No recession? Everything is fine. 

Thanks to the COVID War which locked down much of the globe, the 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, 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.

• FedEx – closing Fort Worth location
• Applebee’s – up to 35 restaurants by end of year
• Milk Bar Vancouver – closed
• Side Hustle Sandwiches – closed
• Rendezvous Restaurant – closed
• Daisy Garden Kitchen – closed
• Benkei Ramen – closed
• Trattoria Kitsilano – closed
• Deep Cove Brewers & Distillers – closed
• La Taqueria Hornby – closed
• Ubuntu Canteen – closed
• Pajo’s Fish and Chips – closed
• Grade A Restaurant – closed
• 12 Kings Pub – closed
• Old Bird – closed
• Buckstop – closed
• Kent’s Kitchen – closed
• Spring Garden Chinese Seafood Restaurant – closed
• Kravings – closing stores in Burlington and Mount Pleasant
• Walgreens – 200 stores closing
• Macy’s – 125 stores closing (over next 3 years)
• Starbucks – 400 stores closing
• Bed Bath and Beyond – 360 stores closing
• Victoria’s Secret – 50 stores closing
• American Eagle Outfitters – 250 stores closing
• Kohl’s – 27 stores closing
• Gamestop – 180 stores closing
• Walmart – 154 stores closing
• Bath and Body works – 50 stores closing
• JCPenny – up to 90 stores closing
• Yves Rocher – closing all stores in Germany, Austria and Switzerland
• Tuesday Morning – 487 stores closing
• Foot Locker – up to 420 stores closing
• Burger King – up to 400 locations closing
• Champs Sports – 125 stores closing
• Buy Buy Baby – closed all 122 stores
• Journeys – 100+ stores closing
• Christmas Tree Shops – closing all 82 stores
• Harmon – all 50 stores closing
• David’s Bridal – 49 stores closing by Fall
• Shoe City – all 39 stores closing
• Party City – 31 stores closing
• Best Buy – closing up to 30 stores
• Nordstrom – 15 stores closing
• Capitol Cellars – closed
• Rediscovered Books Caldwell – closed
• Lucky Fins Boise – closed
• LuLu’s Fine Pizza & Sushi – closed
• Burger Time and Tiki Teriyaki – closed
• Texas De Brazil – closing in Boise
• Caldwell Airport Cafe – closed
• State Street Kitchen & Drinkery – closed
• Gang Nam Korean Cuisine – closed
• The Flats 16 – closed
• Boots – 300 stores over next year
• Hudson’s Bay – closing Burnaby location
• CVS – plans to close 900 stores
• Clintons – 38 stores possible
• Ocean State Job Lot – closed
• Nau’s Enfield Drug – closed
• Daily Juice – closed
• Rosewood Gulf Coast Chop House – closed
• Mr. Natural – closed
• Plow Burger – closed
• Counter Culture – closed
• Cain & Abel’s – closed
• Z’Tejas – closed
• Outback Steakhouse – 2 stores closed
• Superdrug – closed
• Lidl – 11 supermarkets closing