A Business Insider tally has revealed that over 2,000 retail stores are closing in the US in 2025. This highlights a growing trend in retail bankruptcies and closures.
Party City, which has faced bankruptcy twice, is poised to close 700 stores this year, reflecting the challenges many retailers face in today's market.
While the number of closures has increased slightly compared to last year, the 2025 total is still lower than the 2023 high, which saw over 2,800 stores shut down.
Experts at UBS project that US retail closures could escalate to 45,000 stores by 2029, mainly affecting smaller retail chains as larger firms continue to thrive.
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