the nation every year, with this year’s states to be hit chosen as Illinois, Wisconsin, New Mexico, Florida and Arkansas. 

Big Lots is also closing down seven stores this year, with the discount chain looking to target small towns and move away from urban areas. 

California will see three locations closed down, while Colorado will lose four. 

Shopping mall staple Macy’s is closing four stores in the first quarter of 2023, with malls in California, Colorado, Hawaii and Maryland losing out. 

The closures are part of Macy’s three-year plan to close 125 locations. 

Another store to close a handful of locations includes The RealReal, which will shutter four stores and two consignment offices across the nation as it looks to cut $2 million in costs. 

And after closing down over 150 stores since 2020, JCPenney is also planning to close its locations in Oswego, New York and Elkhart, Indiana this year. 

Rounding out the list is Amazon, who have announced that they are closing several of its Fresh grocery and Go convenience stores. 

The online retail giant is also pausing its planned expansion while it reevaluates its in-store strategy, with many of the US’s biggest brands also struggling to cope with a dip in the economy. 

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