7 Large Retail Stores That Will Disappear In 2023 | Economic Crisis

7 Large Retail Stores That Will Disappear In 2023 | Economic Crisis

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In 2023 it is predicted that we will see more retail closures than we did in 2022. When store closures happen we see more layoffs which means higher unemployment in a higher chance of a recession. There are many big stores closing in the USA, and it is not going to stop anytime soon. Some are calling this a retail apocalypse, but others say this is just normal economy at work. We will see Sears closing, Macy's closing, JCPenney closing, Barnes & Noble closing, and so many more. Business closures are normal when we see economic slowdown. Retail store closures are going to happen and we need to be prepared. The US economy in 2023 will be different than what it was in 2022. Stores will be disappearing and we will watch with our very eyes. Whether it's a store bankruptcy, a restructuring, or something else entirely oh, this is what we are expecting in 2023. Let me know out of the seven large retail stores that will disappear in 2023 which one are you the saddest to here is going away?

⚠️⚠️⚠️ #recession #layoffs #useconomy2023 ⚠️⚠️⚠️

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[meredithcook]

I loved Kmart prices higher than Walmart but better quality

[map]

I saw this coming for Sears in the late 90s. I was fresh out of college and got a job as a department supervisor at the Paramus NJ which closed three years ago. All of the managers were old and refused to put their ass on the line to change things when home computers and the internet took off. They just wanted things to remain the same as things had since 1970. I was expecting them to close after Christmas. I left in 1998 and never looked back.

[bryantanthonyjr]

As long as grocery store and Home Depot is open Im good

[MuralMan]

Sad to see them go... I know Kohl's will be failing too as well. I went in a Kohl's store the other day and it was like a ghost town! Way more employees than customers. Their stores are too big and not what people want any more.

[gpg]

I had to go into a couple of old fashioned ‘department’ stores about a year ago. Crickets…no other shoppers, no phones ringing just employees who looked like they had already seen the writing on the wall. The internet has eliminated the need for community and, in many cases, personal interaction. Definitely a double edged sword. Sadly, what’s on the horizon is not a ‘recession’.

[yvonnecamacho]

I am upset about all, of them. They were some of the good friends of my younger years. Rest In Peace my friends!

[shaddjohnson]

Hi Adam I'm 60 years old, and because I have memories of shopping at all of them it will be hard for me to see any of them go.

[terrencemosher]

Heart breaking news especially for those losing job. Will miss sears

[barbaraglover]

This so very sad a lot of people are going to out of work

[pammify]

That's sad Sears K-Mart JC Pennys closed here a few yrs ago it was sad because I shopped at these stores.

[The]

Sears and Kmart in my area closed 10 yrs ago

[gloriamorris]

Barnes and Noble is a great store. I am sad to hear about it.

[andrecarter]

Right now, I 'm sad to hear about Sears, JCPenny, Barnes and Nobles and Staples closing their doors. These stores been around since I was a snotty nose kid. I use to see these stores when I'm riding on the trains and busses in NYC 🗽. Damn...

[CarolynFarrington-wfec]

I knew Kmart would close but you’ve got the owner of Sears and Kmart mixed up. The year that this happened Sears was going through bankruptcy and Kmart thinking that they were so smart, Kmart closed down a huge number of non productive stores. With the money Kmart got from selling these stores they bought out Sears . Stupidest thing they ever did. I know all this because I was working for Kmart. I worked there until I reached retirement age. I worked there for 26 years.

[kathybangs]

Sears closed years ago in Nevada also K mart is gone

[JimGEDDIS]

Most of these stores have literally closed around in my area in Michigan.

[Wheely]

My local Foever 21 is closing. I got some really good deals the other day. JCPenny is in the same shopping center so I'll javelin to go see if they have any deals too. So sorry to see them leave though.

[roxannebush]

Thank you Adam for letting us know this jc penny's is the saddest one of all of these Kmart is also sad I loved going to Kmart one of my favorite stores I was also sad to see it go as for sears these are stores we grew up with.

[carollargent]

Where we live that in West Virginia a small town Martinsburg we no longer have a Kmart which was a great store we do have a JCPenney Sears both of them are great stores

[porchswing]

What’s going to happen with the people who retired from the stores going away and are currently getting a pension from them?