1. Bed Bath & Beyond
After years of struggling to stay afloat, Bed Bath & Beyond is set to close more locations in 2025. The home goods retailer, which once had a massive footprint across the country, has been hurt by mounting debt and competition from e-commerce giants like Amazon. Despite efforts to revamp its business, it couldn’t regain the momentum it lost during the pandemic when many people shifted their shopping habits online.
2. CVS
CVS is planning to close several stores in 2025, largely due to changes in consumer behavior and the increasing shift towards digital healthcare. The company has been reducing the number of physical locations in favor of expanding its online pharmacy services and delivery options. Moreover, the rising cost of operating physical stores, combined with lower foot traffic, has made some locations less profitable.
3. Rite Aid
Rite Aid is also facing significant closures, with plans to shut down more stores in 2025. The pharmacy chain has struggled with declining sales and fierce competition from bigger rivals like Walgreens and CVS. Alongside this, Rite Aid has been dealing with ongoing financial woes, which have forced the company to scale back its operations and focus on its most profitable locations.
4. Macy’s
Macy’s isn’t going anywhere, but it is set to close more stores as part of its ongoing strategy to streamline operations. With more consumers shopping online and opting for smaller, more targeted retail experiences, the iconic department store has been forced to adapt. Many of its underperforming locations, particularly those in suburban malls, will close as Macy’s shifts focus to its more profitable stores and digital platform.
5. Office Depot
Office Depot has been struggling for years due to the rise of remote work and the digitalization of office supplies. With fewer people heading to physical office locations, demand for paper, printers, and other office essentials has dropped significantly. To cope, Office Depot has been closing stores and embracing an online model to remain competitive.
6. Gap
Gap, which has already shuttered numerous locations in recent years, plans to close more stores in 2025. The retailer has been losing market share to other fast-fashion brands and online retailers. Shifting shopping habits, along with the company’s failure to effectively compete with competitors like H&M and Zara, has forced Gap to scale down its brick-and-mortar presence.
7. JCPenney
JCPenney is another department store chain that continues to shed locations. The company, which has been in and out of bankruptcy over the past few years, is focusing on improving profitability by closing underperforming stores. With a heavy reliance on older malls, many JCPenney locations have struggled to attract shoppers, and the company is pivoting towards a more efficient, e-commerce-driven model.
8. Kmart
Kmart’s demise has been a long time coming, and more store closures are expected in 2025. Despite a few attempts at reinvention, the once-popular discount retailer has failed to adapt to the changing retail environment. With Walmart and Target eating up market share, and e-commerce giants dominating the online space, Kmart has struggled to maintain relevance.
9. Banana Republic
Banana Republic, like its parent company Gap, is downsizing its store count. The retailer has faced a decline in foot traffic as consumers shift towards more affordable, casual fashion options. Banana Republic’s reliance on pricier, business-casual clothing has led to a sales slump, and the brand is trimming the fat to focus on high-performing locations and online sales.
10. Victoria’s Secret
Victoria’s Secret has been facing challenges for years, from changing consumer tastes to the rise of more inclusive and diverse brands. In response, the lingerie giant is planning to close some stores in 2025. The closures come as the brand tries to regain its relevance in an evolving market and pivot towards a more inclusive product offering.
11. Lowe’s
Lowe’s is another big-name retailer that is trimming its stores, especially those in smaller, less profitable markets. Despite the overall success of home improvement chains, Lowe’s has recognized that not every location can sustain itself. As the DIY trend continues, Lowe’s is opting to consolidate its footprint and focus on its more lucrative locations in suburban and urban areas.
12. The Children’s Place
The Children’s Place, a popular kids’ clothing retailer, has announced that it will be closing a number of stores in 2025. The chain, which relies heavily on physical locations, has struggled as parents increasingly turn to online shopping for convenience and better prices. With fewer families going to shopping malls, The Children’s Place is shifting its focus to e-commerce and cutting back on underperforming stores.
