Summary
In April, several major retail chains are closing stores across the U.S. due to reasons like bankruptcies and the rise of online shopping. Retailers such as Francesca’s, Macy’s, Kroger, Saks OFF 5th, and REI have announced specific closures as part of larger plans that will extend through 2026.
Key Facts
- Major retailers are closing stores in April due to financial struggles and a shift to online shopping.
- Approximately 1,200 store closures have been announced recently, with thousands more expected by 2026.
- Francesca’s is closing all U.S. locations after bankruptcy, with sales ongoing to clear inventory.
- Macy’s plans to shut down up to 150 stores through 2026, but hasn't specified which will close in April.
- Kroger is closing around 60 stores as part of an ongoing restructuring effort.
- Saks OFF 5th is closing stores after restructuring, with about 57 expected to shut by early 2026.
- REI is closing some stores in New York, New Jersey, and Boston as it reassesses its physical store strategy.
