These Retail Store Closures are Coming in 2025
Retail stores have good times and bad, but not everyone comes out on top amid financial struggles. That means retail store closures are coming in 2025. Here are some well-known retailers that are closing a decent chunk of their locations next year.
1. Walgreens
Walgreens is ending its time as a publicly traded company after being bought by Sycamore Partners, a private equity firm. Prior to the sale, Walgreens announced the closure of 1,200 stores. It expected to close 500 locations in the 2025 fiscal year, and the total closures would amount to 1,200 by the end of 2027. It has not been said whether or not these plans have changed because of the sale, but several stores have closed since the announcement.
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2. BuyBuy Baby
BuyBuy Baby has had money troubles in the past. In 2023, its intellectual property was sold off to a New Jersey-based company called Dream on Me for $15.5 million. The 120 stores that made up the company’s portfolio did not go with that sale, and they were left empty. In November 2024, BuyBuy Baby bought back 11 brick-and-mortar stores, but it has decided to abandon that option to turn into a digital-first brand instead.
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3. Advanced Auto Parts
Getting items for your vehicle is going to get a little tougher in the New Year. Advanced Auto Parts said it will close 727 locations by mid-2025. “This action is prudent to support the long-term health of the company,” said the company’s CEO, Shane O’Kelly. As of the end of 2024, Advanced Auto Parts has over 4,700 stores, so the company will still be around. However, your options will become more limited.
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4. Macy’s
As a part of an ongoing effort to improve revenue and keep the company moving forward, Macy’s announced it will close 150 stores through 2026. It also reported it would close approximately 50 stores by the end of fiscal year 2024 — a number that has now grown to 55. When asked about the accelerated timeline and how they feel the closures are going, Macy’s chief financial officer Adrian Mitchell said, “The punchline here is we’re very pleased with the traction and progress.”
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5. Family Dollar
Almost everyone is familiar with Family Dollar because these shops have popped up all over the country. However, while it’s synonymous with convenience items, it isn’t convenient enough to avoid trouble. The company announced it would close 600 of its discount stores in March 2024. Another 370 stores are reportedly going to be shuttered in 2025. Why so much trouble for a company that once flourished? A couple of factors, including reduced SNAP benefits in low-income communities and small margins, had an impact.
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6. CVS
It’s almost impossible to imagine a community without a CVS, but it makes our list of future retail store closures. CVS has been adjusting its approach in the hopes of building up its health care services. Part of that approach is shutting some select stores that aren’t as profitable as the company would like. After those roughly 300 stores are shuttered, the company plans to invest in its MinuteClinic team and network. It will bring primary health care services, such as vaccines and treatments for the cold and flu, to communities around the country.
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7. Big Lots
The famous home goods retailer has been on a roller coaster ride recently. It filed for bankruptcy protection in September and attempted to sell, but the deal was a bust. It prepared to have all 900 remaining locations go out of business for good, until it successfully secured a sale to an investment firm in late 2024. It acquired around 200-400 stores that it plans to operate under the Big Lots brand. The other locations, however, won’t be as lucky.
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8. Joann
The fabric and crafts retailer is officially going out of business after hoping to close only a portion of its stores and keep some open. However, a spokesperson for Joann said that going-out-of-business sales would be taking place at all locations. The company had been in operation for more than 80 years but struggled to thrive in the current retail environment and filed for bankruptcy last year.
Keep an Eye Out for Retail Store Closures Near You
The good news about these retail store closures is they’re not signaling the end of these brands. While some may be going digital and shuttering their brick-and-mortar locations, many of them are closing stores that aren’t bringing in revenue or are losing money. The hope is these retailers will be better off by cutting back and getting back in the green so they can continue to operate and bring you the items you want to buy.
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