Your favorite store may be gone before the year ends. Big-box retailers, grocery stores, apparel chains, home goods companies, and even some very big names like Burger King, GameStop, and Sephora are announcing mass store closings in 2023 due to a series of economic threats emerging everywhere all at once.
Similarly, Kroger is not done closing stores in the U.S. The grocery chain is getting rid of hundreds of locations that have been reporting poor performance and profitability in recent years. Lori Raya, president of Kroger’s Mid-Atlantic Division, said in a statement that the company “could not continue to operate stores that have been losing money for a sustained period of time.”
But according to retail analysts, a much bigger wave of shutdowns may be ahead. Kroger’s merger with Albertsons means that about 500 branches will be chopped so that the companies meet legal requirements. Unfortunately, this also means that thousands of jobs are going to be lost during that process.
Meanwhile, a fourth round of store closings has begun for Macy’s. After shuttering 125 of “its least productive stores” in 2021 and 2022, another 45 locations are now on the retailer’s chopping block. Previously, Macy’s announced that it would slash a fifth of stores and lay off 2,000 employees to allegedly improve productivity.
Last month, CEO Jeff Gennette explained in a statement that the decision came after the company analyzed its sales growth outlook and revenue forecasts for 2023. “Based on current macro-economic indicators and our proprietary credit card data, we believe the consumer will continue to be pressured in 2023, particularly in the first half, and we have planned to adjust our accordingly, ” he said.
Target is now conducting a series of store closings citing declining foot traffic, rising shoplifting cases, and collapsing profits as the reason for the decision, according to a recent report. The first round of shutdowns will hit dozens of grocery stores in Maryland, as well as Virginia, Minnesota, and Pennsylvania.
Executives said the locations haven’t been able to improve performance over the past twelve months, and the retailer’s worsening financial woes are behind the tough decision.
With so many major brands seeing operations crumble in such a short period of time, we can certainly comprehend why retail experts call this crisis an “apocalypse.” Our economic scenario is being ravaged by so many losses.
Consumers and U.S. communities are losing stores that served them for years and will definitely be missed. Struggling stores don’t stand a chance in this unforgiving environment, and it is safe to say that many other chains will follow the same move in the coming months.
The situation is so dire that analysts estimate that by the end of 2023, the national brick-and-mortar footprint may be reduced by up to 20% — the biggest annual decline since the onset of the U.S. retail apocalypse in 2017. We may actually surpass the number of closures seen during the pandemic when thousands of businesses collapsed pretty much overnight.
This is certainly an unprecedented crisis, and in today’s video, we decided to expose which major chains are shrinking their store bases this year so you can have the chance to visit some of these beloved retailers one last time.
Here’s the list:
- Burger King
- Banana Republic
- Stop & Shop
- Gamestop
- Kroger
- Goodwill
- Fossil
- Guess
- Green Zebra
- Macy’s
- McDonald’s
- Urban Outfitters
- Target
- Office Depot
- Foot Locker
- Bath & Body Works
- JCPenny
- Sephora
- The RealReal
- Sprouts
Article and video by Epic Economist.
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
I wonder how many Board Members of these businesses have publicly supported the Moron In Chief and his economic plan?
Joey says he is smarter than all of them combined! Things are looking up! Finish the job! C’mon man! Not a joke. Kamala is the AI czar! The extreme MAGA Republicans. Afurzrwere in Chesapeake Bay! 100 miles an hour. 250,000 jobs! My son did nothing wrong, he’s the smartest guy there is. I’ve got a big press conference. Where’s Jill? The damn dog bit me again. Chocolate chip! Depends. You need F-16’s! Prices are coming down, everything we did is coming into play! I had a length of chain wrapped around my fist! Feeling my leg hair! This isn’t your father’s Republican party! Look. Here’s the deal.
OY! Though I think the economy is going to take a dip… maybe a pretty good one… this article is more fear mongering than reality!
Makes Liberty Daily feel OILY!!!
Liberty Daily is oily. The clown running the site doesn’t pay the authors of articles presented on the site. Why is that? It’s called theft!
How many of these companies are “woke”, pushing the ESG, DIE bull? Resistance works. Patronize companies that love America and respect their customers.
Who uses a ghetto term like “woke”? Such a STUPID word, said by STUPID people.
It’s Benedict Biden’s booming economy on the highway to hell!