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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.
See the list of 66 stores closing here or in the embed below: Big Lots Banners advertise closing sales for Big Lots in Hanover, Pennsylvania on Jan. 12, 2025, in Penn Township.
Bose shut down all of its 119 retail stores in 2020 in order to follow a "dramatic shift" to online shopping only. [79] Carter's announced the closure of at least 200 stores in an earnings call in October 2020; the children's apparel chain planned to close about 80% of its locations by 2022. [80]
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 ...
As announced last year, Macy's department stores across the United States have been closing as part of a wider plan to shut down 150 locations through 2026. Last year, Macy's shuttered 50 ...
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 ...
The closing of many Big Lots stores, as part of its bankruptcy, come in tandem with closures announced by other retailers such as Macy's, Kohl's and Party City, and more recently, JCPenney and Joann.