Retail store closures in America are expected to rise to 15,000 in 2025. Here’s who’s shutting down the most locations

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Retail store closures in America are expected to rise to 15,000 in 2025. Here’s who’s shutting down the most locations

Retail store closures in America are expected to rise to 15,000 in 2025. Here’s who’s shutting down the most locations

In recent years, there’s been a big shift in Americans’ shopping habits. In the wake of the pandemic, consumers have gotten very used to doing their shopping online. And not surprisingly, that’s led to an uptick in physical store closures.

In 2024, retail closures reached their highest level since the pandemic, according to Coresight Research, with a total of 7,325 locations shuttering. And things aren’t exactly looking up for 2025.

A projected

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are expected to close between now and the end of December, and some of the retailers that are shutting down the most locations may surprise you.

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You’d think a chain like Best Buy would be immune to store closures given the number of consumers who prioritize spending on electronics. But Best Buy is making plans to close

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in 2025.

As of late 2024, Best Buy had more than 1,000 stores across the country. As part of its strategy, it plans to experiment with new store formats in an attempt to draw in more customers.

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Advance Auto Parts is making plans to close

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, four distribution centers, and 204 independent locations by the middle of the year.

Sluggish profits are largely driving the change, but given the chain’s roughly

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, it’s fair to say that plenty of locations are sticking around, at least for now.

Read more: Commercial real estate has beaten the stock market for 25 years — here’s how savvy investors can

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In 2024, CVS closed 586 locations, and it has plans to close another

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in 2025.

Be on the lookout for changes if you’re someone who relies on CVS for your prescription refills, as you may need to transfer them to another store or even another pharmacy.

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For many people, a big part of the shopping mall experience is heading to Foot Locker for new sneakers, or to see what’s in stock. That experience may be coming to an end for some shoppers, though.

In 2023, Foot Locker announced plans to close

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by 2026, so it’s fair to expect a substantial number of closures this year.

Story Continues

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Kohl’s recently announced plans to

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this year, with those closures expected to take place by April. That may come as a shock given that Kohl’s has such a large following, but rest assured that Kohl’s isn’t exactly on the brink of disappearing.

Following these closures, Kohl’s will still have more than 1,150 locations. The department store chain is focusing on shuttering locations that have been struggling.

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Closing stores isn’t exactly a new practice for Macy’s, as the legendary department store has been shuttering locations for years.

But in 2025, Macy’s is making plans to close 51 locations, including its

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and others in nearby New York and New Jersey. And it begs the question: what retailer will malls find to put in its place? Only time will tell.

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How many times have you stopped at a 7-Eleven in the course of a road trip to grab a Slurpee to go, or to satisfy a late-night snack craving? Unfortunately, in some areas, those options may soon start dwindling, since 7-Eleven is making plans to close some of its less popular locations.

The company plans to close 148 stores in 2025. But given its more than

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footprint, that leaves plenty of locations going strong — at least for now.

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CVS isn’t the only pharmacy chain to struggle with underperforming locations, as Walgreens has fallen victim to a similar fate.

In late 2024, Walgreens announced plans to close around

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. Of those, an estimated 333 closings are set to take place in 2025.

The pharmacy chain has been hurt in recent years by lower rates of prescription reimbursement, high levels of theft and rising costs. Online competitors in the pharmacy space, like

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, may also be hurting Walgreens.

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Big Lots has been in big trouble. The retail giant filed for bankruptcy in 2024 following a string of financial woes. The

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is that some of its stores will continue to operate, but an estimated 601 will be shutting their doors in 2025.

The chain said that consumer purchases of home and seasonal products have slowed down in recent years due to rampant inflation, hurting its bottom line.

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If you’ve long relied on Party City for everything from Halloween costumes to birthday gathering supplies, here’s some bad news. The popular chain

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in late 2024 and will be closing all of its 738 locations as a result.

The good news? Before closing completely, Party City is having a major goodbye *****, with some items being marked down up to 50% off.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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