Many brick-and-mortar retailers are finding that the cost of doing business is prohibitive. With the cost of employees increasing and more convenient online options, many stores have decided to move their operations entirely online, close down for good, or close down some of their lowest-performing stores. In the case of Walmart, 2023 did not provide the type of fiscal returns it has come to enjoy. Unlike Amazon, who cut their costs by laying off employees, Walmart closed 25 locations across 15 states. Those states included Arkansas, Georgia, Florida, Hawaii, Illinois, Indiana, Kansas, Minnesota, New Mexico, Texas, Wisconsin, and even Washington and Oregon.