A mass exodus of retail stores across America is on the horizon as more than 800 big box locations set to close shop for good.
Big names set to close or downsize included Bed Bath & Beyond, Walmart, Gap and Party City.
Soaring inflation means people are struggling to make ends meet and do not have the same disposable income they did a few years ago.
Combine that with rising interest rates, rampant crime, and you have a perfect storm.
There are at least 803 stores set to close over the rest of 2023, with many desperate trying to cut costs.
But it’s not just retail struggling. Silicon Valley is also braced for the economic downturn, with 70,000 jobs already lost in recent months, as we reported in January.
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