We got kind of a break from the retail apocalypse in 2022, but now we’re seeing lots more stores closing in 2023, fueled by lots of economic uncertainty.
Lots of store chains — particularly the mall-based ones — are struggling right now, and some are calling it quits. We’ve listed every major chain that’s closing 10 or more stores in 2023, and will keep this updated as news breaks. Not all of these stores are having liquidation sales — some more product around to other stores — but when there are savings to be had, we’ll let you know in this list.
Speaking of which, it’s probably a good time to brush up on how liquidation sales work, so you can be ready for all the closeout savings that are headed your way.
First: Jane.com has shut down operations.
Jane.com abruptly shut down on November 17, 2023. It was an online marketplace for women’s fashion, home decor, and children’s clothing. This closure left sellers, mainly from women-owned small businesses, and shoppers in a bind.
The site now displays a “down for maintenance” message, with communication on social media restricted. Shoppers not receiving orders should contact Jane.com, then possibly dispute charges with their credit card company. The shutdown unexpectedly left employees jobless and without benefits, while sellers are reporting significant unpaid dues, including one vendor who says she was owed $35,000.
1. Rite Aid will be closing 400-500 stores soon as part of bankruptcy filing.
Rite Aid filed for Chapter 11 bankruptcy on Oct. 15, 2023, and as part of their financial restructuring, they’ll be closing 400-500 of their 2,200 stores — which is 18-23% of their total stores — likely within the coming months. There’s an unofficial Reddit thread where people are posting about which stores are closing.
The third-largest pharmacy chain has experienced declining sales, a tanking stock price, as well as mounting debt. They’re currently $3 billion in debt, and are in the midst of opioid-related lawsuits.
Stores have already started closing. Although there won’t be any true liquidation sales, customers have said that their closing stores have a lot of product discounted 50-75% off.
2. Tuesday Morning has closed all 487 stores.
Tuesday Morning filed for Chapter 11 bankruptcy earlier this year and closed 265 stores, hoping to emerge more financially stable, but that didn’t pan out. Now the remaining 222 stores are shutting down and holding Tuesday Morning liquidation sales — with a target of closing by early summer.
3. Foot Locker is closing up to 420 stores.
Foot Locker’s plan to close up to 420 of their 1,300 North American mall-based stores by 2026 represents a closure of approximately 32.3%. Instead, they’re looking to open around 300 smaller, freestanding stores geared toward kids, “sneakerheads”, and higher-priced items.
4. Burger King is closing up to 400 locations.
Burger King is planning to close 300 to 400 restaurants in the US by the end of 2023, which is 5% to 7% of the total locations in the country. Add to that the 124 closures that have already happened this year, and the total number of Burger King locations in the US will drop below 7,000. The CEO maintains that it’s pretty typical for the company to close “a couple hundred” Burger King locations each year.
5. Bed Bath & Beyond has closed all 360 of their stores.
After struggling for years, Bed Bath & Beyond filed for bankruptcy and is winding down operations. They’ve closed all of the 360-or-stores left, and liquidating, as Overstock.com prepares to change their name to… wait for it… Bed Bath & Beyond.
6. CVS is closing 300 stores — every year through 2024.
CVS is planning to close 300 stores each year from 2022 to 2024. Even though it sounds like a lot, it’s about 9% of their 10,000 stores in the U.S. The stores that are more likely to close are in areas where there are already lots of CVS stores. Don’t expect any big closing sales, though.
The company is also looking at changing some stores into different things like health clinics or CVS HealthHUBs, which offer more than just pharmacy services. They’re doing all this to fit changing customer habits, which include more online shopping and curbside pickup.
7. Walgreens is closing 150 stores.
After they missed some profit goals this year, Walgreens announced plans to shut down 150 stores by August 2024. That’s nearly 1.7% of their nearly 9,000 U.S. stores. They haven’t yet announced which stores will be closing, but regardless — don’t expect liquidation sales. The drugstore chain will likely move products around to the 98.3% of stores left.
You can create your own liquidation sales with our list of Walgreens deals under $1.
8. Champs Sports is closing 125 stores.
As part of parent company Foot Locker’s business reorganization, 125 underperforming Champs Sports locations will close before the end of 2023 — representing 1/4 of their total locations.
RELATED: Browse all of KCL’s many shoe deals to get clearance-level discounts.
9. buybuy Baby has closed all 122 of their stores.
As part of Bed Bath & Beyond’s bankruptcy filing, all 122 BuyBuy Baby stores in 37 states will close. BuyBuy Baby liquidation sales will reportedly run through June 30, 2023 — although some stores are reportedly staying open longer, as they receive items from other stores.
But… they could make a comeback, as there’s going to be a bidding war for BuyBuy Baby’s assets. One bidder in particular says they would want to keep physical stores open.
10. Journeys is closing 100+ stores.
Footwear, apparel, and accessories retailer Journeys will close over 100 stores next year, exceeding their previous closure plans, due to a decline in sales and changing consumer demand. The increased store closures aim to save the company up to $40 million and allow Journeys to adapt.
