THE GREAT COLLAPSE: ESTIMATED NUMBER OF RETAIL STORES CLOSING IN 2023 12,000 TO 15,000:

1- Victoria’s Secret has declared bankruptcy

2- Zara closed 1,200 stores

3- La Chapelle withdrew 4391 of its 9448 stores

4- Chanel is down to making hand sanitizer to survive. This might be the new joke at the supermarket where you can ask the manager for Chanel to wipe off your shopping cart handle.

5- Hermes is changing its name to Ezri hoping that rebranding will help them survive a little longer.

6- Patek Philippe has stopped production.

7- Rolex stopped production at 2:25 AM Jul 24, 2023.

8– The luxury industry of the world has collapsed.

9 – Nike has a total of $23 billion to prepare for the second phase of layoffs.

10– Gold’s gym filed for bankruptcy.

11 – The AirBnb founder said that 12 years of effort was wiped out in 6 weeks due to the pandemic.

12– Starbucks announced it would permanently close 400 stores, not a lot compared to their 35,000 locations worldwide.

13– WeWork isn’t in a good position either.

14- Nissan Motor Co. could close in the US.

15– The largest car rental company (Hertz) filed for bankruptcy. It also owns Thrifty and Dollar.

16– The largest trucking company (Comcar) filed for bankruptcy – it has 4000 trucks.

17- The oldest retail company (JCPenney) filed for bankruptcy – to be taken over by Amazon for pennies.

18 – The world’s largest investor (Warren Buffett) has lost $50 billion in the last two months

19 – The world’s largest investment firm (BlackRock) is signaling disaster for the global economy – over $7 trillion under management.

20 – The largest mall in America (Mall of America) has stopped making mortgage payments.

21- The most prestigious airline (Emirates) laid off 30% of their workers.

22 - Foot Locker closing 420 store

23 - Tuesday Morning has closed all 487 stores.

24 - Burger King is closing up to 400 locations.

25 - Bed Bath & Beyond is closing all remaining 360 locations.

26 - Walgreens is closing 150 stores.

27 - Champs Sports is closing 125 stores.

28 - BuyBuy Baby has closed all 122 of their stores.

29 - Christmas Tree Shops is closing all 82 stores.

30 - Bath & Body Works is closing 50 mall stores.

31 - Harmon has closed all 50 of their stores.

32 - David’s Bridal is closing 49 stores by fall.

33 - Shoe City has closed all 39 of their stores.

34 - Party City is closing 31 stores.

35 - Best Buy is closing up to 30 stores.

36 - Walmart is closing 22 stores.

37 - Nordstrom is closing 15 stores.

38 - GameStop is closing all 35 locations in Ireland.

39 - Gap and Banana Republic to close 46 stores

40 - Big Lots: 7 stores

41 - Macy's: 4 stores

42 - Target: 4 stores

43 - CVS announced in Nov. 2021 that it would shutter more than 900 locations over three years — 300 stores per year.

44 - Rite Aid In the spring of 2022, the retail chain announced it would close 145 stores.

45 - Kroger closed several stores in 2021 and 2022 and will continue shuttering locations in 2023.