In 2022, retail sales were hammered by persistent high inflation and weak consumer demand—and 2023 isn’t much better. Economists from S&P Global Market anticipate only 0.5 percent sales growth, but that equals a 0.1 percent decline when accounting for inflation.
Some retailers feel the pinch more than others and have begun closing stores. Even worse, some have filed for Chapter 11 bankruptcy protection. Here are seven retailers that are struggling and closing stores in 2023.
