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More Than 3,700 US Stores Are Closing This Year


Updated

  • More than a dozen retail brands have said they’re closing US stores this year, totaling over 3,700 locations.
  • Twice-bankrupt Joann is the largest chain on the list, with 790 stores facing closure.
  • Bloomin’ Brands, the owner of Outback Steakhouse, is one of the latest companies to announce store closures.

A Business Insider tally of disclosures from 16 retail chains found that more than 3,700 stores have closed or are set to close across the US so far in 2025.

The current number is up from last year’s total and 2023, when the collapse of Bed Bath & Beyond contributed to the shuttering of more than 2,800 locations, by Business Insider’s count.

UBS analysts estimated last year that US retail closures could reach 45,000 stores by 2029, primarily due to 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 Joann, which closed nearly 800 stores after filing for Chapter 11 bankruptcy protection for the second time in 12 months.

See the list of major closures below.

Joann: 790 stores


Joann is closing about 500 of its roughly 850 stores in the US.

MediaNews Group/Reading Eagle via Getty Images / Contributor/Getty Images

The fabric and craft chain closed its 790 store locations across the US this year, after filing for Chapter 11 bankruptcy protection twice in under 12 months.

Party City: 700 stores


Vehicles are parked in front of a Party City in Alberta, Canada.

A Party City location in Canada.

Artur Widak/NurPhoto via Getty Images

Party City filed for Chapter 11 protection in late December, following a report by CNN that the company was closing all its stores. The company said it had roughly 700 stores nationwide when it announced it was going out of business.

Starbucks: 627 stores


Starbucks customers wait in line.

Starbucks wait times have increased along with demand for cold drinks.

SOPA Images/Getty Images

Starbucks said in October that it closed 627 stores as part of the restructuring plan it announced in September, ending up with 107 net store closures during its fourth quarter. Ninety percent of those closures were in North America.

That net figure was in line with the 1% of its 11,453 corporately owned stores that it previously said it would close in the US.

The closures affected locations where the company says it has been “unable to create the physical environment our customers and partners expect” or where it doesn’t “see a path to financial performance,” Starbucks said in a statement in September.

Big Lots: 480 stores


A Big Lots location closing in Montana.

A Big Lots location closing in Montana.

Michael Siluk/UCG/Universal Images Group via Getty Images

Big Lots received a last-minute lifeline to remain in operation after bankruptcy, but its new owners are selling the leases to at least 480 stores. As of April, about 200 stores were designated to be taken over by Variety Stores, which planned to continue operating them as Big Lots.

Walgreens: 450 stores


walgreens

A pedestrian walks past a Walgreens store.

M. Spencer Green/AP Images

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.

As of May 31, the company said it had closed 423 stores in the prior nine-month period.

Family Dollar: 370 stores


Family Dollar

A pedestrian walks in front of a Family Dollar store.

Reuters

Dollar Tree said it would 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.

Carter’s: 100 stores


Pregnant person holding baby clothes

Carter’s is a popular baby retailer in North America.

Katsiaryna Kallantai/Getty Images

Carter’s, one of the largest children’s and baby apparel retailers in North America, said on October 27 that it planned to close 150 stores in the region over the next three years, including about 100 during its 2025 and 2026 fiscal years. That total is an increase from the roughly 100 stores the company previously said it would close.

The company announced the closures when it reported earnings for its third quarter of 2025.

Carter’s also said it plans to shrink its office-based workforce by about 15%, or 300 positions, by the end of the year.

Macy’s: 66 stores


Macy's

A closed Macy’s store.

Reuters

Macy’s has identified 66 stores across 22 states that will close this year. These are the first of 150 locations that the retailer plans to shutter through 2026. Following the closings, there will be about 350 Macy’s left.

Kroger: 60 stores


A Kroger store in Ohio

Supermarket giant Kroger said it will be closing some stores

Jeff Dean/AP

Kroger said in June that it planned to close about 60 stores nationwide over the next 18 months. The supermarket giant did not identify which specific stores would be shuttered. According to SEC filings, as of February 1, Kroger operated 2,731 supermarkets across 35 states and the District of Columbia.

CEO Ron Sargent said during a first-quarter earnings call that the chain also plans to expand into “high-growth geographies.”

Rite Aid: 54 stores


A Rite Aid pharmacy with sign and entrance at Palos Verdes Mall, Walnut Creek, California

Rite Aid has closed its last remaining US stores.

Smith Collection/Gado/Getty Images

Rite Aid said on its website in early October that all remaining stores had been closed. The company entered bankruptcy in May with about 1,250 stores and sold most to its rival pharmacy chains.

An archived version of the company’s website showed 54 locations in the US as of September 21.

Orvis: 36 stores


Orvis store

Orvis will close 36 stores by 2026.

John Greim/LightRocket via Getty Images

Outdoor equipment retailer Orvis said it would close 36 stores by early 2026 amid an “unprecedented tariff landscape.”

“To ensure a durable brand and model for decades to come, we are focusing on our core strengths and making the difficult but necessary decision to rescale the business by tightening our assortment and reducing our corporate store footprint,” Orvis president Simon Perkins said in a statement to Business Insider.

Kohl’s: 27 stores


kohl's

A Kohl’s store at dusk.

John Raoux / AP Images

Kohl’s said in January it would close 27 locations across 15 states by April. Those represented a small fraction of the company’s overall 1,150-plus store fleet, which it said was healthy, strong, and profitable.

Bloomin’ Brands: 21 restaurants


Outback Steakhouse sign

Bloomin’ Brands is the parent company of Outback Steakhouse.

Jakub Porzycki/NurPhoto via Getty Images

Outback Steakhouse’s parent company, Bloomin’ Brands, told investors on November 6 that it closed 21 US restaurants in October and planned not to renew the leases of 22 additional restaurants.

JCPenney: 8 stores


jcpenney

A closing JCPenney store.

Paul Hennessy/SOPA Images/LightRocket via Getty Images

JCPenney has announced relatively few closures, with eight stores expected to shutter by the middle of the year. The retailer also recently said that 120 of its stores were going up for sale.

American Signature Furniture: 4 stores


American Signature Furniture

American Signature Furniture is pulling out of Nashville.

Google Maps

American Signature Furniture, a large US furniture retailer, is exiting the Nashville market. It announced in October that it plans to close four of its Nashville-area stores. The company said it will continue to operate more than 120 locations across the US.

GameStop: A ‘significant number’ of stores will close


gamestop

GameStop will close more stores this year after shuttering hundreds in 2024.

REUTERS/Shannon Stapleton

GameStop said in a March financial filing that it plans to close a “significant number” of stores in 2025, following an “optimization review” that took into account individual store performance.

The company said the review was ongoing, so the exact number of stores closing this year wasn’t announced. It’s the latest in a series of closings for the company — GameStop shut down 590 of its US stores in fiscal 2024.





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