Retail apocalypse: 15,000 stores could close in 2025, with Party City, Big Lots, Walgreens, 7-Eleven, Macy’s on the doomed list
A new report predicts this year will only get worse for the already-struggling retail sector, with the number of location closings expected to double. It’s no secret that 2024 was a tough year for many retailers.
Retail Closures Surged in 2024, and Could Double to 15,000 This Year
Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.
Store closures hit highest level since pandemic — see who is shutting down the most locations
Store closures in the U.S. spiked in 2024 and are expected to rise to about 15,000 this year, according to Coresight Research, a retail advisory group.
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Big Lots, Party City closings: Southwest Austin business news to know
Opened Aug. 19 11190 Circle Drive, Ste. 101, Austin Opened Nov. 26 Opened Jan. 1 Opened Jan. 7 Relocated Dec. 5 Closing Jan. 31
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Macy’s, Party City, Big Lots: Michigan seeing more store closures
We’ve been hearing about a lot of store closings lately. Macy’s, Party City, and Big Lots, to name three. University of Michigan Ross School of Business Professor Erik Gordon says it’s pretty typical
Store closures hit highest level since pandemic — see who's shutting down the most locations
So far this year, closures continue to climb. Retailers have already announced 1,925 store closures so far in 2025 — and that was only as of Jan. 10.
More than 2,000 stores are closing across the US this year. Here's the list.
Party City is slated to close at least 700 locations in 2025, while other retail chains are shutting down stores for a variety of reasons.