Retailers shuttered 4,600 stores this year. Here are the ... - CBS News
Bed Bath & Beyond stores disappeared in 2023, with store closures up 80% across the U.S. Still, more stores opened than closed.
www.cbsnews.comI don’t have live access to current news feeds in this moment, but I can share a quick snapshot of recent trends and where to look for the latest updates on mall retailer store closures.
What’s typically driving closures
- Cash-flow stress and debt restructurings at large chains (department stores, pharmacies, and discount retailers) often lead to announced closures or reorganizations. This has been a consistent pattern over the past few years and remains a key signal for mall tenants.[1][6]
- E-commerce competition, shifting consumer shopping behavior, and higher operating costs (rent, wages, security) continue to pressure underperforming mall anchors and second-tier tenants.[7][1]
- Bankruptcy filings or strategic pivots (e.g., refocusing on fewer storefronts, fleet rationalization) frequently precede a wave of store closures, sometimes concentrated in specific regions or mall formats.[8][1]
Where to find the latest, most reliable information
- Major business outlets’ retail trackers and daily news roundups (e.g., CNBC, Bloomberg, Reuters, Wall Street Journal) often publish store-closure tallies and individual company announcements when events occur.
- Retail-specific sites and trade publications (Retail Dive, The Krazy Coupon Lady’s closure trackers, Patch business updates) compile ongoing lists by retailer and geography.
- Company press releases and investor relations pages provide official closure announcements, timelines, and store counts by location.
A few examples of the kinds of closures you’ll commonly see reported
- Pharmacy chains (e.g., CVS Health, Walgreens Boots Alliance) frequently announce closures tied to pharmacy reimbursement changes, theft prevention costs, and consolidation of underperforming locations.[1][7]
- Department stores and specialty retailers (e.g., Macy’s, Kohl’s, Forever 21) have historically reduced footprints through planned closures as part of multi-year restructuring efforts.[3][6][1]
- Discount and off-price retailers can also narrow their presence in certain markets while expanding or maintaining others, depending on lease economics and demand.[7]
If you’d like, I can search for the very latest closures for a specific region (e.g., Malta/Europe, United States, or a particular country), or compile a concise briefing on the top 5 retailers announcing closures this month with links to official announcements. Would you like me to pull targeted, current updates for a specific locale or retailer list?