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At least eight retail brands have said they're closing US stores this year, totaling over 2,500 locations.
Twice-bankrupt Party City is the largest chain on the list, with 700 stores facing closure.
Joann and JCPenney are among the latest retailers to announce store closures.
A Business Insider tally of disclosures from eight retail chains found more than 2,500 stores have closed or are set to close across the US in 2025.
The current number is up slightly from last year's total but down from 2023, when the collapse of Bed Bath & Beyond contributed to the shuttering of more than 2,800 locations.
UBS analysts last year estimated US retail closures could reach 45,000 stores by 2029, led largely by smaller stores going out of business.
Meanwhile, larger firms such as Walmart, Costco, Target, and Home Depot continue to expand.
Topping this year's list is the twice-bankrupt Party City, which filed for Chapter 11 protection in late December with 700 stores facing closure.
See the list of major closures below.
GameStop: A "significant number" of stores will close
GameStop will close more stores this year after shuttering hundreds in 2024.
REUTERS/Shannon Stapleton
GameStop said in a March financial filing that it plans to close a "significant number" of stores in 2025, following an "optimization review" that took into account individual store performance.
The review is ongoing, so the exact number of stores closing this year isn't yet set. It's the latest in a series of closings for the company — GameStop shut down 590 of its US stores in fiscal 2024.
Party City: 700 stores
A Party City location in Canada.
Artur Widak/NurPhoto via Getty Images
Joann is closing about 500 of its roughly 850 stores in the US.
MediaNews Group/Reading Eagle via Getty Images / Contributor/Getty Images
The fabric and craft chain is closing roughly 500 locations across the US this year after filing for Chapter 11 bankruptcy protection twice in under 12 months.
After the closures, about 350 Joann stores will remain in the US.
Big Lots: 480 stores
A Big Lots location closing in Montana.
Michael Siluk/UCG/Universal Images Group via Getty Images
A pedestrian walks in front of a Family Dollar store.
Reuters
Dollar Tree said it will close 370 locations as leases expire, following last year's closure of 600 stores as it leans away from the Family Dollar brand and expands the Dollar Tree footprint.
Macy's: 66 stores
A closed Macy's store.
Reuters
Macy's has identified 66 stores across 22 states that will close this year, the first of 150 locations that the retailer plans to shutter through 2026. Following the closings, there will be about 350 Macy's left.
Kohl's: 27 stores
A Kohl's store at dusk.
John Raoux / AP Images
Kohl's said it will close 27 locations across 15 states, which represent a small fraction of the overall 1,150-plus store fleet the company says is healthy, strong, and profitable. The closures are expected to be completed by April.
JCPenney: 8 stores
A closing JCPenney store.
Paul Hennessy/SOPA Images/LightRocket via Getty Images
JCPenney has announced relatively few closures, with eight stores expected to shutter by the middle of the year. The retailer also recently announced 120 of its stores were going up for sale.
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