More than 2,500 stores from beloved retail chains are closing for good in the United States in 2025.
The massive list of store closings led one publication to label it a “retail bloodbath.” Business Insider tallied the number of store closures, putting it at around 2,500, and the trend has only continued. Although some of the chains announced the closures earlier in the year, in many cases, the locations are shuttering their doors for good in May or did so in April.
The retailers include Forever 21, Kohl’s, Family Dollar, Walgreens, and Joann Fabrics.
Walgreens is planning to close 450 stores in 2025, part of a massive string of 1,200 closures that it announced in late 2024, according to USA Today.
In February, Joann Fabrics, a popular store with crafters, announced that it was closing all 800-plus stores in 49 states after a bankruptcy auction, The Akron Beacon Journal reported. On March 5, the company disabled purchases on its website as well.
Most of the Joann stores will close in May, according to USA Today.
According to 9News, the last Forever 21 store was expected to close on May 1. That came after a second bankruptcy filing by the clothing company. Altogether, Forever 21 was closing 354 stores nationwide, USA Today reported.
“After careful deliberation, we have made the decision to file for chapter 11 bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code,” a notice placed on Forever 21’s website says. “We are deeply grateful for the support you have shown us over the years, but rising costs and increased competition from abroad have made our current business model unsustainable.”
Kohl’s announced in a January press release that it was closing “27 underperforming stores, by April 2025.” Those closures spanned 15 states.
“While Kohl’s continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores,” the company wrote.
Family Dollar is closing “1,000 underperforming store locations as leases expire,” according to The Street, as part of a restructuring that split the brand from Dollar Tree.
JCPenney also announced it was closing seven stores, according to The Independent.
However, far from giving up, JCPenney has launched a multi-pronged branding effort to position the company as trendy, AdWeek reported.
Rite-Aid is still closing stores after a massive list of closings since 2023, according to Oregon Live.
According to CapitalOneShopping data, shopping malls across the United States are closing at a fast rate as shoppers turn to online commerce. Online fast-fashion retailers like Shein and Temu have cut into some traditional stores’ profits, CNBC noted.
Related: Beloved Clothing Store Is Closing All 354 Locations in the U.S.
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Author: Jessica McBride