U.S. Retail Store Closures to Hit Record 15,000

A record number of 15,000 chain stores are expected to close in the U.S. in 2025, driven by the shift towards online shopping and financial struggles of traditional retailers, according to Coresight Research. This projection follows the closure of 7,325 stores in 2024, the highest since the pandemic's onset. Major closures include Party City, Big Lots, Walgreens, and Macy’s, often due to bankruptcies and restructuring. Emerging online retailers from China, such as Shein and Temu, are gaining market share with competitive pricing, contributing to the decline of brick-and-mortar stores. Meanwhile, retailers like Amazon, Costco, and Walmart continue to thrive as consumers seek convenience and value. The trend highlights the need for traditional retailers to adapt with technology and better supply chain management to remain competitive.