Top 10+ major US retailers to close more than 2,500 stores this year – here’s what we’re losing

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

More than 2,500 US store closures have been announced for 2025 as a host of major retail chains scale back their physical presence. That’s slightly up from last year, though still below 2023’s total which surged past 2,800 after Bed Bath & Beyond’s collapse. The trend highlights ongoing pressure on brick-and-mortar retail. UBS has warned the nation could lose up to 45,000 stores by 2029. Among those downsizing this year are some of American retail’s biggest names. Here's who’s closing what… (Picture: Getty Images)

Joann: 500 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

The popular arts and crafts chain has entered Chapter 11 bankruptcy for the second time in less than a year. As part of its restructuring, Joann is shutting down around 500 stores nationwide. When the dust settles, it's thought that roughly 350 stores will remain open across the country (Picture: Getty Images)

Walgreens: 450 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

The pharmacy giant Walgreens is in the middle of a multi-year plan to trim down some of its large retail footprint. The company says it’s on track to close 450 locations by the end of 2025, all as part of a broader strategy to optimise its store network and come back stronger in the marketplace in the future. In October, it announced another 700 could close within three years (Picture: Getty Images)

Family Dollar: 370 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

Dollar Tree, the umbrella company that owns the Family Dollar brand, has decided to scale Family Dollar back a fair amount by closing 370 locations this year as their leases expire. That’s on top of a whopping 600 Family Dollar closures last year as the parent company puts more focus on expanding the Dollar Tree chain instead (Picture: Getty Images)

Macy’s: 66 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

The world-famous Macy’s is in the early stages of what looks like being a really rather major store consolidation. This year, 66 of its department stores across 22 states will close down. These closures are part of a larger plan to shut 150 stores by 2026. Once the current round of shuttering is over, Macy’s will only have around 350 stores left in the whole country (Picture: Getty Images)

Kohl’s: 27 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

The department store chain Kohl’s is shutting down 27 of its locations across 15 states. The move looks to only be affecting a relatively small portion of its 1,150+ network of stores, which the company describes as strong and profitable overall. The closures should all have been wrapped up by now (Picture: Getty Images)

Big Lots: 480 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

Discount retailer Big Lots avoided liquidation recently, mostly thanks to a last-minute deal. But its new owners still announced a plan to sell off the leases of 480 stores. When other companies stepped in to buy the leases of closed Big Lots stores following its bankruptcy, Variety Wholesalers purchased more than 200 locations during a liquidation sale with a view to relaunching them into the market, which has already been seen in 2025 (Picture: Reuters)

JCPenney: 8 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

The beloved American department store chain JCPenney is permanently closing seven of its locations inside shopping malls this month. JCPenney stores in seven different US states are in their last weeks of clearance sales before they are set to close their doors on May 25. In February, a JCPenney spokesperson told USA Today that an eighth store was also set to close in mid-2025 (Picture: Getty Images)

Party City: 700 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

The largest single chunk of this year’s closures comes from Party City. The struggling retailer filed for Chapter 11 bankruptcy protection in late December and has now shut down around 700 locations. It's the second time the company has filed for bankruptcy (Picture: Getty Images)

Dollar General: 96 stores

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

Dollar General announced it is closing almost 100 locations across the US this year. The chain of discount stores stated in a report that it conducted a portfolio optimization review of its Dollar General and pOpshelf stores to identify ones to shutter or re-banner. It said: ‘While the number of closings represents less than one percent of our overall store base, we believe this decision better positions us to serve our customers and communities' (Picture: Getty Images)

GameStop: Exact number not yet confirmed

Joann: 500 stores, Walgreens: 450 stores, Family Dollar: 370 stores, Macy’s: 66 stores, Kohl’s: 27 stores, Big Lots: 480 stores, JCPenney: 8 stores, Party City: 700 stores, Dollar General: 96 stores, GameStop: Exact number not yet confirmed

GameStop says it will close a 'significant number' of stores in 2025, though it hasn’t disclosed exactly how many. The closures follow what the company described in a March filing as an 'optimization review' of store performance. This comes after it closed down almost 600 of its stores last year (Picture: Getty Images)

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