2025 Retail Store Closures Surge with Joann, Macy's, and Big Lots Leading the Way

Experts predict 15,000 U.S. store closures this year as shifting consumer habits and economic pressures reshape the retail landscape.

Joann Fabrics plans to close more than 500 stores nationwide as part of its second Chapter 11 bankruptcy reorganization within a year.
Coresight Research estimates that 2025 could see nearly double the store closures of 2024, with 15,000 locations expected to shutter across the U.S.
Major retailers like Macy's, Kohl's, JCPenney, and Big Lots are significantly reducing their physical footprints due to declining profitability and changing consumer preferences.
California, Florida, Ohio, New York, and Michigan are among the states most impacted by the wave of closures, reflecting widespread challenges in the retail sector.
Experts attribute the closures to rising online shopping trends, inflation, and consumer demand for seamless, cost-effective retail experiences.