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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 ...
JCPenney will close eight locations this year, a company spokesperson said, adding to the list of more than 200 closures since the company filed for bankruptcy five years ago.
Kohl's isn't the only retailer who has announced store closures recently. In December 2024, employees of Party City were told that the company was closing and at the end of February 2025, all ...
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.
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 ...
Macy’s said it will close 65 stores by the end of January 2025, on top of the 50 closures they announced in 2024. In total, the department store plans to shut 150 underperforming sites.
A List of Macy's 2025 Store Closings. Here is a list of the Macy's stores facing closure this year. Note: This list will be updated as more store closures are officially announced. Arizona.
Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada.