In 2024, U.S. retail faced severe challenges, culminating in 7,325 store closures, the highest since the pandemic began. According to Coresight Research, 2025 is predicted to be even worse, with an anticipated 15,000 closures, marking a 50% increase compared to 2020's 10,000. In just the first ten days of 2025, 1,925 closures have already been reported, led by major retailers like Party City and Walgreens. This trend reflects ongoing shifts in consumer behavior towards online shopping and the impact of economic pressures on traditional retail.
2024 saw a significant number of retail store closures, but 2025 is expected to be even worse, potentially doubling the number to 15,000.
According to Coresight Research, nearly 30 retailers have announced store closures for 2025, while major retailers like Party City and Big Lots lead in closures.
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