Walmart And 9 Large Retailers Are Closing Stores As Retail Crisis 2023 Continues

Walmart And 9 Large Retailers Are Closing Stores As Retail Crisis 2023 Continues In a world full of mass retail shutdowns and a tough economic environment, Consumers have halted buying non essential items. A wave of unprecedented collapse is extremely destructive for the consumer and retail sector alike. According to multiple sources, retail stores which never saw a yearly negative revenue, always re-invested and opened new branches across the US are either filing for bankruptcy or cutting down staff by a huge margin. Unlike the rest of industries, the retail sector is most affected by inflation, declining sales and increased debt burdens.