Thousands of Stores Closing Across the US in 2025: Here’s the List of Major Retailers Impacted

Retail stores face big changes right now across United States. A significant increase in planned closures is expected in 2025. Data says about 15,000 stores might close doors this year. This number is almost double the stores that closed last year. Coresight Research tracks this retail and technology info.

Several reasons explain this pattern. More people buy things online using e-commerce sites today. Often online products are cheaper than what you find in a store. Rising prices, especially for food and energy, make finding deals very important. Retailers who did not change their operations faced major impacts. Shoppers pick the easiest way to buy things. This trend of stores getting smaller seems likely to keep going.

pharmacy, chemist, drunk, medical, pharmacy, pharmacy, pharmacy, pharmacy, pharmacy, chemist — Photo by 724edu on Pixabay

1. **Walgreens**: Pharmacy chain Walgreens announced plans for many store closures. Company faces money problems and a change in direction. It wants to close 1,200 stores not doing well. This is part of a cost-cutting plan over three years. About 500 stores will close in United States by next August. This aims to make the store business stable. It helps control operating costs better. Pharmacy chains feel pressure on payments for prescriptions. The company also deals with slow spending by customers now. Competition from online stores like Amazon is present too. Walgreens already closed around 2,000 stores over ten years. It has about 8,500 stores left in the country.

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2. **Party City**: The store for party things, **Party City**, had large money issues. This led to decision to stop operating physical stores. Company exited bankruptcy in 2023 then filed again. It filed its second bankruptcy case in December 2024. Party City said it would stop its store operations then. This winding down meant all 700 stores would close. They expected stores to be closed by end of February 2025. Company started in 1986 but could not make profit. Rising prices and changing shopper habits contributed greatly. **Party City** is a brand that will disappear completely in 2025.

3. **Forever 21**: **Forever 21** sells fast fashion in shopping malls. It is another brand leaving physical stores in United States. The company currently closing all its stores across nation. This big closure happened after company filed for second bankruptcy. Like many other retailers, **Forever 21** had trouble adapting. Changing customer tastes and tough competition were difficult. **Forever 21** joins list of brands Americans know. They are shrinking or leaving stores in 2025. This shows challenging market conditions for clothing stores.

top view mall interior photo — Photo by mostafa meraji on Unsplash

4. **Macy’s**: The famous department store **Macy’s** is closing many stores. It is part of a larger plan for change. Store founded way back in 1858. Company announced plans to close locations due to low sales. Late last year **Macy’s** would close 65 stores. This was by end of January 2025. It was 15 more stores than they planned initially. This is part of company’s Bold New Chapter strategy. The plan started in February 2024. Overall plan wants to close about 150 stores not producing well. This is through fiscal 2026 timeline. While closing stores, **Macy’s** invests in remaining ones. About 350 stores will be improved for customers.

Read more about: 14 Fashion Faux Pas Women Over 50 Should Avoid

5. **Best Buy** keeps reducing its number physical locations happening now overall. They are the big box electronics retailer everyone knows doing this. This year another 10 to 15 stores may close soon quickly. That follows 24 stores closing last year according Money Digest report. Specific closure locations are not yet shared by them right now publicly. This part of ongoing store review aiming optimize presence much today.

6. **Kohl’s**: **Kohl’s** department store started in Wisconsin in 1962. It began year 2025 by saying it will reduce stores. Company revealed plans earlier this year. It will close some stores that are not performing well. Specifically, **Kohl’s** plans to close 27 underperforming locations. Company also closing one e-commerce center location. This fulfillment center is in San Bernardino, California site. Company stated all remaining stores closing will shut. This will be by March 29 date. Their webpages will also be taken offline. **Kohl’s** CEO said these decisions are hard. They are seen necessary to help future business. It helps for customers and team members. Company is building on long-term growth plan.

7. **Joann**: Fabrics and crafts store **Joann** announced going out of business. This leads to closing their many stores network. Company is closing all 800 stores nationwide now. This decision made after **Joann** could not find a buyer. Nobody would keep stores running then. Company sold its remaining things to GA Group company. **Joann** stores located in 49 states. Company statement thanked team members, customers, and communities. They thanked them for support over eighty years. It stated commitment to working with winner. This helps wind down operations in orderly way. It minimizes impact on everyone involved.

8. **Liberated Brands (Volcom, Billabong, Quiksilver, etc. )**: **Liberated Brands** manages surf and skate clothes names. These include **Volcom**, **Billabong**, **Quiksilver**, **Spyder**, **RVCA**, **Roxy**, and **Honolua** labels.

Company is closing all stores in United States. It filed for Chapter 11 bankruptcy recently. Filing happened in Delaware during February time. This led to announcement of shutting down U. S. stores totally.

