These Popular Stores Are Closing In 2025

HomeRetailers SpotlightThese Popular Stores Are Closing In 2025

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Numerous well-known U.S. retailers and restaurant chains have announced major location shutdowns throughout 2025. Here’s a comprehensive look at the companies planning significant closures:

🏬 Major Department & Chain Retailers

  • Joann Fabric & Crafts: After entering Chapter 11 bankruptcy twice (March 2024 and January 2025), the chain plans to shutter around 500 of its 850 stores as part of a restructuring deal.
  • Macy’s: Will close 66 stores in 2025, and aims to shut about 150 underproductive locations by 2026.
  • Kohl’s: Plans to close 27 stores by April 2025, representing under 3% of its portfolio.
  • JCPenney: Will shutter around eight stores by mid-year, citing lease expirations and shifting markets.
  • Volcom, Billabong, Quiksilver (Liberated Brands): Over 100 retail outlets across these brands are closing due to bankruptcy and shifts toward fast fashion and e-commerce.
  • Party City: Facing Chapter 11 bankruptcy, with roughly 700 stores set to close.

💊 Pharmacies & Convenience Stores

  • Walgreens: Expected to close up to 500 stores in fiscal 2025, as part of a total 1,200 by the end of 2027.
  • Rite Aid: After filing for Chapter 11 again in May, announced 360 closures as of late May, adding to more shutdowns through early June.
  • CVS: Intends to close numerous outlets in 2025, focusing on overlapping or low-traffic locations.

🛍️ Discount & Specialty Chains

  • Dollar Tree / Family Dollar: Planning to shut an additional 370 Family Dollar stores this year (on top of the 600 closed in 2024).
  • Office Depot: Continues to reduce its footprint due to declining demand from remote work.
  • Big Lots: Having filed for bankruptcy in late 2024, many stores were closed or taken over; the chain now mostly operates through smaller-leased locations .
  • Foot Locker: Plans to close more than 400 mall-based stores through 2026, focusing on stronger locations and new store concepts.
  • GameStop: Following a 2024 cut of 590 locations, still closing a “significant number” into 2025.

🍔 Restaurants & Other Chains

  • Denny’s: Closed 88 restaurants in 2024, with another 70–90 closures planned for 2025, while simultaneously opening new locations .
  • Starbucks: Will close select stores in 2025 as part of operational optimization.
  • Party City: (Also listed above in retail closures.)

🔍 Retail Landscape Overview

  • Total U.S. closures in 2025: Over 2,500 stores, a slight increase from the previous year.
  • Retail layoffs: The sector has seen a 274% spike in job cuts compared to 2024, with roughly 76,000 retail roles eliminated, mostly due to these closures.
  • Outlook: Analysts (e.g., UBS) estimate up to 45,000 U.S. stores could close by 2029, although large-format retailers like Walmart, Costco, Target, and Home Depot are still expanding.

✏️ Summary

In 2025, more than 2,500 U.S. retail, pharmacy, discount, and restaurant outlets are expected to close. Key department and craft chains—Joann, Macy’s, Kohl’s, JCPenney, and Party City—are closing locations due to bankruptcy, lease issues, and underperformance. Major pharmacy chains like Walgreens, Rite Aid, and CVS are cutting hundreds of stores, while discount retailers such as Dollar Tree and Family Dollar continue downsizing. Specialty chains like Big Lots, Foot Locker, and GameStop face closures amid weakening demand.

The impact has been drastic: retail layoffs soared by 274% in the first half of 2025 compared to the previous year, with about 76,000 retail jobs lost. Experts warn the trend may persist, potentially wiping out tens of thousands more brick-and-mortar stores by the end of the decade. Still, big-box retailers like Walmart and Home Depot are capitalizing on this shift, continuing to grow their footprints.

Coupomania Team
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