Retail continues to take a beating in 2025. After a brutal year in 2024, more locations of retails chains in the U.S. are set to close. At least six major chains have stated their intention to close locations in the coming year, totalling more than 2,000 stores. Party City, Big Lots, Family Dollar and Walgreens are among the chains set to shutter the most stores.
Why are so many stores closing in the U.S.?
Changes in consumer behavior—including the rise of online shopping—continue to be a major blow to brick-and-mortar retail locations. The pandemic kicked off the decline in traditional retail, with not much improvement in the years that followed. Retail chains have decided to shutter underperforming locations to stay in the black.
List of stores closing
Party City filed for bankruptcy and announced plans to close all its stores in 2025.
Big Lots, which was saved after bankruptcy filing, still plans to close nearly 500 locations.
Walgreens is shuttering 450 locations over the next year in order to streamline operations.
Family Dollar is set to close 370 locations after shuttering more than 600 in 2024. Parent company Dollar Tree aims to direct more resources towards the Dollar Tree brand.
Macy’s announced 66 upcoming closures, and will close 150 locations by 2026.
Kohl’s will close 27 locations this year, though the company indicates strong performance among its remaining 1,1150-plus stores.