18 Companies Closing Stores in 2025
Retail has always been a game of adaptation, but 2025 is shaping up to be a year of major shifts. Big names across different industries are pulling back their physical presence as online shopping continues to reshape how people buy everything from clothes to groceries.
Some brands are consolidating to survive, while others are retreating from unprofitable locations after years of struggle. Here’s a look at the retailers and chains saying goodbye to some of their locations this year.
Walgreens
The pharmacy giant announced plans to shut down about 1,200 stores over the next three years, with a significant chunk happening in 2025. Store performance has been declining in many locations, and the company needs to focus on its most profitable outlets.
Walgreens faces pressure from online pharmacies and changing customer habits, making this contraction necessary for survival. The closures will affect neighborhoods across the country, though the company hasn’t released a complete list of which stores will go.
CVS
Another pharmacy chain feeling the squeeze, CVS plans to close around 300 stores throughout 2025. The decision comes after evaluating which locations aren’t meeting financial expectations anymore.
Rising theft, decreased foot traffic, and competition from mail-order prescriptions have all played a role in these closures. Many of the affected stores sit in areas where CVS already has multiple locations nearby.
Rite Aid
After filing for bankruptcy protection in 2023, Rite Aid continues to shrink its footprint into 2025. The company is closing underperforming stores as part of its restructuring plan.
Rite Aid once had thousands of locations but has been struggling for years against bigger competitors. The closures represent a last-ditch effort to stay viable in an increasingly difficult market for mid-sized pharmacy chains.
Macy’s
The iconic department store announced it would close about 150 stores over the next three years, with roughly 50 shuttering in 2025. These locations aren’t generating enough sales to justify keeping them open as more shoppers move online.
Macy’s is betting that fewer, better-maintained stores will serve customers more effectively than a sprawling network of aging locations. The company plans to invest more heavily in its remaining stores and digital presence.
Kohl’s
Kohl’s hasn’t announced specific numbers, but the department store is closing several underperforming locations in 2025. The chain has been testing smaller store formats and partnerships with other brands to stay relevant.
Competition from discount retailers and online giants has eaten into Kohl’s market share for years. The closures are part of a broader strategy to focus on stores that can actually turn a profit.
Dollar Tree and Family Dollar
Dollar Tree’s Family Dollar brand is closing about 1,000 stores, with many shutdowns happening in 2025. The discount chain has struggled with inventory issues, rising costs, and theft problems.
Some locations simply can’t generate enough revenue to cover operational expenses anymore. Dollar Tree plans to convert some Family Dollar stores to its namesake brand while abandoning others entirely.
Big Lots
The discount retailer filed for bankruptcy in 2024 and continues closing stores throughout 2025. Rising costs and changing consumer preferences have hit Big Lots particularly hard.
The company sells furniture, home goods, and groceries at discount prices, but customers have been cutting back on non-essential purchases. Big Lots is working to reorganize and emerge from bankruptcy with a smaller, more focused store base.
Party City
The party supply chain filed for bankruptcy again in 2024 and is closing stores as part of its restructuring. Party City has struggled to compete with online retailers and big-box stores that also sell party supplies.
The company’s debt load became unsustainable as customers increasingly shop elsewhere for balloons, decorations, and costumes. Several dozen stores will close permanently in early 2025.
Bed Bath & Beyond
Though the original company went bankrupt in 2023, the brand was acquired and relaunched with a much smaller physical presence. The new owners are closing the remaining brick-and-mortar locations in 2025, focusing instead on online sales.
The once-dominant home goods retailer couldn’t overcome its massive debt and outdated shopping experience. What’s left of Bed Bath & Beyond will exist primarily as a digital brand.
JCPenney
The department store continues to close locations following its 2020 bankruptcy reorganization. JCPenney is shutting down additional stores in 2025 that haven’t recovered from pandemic-era struggles.
The company has been around for over a century but can’t seem to find its footing in modern retail. Remaining stores are being repositioned to appeal to budget-conscious shoppers, but the chain keeps shrinking.
Best Buy
The electronics retailer is closing a handful of stores in 2025, though not as dramatically as some other chains. Best Buy has actually adapted better than many brick-and-mortar retailers by offering services like installation and tech support.
However, some locations in areas with declining traffic or too much competition are being shuttered. The company continues shifting resources toward its e-commerce platform and remaining stores.
Foot Locker
The athletic footwear chain announced plans to close about 400 stores over several years, with closures continuing through 2025. Foot Locker faces intense competition from brand-owned stores and online retailers.
Many mall locations have become less profitable as foot traffic to shopping centers declines. The company is trying to reinvent itself with fewer, more experiential stores that offer exclusive products.
7-Eleven
The convenience store giant is closing over 400 underperforming stores in North America during 2025. Declining traffic, lower cig sales, and increased competition from other convenience formats are driving the closures.
7-Eleven still operates thousands of locations, but the company wants to focus on its strongest markets. Some closed stores may be sold to other operators rather than shuttered completely.
Gap Inc.
Gap is closing dozens of Old Navy and Gap-branded stores throughout 2025. The company has been struggling with fashion misses and increased competition from fast-fashion brands.
Many Gap stores sit in malls that are losing tenants and shoppers. The clothing retailer is focusing more on its online business and trying to turn around its brands with fresh designs and marketing.
Express
The fashion chain went bankrupt in early 2024 – store closures still happening through 2025. Instead of standing out, it got lost among countless clothing brands.
Too much debt mixed with falling revenue meant keeping so many shops wasn’t doable. Now aiming to bounce back post-bankruptcy, but only through far fewer stores, mainly outlets and discount spots.
Dollar General
Even though it’s famous for growing fast, Dollar General will shut down some spots in 2025 because they’re not doing well. The bargain retailer’s gotten flak over messy shops while also fighting a rise in stealing.
A few countryside outlets that looked good at first just didn’t bring in enough cash. While new openings still beat closures, the brand picks places more carefully now.
AT&T
The telecom firm keeps shutting down shops this year since more folks handle things online. Though AT&T’s trimmed its storefronts for years already.
Many users switch devices, settle charges, or fix issues from home instead. Leftover spots will serve tricky purchases plus clients needing face-to-face help.
Forever 21
Following past money problems, Forever 21 will shut more shops by 2025. Instead of keeping up with digital-first labels or fellow mall stores, the company’s falling behind.
Because it opened so many outlets quickly before, several now cost more than they earn. While still around, the chain operates far fewer brick-and-mortar spots compared to its busiest times.
This changes how stores work
These shutdowns show a big change in shopping habits – not just bad luck for certain brands. Brick-and-mortar shops won’t vanish entirely, yet locations are getting picked more carefully.
Stores that stick around will win by giving extra value, like quick access, fun visits, or help you can’t get on the web. Towns without them might lose both job chances and nearby places to buy things, even though plenty of buyers now prefer clicking instead of going out.
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