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A projected 15,000 stores 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. 10. Best Buy
Retail industry closures soared in 2024, with more than 7,100 stores shutting down through the end of November — a 69% jump from the same time last year, according to research firm CoreSight.
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
Macy’s, for example, is in the middle of closing about 150 of its namesake stores across the country by early 2027. The department store operator has been shuttering roughly 50 of those per year ...
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Investment bank UBS projected that around 50,000 or so U.S. stores will close by 2027, reported Forbes. ... Discount Stores Like Dollar Tree and Dirt Cheap Are Closing Locations: See If Your State ...
The retail giant said in February that by 2026, it planned to shut down 150 "unproductive" stores, or roughly 30% of all its locations, while prioritizing investments in 350 "go-forward" stores ...