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The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
The retail advisory firm projects that retailers will close about 15,000 stores this year as some legacy brands shrink and file for bankruptcy protection, or liquidating companies shutter locations.
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 ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Store closings: Which retailers are closing stores in 2025? Joann, JCPenney, Macy's and more Joann, JCPenney, Macy's and more A Big Lots in San Angelo, Texas on Dec. 20, 2024.
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of ...
99 Cents Only Stores is closing all of its 371 locations across the US as the company begins to wind ... Nevada and Texas. Mr Simoncic said the “unprecedented impact” of the Covid-19 pandemic ...
Here is the full list of store locations that will be shuttered by the end of April 2025. ... Macy's also confirmed on Jan. 9 that the retailer would be closing 66 stores as part of an ongoing ...