More than 2,500 stores are closing across the US this year. Here's the list.
Joann is slated to close around 500 locations in 2025, and other retail chains are shutting down stores for a variety of reasons.
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Joann
- At least eight retail brands have said they're closing US stores this year, totaling over 2,500 locations.
- Twice-bankrupt Party City is the largest chain on the list, with 700 stores facing closure.
- Joann and JCPenney are among the latest retailers to announce store closures.
A Business Insider tally of disclosures from eight retail chains found more than 2,500 stores have closed or are set to close across the US in 2025.
The current number is up slightly from last year's total but down from 2023, when the collapse of Bed Bath & Beyond contributed to the shuttering of more than 2,800 locations.
UBS analysts last year estimated US retail closures could reach 45,000 stores by 2029, led largely by smaller stores going out of business.
Meanwhile, larger firms such as Walmart, Costco, Target, and Home Depot continue to expand.
Topping this year's list is the twice-bankrupt Party City, which filed for Chapter 11 protection in late December with 700 stores facing closure.
See the list of major closures below.
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Party City filed for Chapter 11 protection in late December, after CNN reported that the company was closing all of its stores.
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The fabric and craft chain is closing roughly 500 locations across the US this year after filing for Chapter 11 bankruptcy protection twice in under 12 months.
After the closures, about 350 Joann stores will remain in the US.
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Big Lots received a last-minute lifeline to remain in operation after bankruptcy, but its new owners are selling the leases to 480 stores.
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Walgreens said it is on track to close 450 locations through the end of 2025 as part of its multi-year effort to reduce its store fleet.
Reuters
Dollar Tree said it will close 370 locations as leases expire, following last year's closure of 600 stores as it leans away from the Family Dollar brand and expands the Dollar Tree footprint.
Reuters
Macy's has identified 66 stores across 22 states that will close this year, the first of 150 locations that the retailer plans to shutter through 2026. Following the closings, there will be about 350 Macy's left.
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Kohl's said it will close 27 locations across 15 states, which represent a small fraction of the overall 1,150-plus store fleet the company says is healthy, strong, and profitable. The closures are expected to be completed by April.
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JCPenney has announced relatively few closures, with eight stores expected to shutter by the middle of the year. The retailer also recently announced 120 of its stores were going up for sale.
