800 Big-Box Stores Expected to Close Nationwide This Year as Recession Fears Loom

800 Big-Box Stores Expected to Close Nationwide This Year as Recession Fears Loom

THE SIGNAL

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The retail world continues its downward spiral, as holiday sales failed to meet expectations and wary consumers are keeping their wallets in their pockets due to rampant inflation and soaring interest rates.

Just to be clear: 2022 Christmas holiday sales did increase from the prior year; it’s just that expectations were primed for an even higher increase after two years of the pandemic.

Retail sales jump 7.6% during critical holiday shopping seasonhttps://t.co/GhGjZ1sdYF
— FOX Business (@FoxBusiness) December 27, 2022

The end result: over 800 big-box stores are slated to shut down acro …

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