Mountain West Commercial Real Estate (MWCRE), a Salt Lake City-based commercial real estate agency, has released a report looking at two retailers that announced the largest number of store closures in 2023, Bed Bath & Beyond and Tuesday Morning. Together, these two retailers accounted for more than a quarter of all U.S. store closures in 2023, significantly impacting the retail landscape in the Intermountain West.
“The retail sector continues to navigate a tumultuous landscape marked by inflation, bankruptcies, retail shrink, the rise of e-commerce and evolving consumer habits,” report authors said.
Store closures increased dramatically in Please log in to see the rest of this story.
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