Summary
In 2025, many well-known retail stores are closing locations across the United States. This is happening despite an increase in the number of people visiting malls. Retailers such as Macy's, JCPenney, and Forever 21 are among those closing stores due to factors like expiring leases and a shift to online shopping.
Key Facts
- Macy's plans to close 66 stores in 2025, with the total rising to around 150 in 2026.
- JCPenney will close eight stores because of expiring leases and market conditions.
- Forever 21 is closing all 350 of its U.S. stores after declaring bankruptcy.
- Claire's is shutting down 235 stores in North America as part of restructuring.
- Torrid will close 180 stores as it focuses more on online sales.
- Party City is closing approximately 700 stores nationwide after filing for bankruptcy.
- Walgreens plans to close 450 locations to reduce its physical presence.
- Overall, over 3,700 retail locations are expected to close in 2025, a significant increase from previous years.
