More Than 4,100 Stores Are Closing This Year

The fabric and craft chain closed its 790 store locations across the US this year, after filing for Chapter 11 bankruptcy protection twice in under 12 months.

Party City filed for Chapter 11 protection in late December, following a report by CNN that the company was closing all its stores. The company said it had roughly 700 stores nationwide when it announced it was going out of business.

Starbucks said in October that it closed 627 stores as part of the restructuring plan it announced in September, ending up with 107 net store closures during its fourth quarter. Ninety percent of those closures were in North America.

That net figure was in line with the 1% of its 11,453 corporately owned stores that it previously said it would close in the US.

The closures affected locations where the company says it has been “unable to create the physical environment our customers and partners expect” or where it doesn’t “see a path to financial performance,” Starbucks said in a statement in September.

Big Lots received a last-minute lifeline to remain in operation after bankruptcy, but its new owners are selling the leases to at least 480 stores. As of April, about 200 stores were designated to be taken over by Variety Stores, which planned to continue operating them as Big Lots.

Walgreens said it is on track to close 450 locations through the end of 2025 as part of its multi-year effort to reduce its store fleet.

As of May 31, the company said it had closed 423 stores in the prior nine-month period.

Dollar Tree said it would close 370 locations as leases expire, following last year’s closure of 600 stores as it leans away from the Family Dollar brand and expands the Dollar Tree footprint.

Denny’s said in October 2024 that it planned to close 150 by the end of 2025 as part of a larger effort to improve the health of its brand. As of January 2025, it said it had closed 88 restaurants in 2024, which suggests at least 62 more were set to close in 2025.

Zara and Massimo Dutti-owner Intidex said it had 132 fewer stores as of October 31 than it had a year earlier, according to its results for the first nine months of 2025.

That included about 60 fewer Zara locations, 27 fewer Zara Home locations, 23 fewer Massimo Dutti locations, 18 fewer Oysho locations, 12 fewer Pull&Bear locations, and 6 fewer Stradivarius locations.

Inditex brands Bershka, a Spanish clothing retailer, and Lefties, an off-price brand, ended the period with more stores than they had a year earlier, according to the filing.

Fast-food chain Jack in the Box said in April that it planned to close 80 to 120 restaurants in the calendar year, most of which were underperforming.

Carter’s, one of the largest children’s and baby apparel retailers in North America, said on October 27 that it planned to close 150 stores in the region over the next three years, including about 100 during its 2025 and 2026 fiscal years. That total is an increase from the roughly 100 stores the company previously said it would close.

The company announced the closures when it reported earnings for its third quarter of 2025.

Carter’s also said it plans to shrink its office-based workforce by about 15%, or 300 positions, by the end of the year.

Macy’s has identified 66 stores across 22 states that will close this year. These are the first of 150 locations that the retailer plans to shutter through 2026. Following the closings, there will be about 350 Macy’s left.

Kroger said in June that it planned to close about 60 stores nationwide over the next 18 months. The supermarket giant did not identify which specific stores would be shuttered. According to SEC filings, as of February 1, Kroger operated 2,731 supermarkets across 35 states and the District of Columbia.

CEO Ron Sargent said during a first-quarter earnings call that the chain also plans to expand into “high-growth geographies.”

Rite Aid said on its website in early October that all remaining stores had been closed. The company entered bankruptcy in May with about 1,250 stores and sold most to its rival pharmacy chains.

An archived version of the company’s website showed 54 locations in the US as of September 21.

Outdoor equipment retailer Orvis said it would close 36 stores by early 2026 amid an “unprecedented tariff landscape.”

“To ensure a durable brand and model for decades to come, we are focusing on our core strengths and making the difficult but necessary decision to rescale the business by tightening our assortment and reducing our corporate store footprint,” Orvis president Simon Perkins said in a statement to Business Insider.

Kohl’s said in January it would close 27 locations across 15 states by April. Those represented a small fraction of the company’s overall 1,150-plus store fleet, which it said was healthy, strong, and profitable.

Outback Steakhouse’s parent company, Bloomin’ Brands, told investors on November 6 that it closed 21 US restaurants in October and planned not to renew the leases of 22 additional restaurants.

JCPenney has announced relatively few closures, with eight stores expected to shutter by the middle of the year. The retailer also recently said that 120 of its stores were going up for sale.

American Signature Furniture, a large US furniture retailer, is exiting the Nashville market. It announced in October that it plans to close four of its Nashville-area stores. The company said it will continue to operate more than 120 locations across the US.

GameStop said in a March financial filing that it plans to close a “significant number” of stores in 2025, following an “optimization review” that took into account individual store performance.

The company said the review was ongoing, so the exact number of stores closing this year wasn’t announced. It’s the latest in a series of closings for the company — GameStop shut down 590 of its US stores in fiscal 2024.