FILE-Shoppers outside the Macy’s flagship store in the Herald Square neighborhood in New York City on Thursday, Aug. 29, 2024. (Jeenah Moon/Bloomberg via Getty Images)
Major retailers are closing stores starting next year amid a changing industry and consumers spending habits shifting.
These store chains will close multiple locations across the country in 2025, and here’s what you need to know.
What stores are closing in 2025?
Macy’s
Macy’s is expected to close 65 locations by the end of 2024. In February, Macy’s announced plans to close approximately 150 “underproductive” U.S. stores through 2026, including 50 locations this year.
RELATED: Here are the major retailers closing US stores in 2024
Walmart
Six Walmart stores have closed so far in 2024, according to reports – including a pair of stores in California and one in Maryland.
One Walmart location closed in Ohio and another pair of stores closed in San Diego that the company said did not meet financial performance expectations.
RELATED: US store openings currently outpace closures by 20%, report says
The retail giant is also planning to build or convert more than 150 stores over the next five years.
Walgreens
Walgreens announced the closing of 1,200 stores and is expected to close 500 locations in the 2025 fiscal year, and the total closures will amount to 1,200 by the end of 2027.
Starbucks
Starbucks will close several stores in 2025 as the company looks to optimize operations.
Dollar Tree
Dollar Tree is planning to close select underperforming locations in 2025.
Office Depot
Office Depot has been downsizing for years, and 2025 will see even more closures. The shift to remote work and digital offices has reduced demand for office supplies.
Party City
Party City is permanently closing its doors after 40 years. The company had more than 700 company-owned and franchised stores as of late October, FOX Business reported, citing a press release from the company.
RELATED: Party City closing after 40 years in business
Foot Locker
Foot Locker announced in 2023 that it planned to close more than 400 low-performing stores in shopping malls through 2026.
The footwear company also said it would focus on better-performing locations and new concept stores outside of malls targeting niche consumers such as sneakerheads, children and higher-income shoppers.
As of 2023, there were about 1,300 Foot Locker stores in malls in North America. Foot Locker said it anticipated closing 25% of its locations in A- and B-rated malls and 50% of its stores in C- and D- rated malls. Mall ratings reflect sales per square foot.
CVS
Pharmacy giant CVS has already announced plans to close hundreds of stores over the next few years. In 2025, the closures will target areas with overlapping locations or low foot traffic, as the company focuses on expanding its healthcare services.
Sears
Sears will have a wave of closures in 2025 with only a few remaining stores that are mainly open in high-cost areas.
Gamestop
GameStop’s struggles continue despite efforts to pivot its business model. Many locations in smaller towns or declining malls will close in 2025. The company launched a plan to sell retro game consoles and games and is transitioning its in-store product selection to feature gaming merchandise like toys and shirts.
Advanced Autoparts
Advanced Auto Parts is closing more than 700 locations by the middle of 2025. USA Today reported that the car parts supplier plans to introduce a new three-year financial plan to revive its struggling business.
