In 2025, a number of well-known retailers have shut down their locations due to shifting consumer spending patterns and industry changes.
Here’s what you should know about the numerous store chains that closed their doors in 2025.
As part of its ongoing bankruptcy restructuring, Joann reportedly intends to close 500 of its approximately 850 stores across the country.
The closures follow Joann’s initial Chapter 11 filing in March 2024 and her subsequent filing in January 2025 to expedite the sale process.
For years, Joann has struggled with money problems. Despite obtaining $132 million in fresh funding, the business still owed about $1 billion when it filed for Chapter 11 bankruptcy for the first time in March 2024.
Even after going private, Joann had trouble regaining stability, which resulted in its second bankruptcy filing in January 2025. Court documents state that Joann’s most recent reorganization attempts to cut expenses by closing stores and increase the company’s worth through a sale process.
Billabong, Quicksilver, and Volcom stores closing
Liberated Brands filed for Chapter 11 bankruptcy, resulting in the closure of more than 100 Volcom, Billabong, and Quicksilver stores nationwide.
What we know: Earlier this week, Liberated Brands filed for Chapter 11 bankruptcy in Delaware. The company, which has its headquarters in Costa Mesa, California, and runs a number of outdoor, lifestyle, and sports clothing brands, attributed the decline to inflation and persistently high interest rates as well as a change in consumer preferences toward “‘fast fashion’ and e-commerce as opposed to branded apparel and brick-and-mortar retail.”
The clothing products will remain available even though more than 100 retail locations will eventually close because the brands’ licenses have been transferred to another operator. Many of these brands are already available at other stores, such as Dick’s Sporting Goods, PacSun, and Kohl’s, as Fast Company points out.
According to a Liberated Brands spokesperson who shared the statement with FOX Television Stations, “this filing does not impact the future of the brands, as they have already transitioned to new, well-capitalized partners who are actively investing in their growth and long-term success.”
What we don’t know: Other than “following the liquidation” of the parent company, there was no set timeframe for the closures. In the meantime, negotiations were ongoing regarding the company’s nine retail locations in Hawaii.
The backstory: Quicksilver, Volcom, and Billabong are all well-known for their millennial clothing with surf and skate influences. These are among the numerous physical retail chains that have suffered as a result of the post-pandemic decline in consumer spending and the growth of less expensive “fast fashion” options available online.
JCPenney
By the middle of the year, JCPenney plans to close a few of its stores.
What we know: The business informed FOX TV stations that they anticipate a few locations. They go on to say that the recent Catalyst Brands merger has nothing to do with the closures.
We don’t know because JCPenney wouldn’t verify the FOX TV stations’ closure list.
Their statement reads: “The decision to close a store is never an easy one, but isolated closures do happen from time to time due to expiring lease agreements, market changes, or other factors,” the company said. “We are grateful to our dedicated associates and the loyal customers who have shopped at these locations.”
“We continue to work to make every dollar count for America’s diverse, working families and welcome them to shop at our other JCPenney stores in the area and at JCPenney.com.”
The backstory: In addition to years of internal problems, JCPenney, which emerged from Chapter 11 reorganization in December 2020 with new owners, is facing an uncertain economy that has made healthier department stores difficult to operate.
Macy’s
As part of a comprehensive plan to turn around its faltering business, Macy’s announced in January that it would be closing 66 stores this year.
In total, Macy’s stated that it intends to shut down about 150 “underproductive stores” by 2026, including locations in Detroit, Philadelphia, and other cities along the coast.
Kohl’s
By April 2025, Kohl’s plans to close 27 “underperforming” locations nationwide. On January 10, the company, which has its headquarters in Menomonee Falls, Wisconsin, a suburb of Milwaukee, announced the closures. It makes up less than 3 percent of its 1,150+ stores.
RELATED: List: By April 2025, Kohl’s plans to close 27 “underperforming” locations
Walmart
According to reports, six Walmart locations have closed so far in 2024, including two in California and one in Maryland.
Walmart said that two of its stores in San Diego and one in Ohio had closed because their financial performance fell short of expectations.
Over the next five years, the retail behemoth also intends to construct or renovate over 150 locations.
Wal-Mart
According to Walgreens, 500 stores will close during the fiscal year 2025, bringing the total number of closures to 1,200 by the end of 2027.
Starbucks
In an effort to streamline operations, Starbucks plans to close a number of locations in 2025.
Denny’s
According to the company, Denny’s closed 88 locations in 2024 and plans to close “between 70 and 90” more in 2025. Additionally, the restaurant chain plans to open 25 to 40 locations, with half of those being Denny’s and the other half being Keke’s Breakfast Café, which it acquired in 2025.
Dollar Tree In 2025, Dollar Tree intends to close a few underperforming locations.
Office Supply
Office Depot has been cutting back for years, and more closures are planned for 2025. The need for office supplies has decreased as a result of the move to remote work and digital offices.
City of Parties
After 40 years, Party City is closing its doors for good. According to a press release from the company, FOX Business reported that as of late October, the company had over 700 company-owned and franchised stores.
Foot Locker
In 2023, Foot Locker declared its intention to shut down over 400 underperforming mall locations by 2026.
Additionally, the footwear company announced that it would concentrate on new concept stores outside of malls and better-performing locations that cater to niche markets like sneakerheads, kids, and higher-income consumers.
In North America, there were roughly 1,300 Foot Locker locations in shopping centers as of 2023. According to Foot Locker, it planned to close 50% of its stores in malls with a C or D rating and 25% of its locations in malls with an A or B rating. Sales per square foot are reflected in mall ratings.
The massive pharmacy chain CVS has already declared its intention to close hundreds of its locations in the upcoming years. As the business concentrates on growing its healthcare offerings, the closures in 2025 will target areas with low foot traffic or overlapping locations.
Sears There will be a wave of Sears closures in 2025, leaving only a small number of stores open, mostly in upscale neighborhoods.
The Gamestop
Despite attempts to change its business strategy, GameStop’s problems persist. In 2025, a large number of locations in smaller towns or deteriorating malls will close. The company is changing its in-store product selection to include gaming accessories like shirts and toys, and it started a plan to sell vintage game consoles and games.
Superior Auto Parts
By mid-2025, Advanced Auto Parts plans to close over 700 locations. According to USA Today, in an effort to turn around its faltering business, the auto parts supplier intends to unveil a new three-year financial plan.