According to Todd Hymel, company head, money troubles came from competition. Fast-fashion powerhouses were a big factor then. Also ongoing high prices and interest rates caused problems. Hymel explained fast-fashion caters to small trends better. Traditional seasonal trends did not work as well.

This caused less profit and losing market share now. Company made tough choice in December month. It closed corporate offices and let staff go. About 350 office workers and 1,040 retail staff were laid off.

Company grew fast after COVID-19 happened. It increased money earned and store count hugely between 2021-2022. But money issues piled up afterwards. Accounts payable became stretched thin. Authentic Brands Group ended its licenses last December.

ABG will sell labels through other stores.

Retail changes affect many shops everywhere now. It effects places selling **auto parts** and sports gear too. Clothing shops across the nation also are seeing shifts. Businesses often decide they must close some physical locations. Online shopping gets much more dominant today impacting buyers. Persistent high prices often impact how shoppers spend their money much. Companies need restructure operations for better health financially going forward.

These store closures show a fundamental change happening across retail. It reflects how people fundamentally shop across nation today. Retailers really must adapt fast survive well nowadays. They hope to thrive strongly in this market evolving rapidly forward. More stores will likely close their doors permanently through 2025 soon. Some may significantly reduce their physical space much going forward now. Let us look at the next important group making big changes this year.

9. **Advance Auto Parts**, the **auto parts** retailer, announced big steps happening presently. This constitutes part of a wide company restructuring effort overall. The company is closing 523 corporate stores nationwide now quickly. They also exit 204 independent locations across the country. Four big distribution centers are shutting down as well right now. This wide action aims at improve company money results much now.

10. **JCPenney**: **JCPenney**, another old department store, opened in 1902. It is also closing certain stores on purpose. Company got through bankruptcy filing in 2020 successfully. It became a private equity company then. **JCPenney** announced plans in January to close eight stores. This would happen by middle of year 2025. These closures happen mainly when leases end for buildings. Company specifically mentioned market conditions as key reason. Affected stores are spread across several states now.

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11. **Big Lots** first planned close hundreds stores originally due financial problems. But the company received a reprieve unexpectedly right then suddenly. Variety Wholesalers purchased **Big Lots** out bankruptcy them quickly anyway. This outcome meant many stores could stay open actually keeping going for shoppers. Newsweek reported about 200 locations keeping operate for now as **Big Lots**. This is fewer closures than feared but footprint reduced significant much overall.

12. Sporting goods giant **Dick’s Sporting Goods** plans reduce its stores count happening now. They intend close 35 locations this year quickly soon overall. Patch reported closures affect 17 states nationwide overall presently. This includes many states spread from east to west coast widely. These targeted closures mean **Dick’s** reviews performance much across its network. Closing underperforming stores is likely option for them now overall going forward.

13. Discount retailer **Dollar General** adjusts its stores now presently. They plan number closures first quarter 2025 coming soon quickly. Company intends close near 100 **Dollar General** stores nationwide overall. Plus they will close 45 Popshelf stores too overall widely. This announcement was made in its earnings report recently today. Todd Vasos their CEO commented on this decision made by them. He said it strengthens their business foundation further overall now.

14. **Foot Locker** plans big store closures over next couple years now soon. Company plans close 400 locations by end 2026 then quickly. Many stores closing are in shopping malls often widely located. This is part of larger business rebranding plan overall for them currently. **Foot Locker** also reboots 280 locations focusing concept stores like others. This modernizes customer experience overall very much nowadays for people.

15. Home decor chain **Kirkland’s** changes its store portfolio presently now happening. This includes closures and rebranding efforts now overall today. About 6 percent of stores close or rebrand quickly for them. Strategy focuses on more profitable brands going forward overall for future. CEO said focus includes **Kirkland’s** Home, Bed Bath & Beyond, others too now. Decision optimizes store locations and aligns presence with assets too quickly overall.

16. Specialty apparel retailer **Torrid** plans close a number stores now presently overall. They sell apparel for women sizes 10-30 very much today for everyone. Company intends close between 40 and 50 locations overall nationwide. Plan finish by end 2025 quickly soon happening. This move is part of their “optimization” plan overall for future. It was discussed on earnings call for investors last month publicly. Fourth quarter 2024 closed 22 locations already previously then.

Across country now, big changes happen in retail overall right now. 2025 will be landmark year for store shifts everywhere today. Many stores plan closures affecting different sectors like pharmacies and restaurants much. Big industry shifts are happening today because of e-commerce and high prices always. Companies make hard decisions on physical stores for survival and growth plans. How companies navigate define future shopping for years to come.