3. Bed Bath & Beyond

How Many Stores Closing: 896

Current Value of the Business: $21.5 million* (Asset Value, 2023)

It’s unmistakable that Bed Bath & Beyond’s closure was a defining shutdown in 2023. Announcing bankruptcy, it marked the end by closing its stores permanently on June 30, making it an unforgettable moment in retail history.

While some outlets offered final sales, others permanently ceased operations. Transitioning from a once formidable Target rival, Bed Bath & Beyond’s journey continues online as Overstock.com acquires its assets for $21.5 million, ensuring its legacy endures in the digital realm.