Inflationary Woes: More Chain Stores Closed in 2023, Continuing into 2024

Macy's Store

More chain stores closed in 2023 as a result of high inflationary costs, with the trend continuing in 2024 led by the iconic department store, Macy’s.

In 2023, retail stores, pharmaceutical and fast-food chains continued a trend of previous years: declaring bankruptcy and closing their doors or shutting down some locations to cut costs, citing inflation, higher costs, and profit losses.

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‘Naughty and Nice Retail List’ Takes Defense of Christmas Into Commercial Arena

Legal challenges to Christmas and holiday displays have been going on for decades. In order to combat the anti-Christmas sentiment outside of the courtroom, a nonprofit religious liberty organization is encouraging shoppers to do so with their wallets.

Liberty Counsel’s Naughty and Nice List classifies retailers according to whether they censor or celebrate Christmas — an allusion, of course, to Santa’s list of naughty and nice children from the Christmas standard “Santa Claus Is Coming to Town.”

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