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The post-COVID War economic landscape has presented an array of challenges that have profoundly affected the business community.
Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, worker strikes and a tangible decrease in revenues for many sectors.
The combination of these factors has created an environment where business sustainability has become increasingly challenging.
Unfortunately, numerous businesses, from startups to established entities, have been unable to navigate these tumultuous waters.
The following list details businesses that, due to the aforementioned reasons, have made the tough decision to close their doors. As we review this list, it is a somber reminder of the vulnerabilities inherent in the business world and the imperative need for adaptive strategies in an ever-evolving economic landscape.
● Tyson Foods – 4 plants
● Iceland – 7 supermarkets
● Co-op – 1 store
● B&M – 1 store
● Wetherspoons – 29 pubs
● Dapper & Dashing – 100 stores
● Herman Brothers – 1 store
● Boston Market – 1 restaurant
● At Home – 1 hardware store
● Humboldt Kitchen + Bar in Denver CO
● Lucasfilm Closing Singapore VFX & Animation Studio (International)
● Bollinger Shipyards Lockport, La., is closing its New Orleans shipyard operations – Moving to Mississippi location
● Bankruptcy: B&J Marine – Chapter 7
● Bankruptcy: Prime Trust
● Music Outlet – closed
● CVS Pharmacy – 1 location
● Brasseur Electric Trains – closed
● Earl Abel’s – 1 location
● Catawba Brewing Co. – 1 location
● Chase set to close 21 First Republic branches across the U.S.
● Duke’s Pet Den – closed
● Giant Food on Alabama Avenue in Southeast D.C may close due to rampant theft and crime
● African Market and AM Beauty Supply – closed
● Bounce Milwaukee – closed
● Altitude Trampoline Park – closed
● The Benevolent Butcher food truck – closed
● Bankruptcy – Guardian Baseball
● Wagging Tails Pet Shop in Brooklyn NY closing due to ‘Failing Policies, “Crime is Horrible”
● Encore Vintage – closed
● Bar-Kay Jewelers – closed
● The Gateway Auto Museum at Gateway Canyons Resort and Spa – closed
● Tuckahoe Brewing Co. – closed
● Babylon Health – 1 location
● Mescolanza – 1 location
● Knox County Communication Center Maine – closed
● Peet’s Coffee – 1 location
● Independent Records – closed
● The Gap – 1 location
● Hellas Restaurant & Lounge – closed
● The Giggles and Wiggles Daycare Center – closed
● The New Holland Family Restaurant – closed
● The Table – closed
● Offbeat Coffee Studio – closed
● Dillard’s – closed
● Atco Dragway – closed
● Republic Steel mills in Canton, Ohio, and Lackawanna, N.Y – 500 Furloughs indefinitely
● Bankruptcy – Amyris, Inc.
● Shutterfly – 1 warehouse
● Baxter Springs – 1 plant
● Wolverine Worldwide closing its Boston campus, consolidating all footwear brands into Grand Rapids Michigan HQ
● Skydio closing consumer drone business
● Bisq Meats & Sandwiches – 1 location
● The Country Ham Restaurant – 1 location
● Aurorium – 1 plant
● King Tut Drive-In – 1 location
● Awrey’s Bakery – 1 location
● APEM Creamery and Sorbetteria – 1 location
● The Farmhouse Store – 1 location
● Leaping Llamas – 1 location
● Golden Owl Cafe – 1 location
● Elite One Source – 1 location
● Vintage Vibes – 1 location
● Mashroots – 1 location
● Landing 13 Restaurant – 1 location
● Belk – 1 location
● Lagniappe Home Store – 1 location
● Mastic Trail – 1 location
● Life Made Simple Boutique – 1 location
● The Public House Tap and Grill – 1 location
● Pickwick Bowl – 1 location
● Valley Wide Cooperative – 1 plant
● Butcher & Bee – 1 location
● Dental Center of Northwest Ohio – 1 location
● Taco John’s – 1 location
● Tabula Rasa Brewing – 1 location
● The FedEx Ship Center location in Youngstown will be closing its storage warehouse and office
● Bravo Peruvian Chicken and Picante – 2 stores
● Colorado Athletic Club – 2 locations
● Repeat Boutique – 1 store
● Fordham and Dominion Brewing – 1 brewery
● Day’s Hamburgers – 1 restaurant
● Hussian College closing in PA and had three campuses in Tennessee, two in California and one in Ohio
● Rock Paper Scissors – 1 Store
● Klaussner Home Furnishings – 1 store
● The St. Jude Religious Store – 1 store
● Bankruptcy: Wheat Ridge Home Builder – Chapter 11
● Bankruptcy: EV Firm Proterra – Chapter 11
● Bankruptcy: Mercy Hospital of Iowa City
● Bankruptcy: Western Global Airlines – Chapter 11