These Maryland Retailers Are Closing Locations In 2023
Posted on AllSides January 2nd, 2023
From The Center
As the threat of recession looms over Maryland, chains could face yet another difficult year with a whole new set of challenges. Months of inflation have caused operating costs at retail spaces to spike and have chipped away at the sales of mid-tier retailers, experts said. Even for chains that survived the pandemic, a spate of closures could be on the horizon for both department stores and large retailers in 2023, UBS analysts predicted in mid-December of 2022. "These trends are likely not good for department stores as both luxury...