11. Christmas Tree Shops has closed all 82 stores.
Christmas Tree Shops filed for Chapter 11 bankruptcy on May 5, but their financial plan hasn’t worked out. Now they’re liquidating all 82 stores and shutting the formerly-owned-by-Bed-Bath-and-Beyond brand down for good. Liquidation sales start at 10-30%, with the biggest discounts on fall/Halloween seasonal merch.
It’s pretty much a done deal. A Christmas Tree Shops exec said on June 30, 2023, that the store chain is up for sale, and if they’re unable to find a buyer by July 5, they’ll liquidate all stores.
12. Bath & Body Works is closing 50 mall stores.
Bath & Body Works plans to close approximately 50 mall stores in 2023, buuuut… they’re also working on around 115 real estate projects during the same time period. The projects include opening approximately 90 new stores not located in malls and redesigning 25 White Barn Candle Company stores.
The closures are happening in the following states: Alabama (1 location), Arizona (2), California (6), Florida (1), Georgia (2), Idaho (1), Michigan (1), Minnesota (2), Missouri (1), Mississippi (1), New Jersey (1), New York (7), Ohio (1), Pennsylvania (2), Texas (2), Virginia (1), and Washington (4).
13. Harmon has closed all 50 of their stores.
Another casualty of the Bed Bath & Beyond bankruptcy is their health and beauty subsidiary, Harmon. All of their remaining 50 stores closed at the end of June 2023 as part of the company’s wind-down.
RELATED: Browse our beauty deals for liquidation-level savings.
14. David’s Bridal is closing 49 stores by fall.
David’s Bridal filed for bankruptcy this year, and just got a new owner. They’re laying off thousands of people and closing 49 stores this summer. No liquidation sales have been announced yet — and there may not be any — but it looks like the company isn’t going to die just yet.
15. Shoe City has closed all 39 of their stores.
Shoe City, a Baltimore-based retailer of footwear, apparel, and accessories, filed for bankruptcy on March 31, 2023, and closed all 39 of its stores, including ycmc.com, as of May 31, 2023.
16. Party City is closing 31 stores.
Party City, the popular party supplies retailer, has been hit hard by the pandemic and supply-chain challenges. They’ve filed for Chapter 11 bankruptcy protection and will close 31 total stores in 2023, which is about 3.8% of their total 823 locations.
17. Best Buy is closing up to 30 stores.
Best Buy plans to close 20 to 30 of their stores in 2023 — which is a little higher than their normal pace of 15-20 closures per year — and they’re gonna open eight smaller concept stores and 10 outlet locations. They haven’t announced where and when these openings or closures will occur. Don’t expect liquidation sales; Best Buy would likely transfer product to other stores or to be sold via BestBuy.com.
18. Boston Market has closed 50 locations.
Boston Market is grappling with financial problems, leading to recent closures of 50 more stores this year, along with legal troubles. In August 2023, New Jersey’s Labor Department ordered 27 locations to close temporarily after an investigation found that the chain owed more than $600,000 in back wages to 314 employees.
Those developments are just part of Boston Market’s financial problems, bringing the total number of closures this year to about 50. Between 2017 and 2022, the Golden, Colorado-based chain closed 161 stores, according to Market research firm Technomic reported that the chain has closed 161 stores between 2017 and 2022. That company says that there are now only about 250 locations left.
19. Walmart is closing 22 stores.
It’s been reported that Walmart will close 22 stores across 12 states and Washington, D.C. in 2023. Walmart is set to close a mix of Supercenters, Neighborhood Markets, and Pickup-only stores. Of course, Walmart isn’t in trouble or anything, so they aren’t doing any liquidation sales. (But they’re always doing Walmart Clearance!)
The affected stores are located in Arkansas (1), Georgia (2), Florida (1), Hawaii (1), Illinois (7), Indiana (1), Minnesota (1), New Mexico (1), Oregon (2), Texas (1), Washington (1), and Washington, D.C. (1). The decision to close four locations in Chicago in April was based on financial losses, while the Portland (OR) stores were not meeting financial expectations and reportedly experienced record theft.
RELATED: No need to go to the store when Walmart grocery delivery exists. Here’s how to still save.
20. Nordstrom is closing 15 stores.
Nordstrom says they’re getting out of downtown San Francisco due to crime, and they’re closing their flagship store and their Nordstrom Rack location there. They’re also closing all 13 of their Canadian locations.
21. Lidl is closing 11 supermarket locations in six states.
According to Business Insider, a handful of Lidl locations recently shuttered in 2023 due to underperformance. The German supermarket — often compared to Aldi — closed two locations in New Jersey (Burlington and Howell), two locations in North Carolina (Cary and Thomasville), two locations in Maryland (Brooklyn Park and Oxon Hill), two locations in South Carolina (Florence and North Augusta), two locations in Virginia (Charlottesville and Richmond), and one location in Pennsylvania (King of Prussia).
22. HomeGoods has closed their online store.
After just two years, HomeGoods has closed their online store. The company says the online store wasn’t making much money; sales represented less than 1% of their total for the year. But if you’re a fan of HomeGoods’ sister companies TJMaxx, Marshalls, or Sierra — don’t worry. Their online stores are staying open. It’s just HomeGoods that’s going offline. All 900 brick-and-mortar stores will remain open.