8. Bath & Body Works
How Many Stores Closing: 50
Current Value of the Business: $9 billion*
Bath & Body Works is virtually synonymous with American malls, exuding aromatic allure at every corner. In an ambitious 2023 expansion, the fragrance giant unfurled its wings to welcome ninety new stores to its fragrant family.

In its quest for rejuvenation, Bath & Body Works remodeled twenty-five stores, albeit at the cost of closing fifty existing ones. This strategic shuffle underscores the company’s commitment to refreshing its retail appeal and securing growth in 2023.
