Overview
- Rite Aid filed for Chapter 11 again in May and ultimately shuttered its network, with the last two stores closing on Sept. 29 in Washington and Oregon.
- Prescriptions from closed Rite Aid locations were transferred to CVS, Walgreens or pharmacies customers selected, intensifying access gaps in low-income and rural areas.
- JoAnn entered Chapter 11 in January and later closed about 800 stores, as Michaels acquired its intellectual property and private-label brands in June.
- Party City, which announced a full wind-down after a second Chapter 11 in 2024, finished closing more than 700 U.S. stores in 2025; Forever 21’s U.S. stores also closed after a March Chapter 11.
- Iron Hill Brewery shut its brewpubs without notice in September, then won a November court approval for Jeff Crivello’s bid to revive up to 10 sites pending landlord deals; regional fixtures from Maxwell Taxi to Olde Bar and two Macy’s locations also closed, and Bistro at Cherry Hill president Andy Cosenza was later indicted on tax-fraud charges.