15. Best Buy

Best Buy is fiercely combating the fate that befell Circuit City, making strides in its survival efforts. Despite progress, it’s poised to close twenty stores in 2023, with some already ceasing operations.

How Many Stores Closing: 20

Current Value of the Business: $17.44 billion*

In a bold move, Best Buy will replace twenty to thirty of its large-format stores with outlet and smaller stores. This pivot is part of its annual strategy, typically involving the closure of fifteen to twenty stores upon lease evaluations.