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Retailers across the U.S. are facing one of the most challenging years in recent memory. Rising operating costs, declining foot traffic, and shifting consumer habits have forced many companies to downsize—or shut down entirely. From fabric and party supplies to pharmacies and department stores, familiar names are disappearing. For shoppers, this also means widespread liquidation sales are already underway.
Joann Fabric Is Closing All Locations
Joann Fabric has officially announced the closure of all store locations nationwide. Liquidation sales have already begun, and most locations are expected to be completely closed by May 2025. The move marks the end of a longtime staple for crafters, sewists, and DIY enthusiasts. Customers are encouraged to shop early, as inventory is selling quickly.
Dollar Tree and Family Dollar Scale Back Aggressively
Dollar Tree confirmed plans to close 30 Dollar Tree locations over the next several years as leases expire, though no official list has been released. Meanwhile, its subsidiary Family Dollar is undergoing a much larger reduction. After a difficult fiscal year, the company announced the closure of roughly 600 Family Dollar stores, with an additional 370 locations set to close gradually in the coming years.
Big Lots Is Closing for Good
Big Lots filed for bankruptcy in July and immediately began shutting down stores. While a small number of locations may still be open temporarily, the company has confirmed that all Big Lots stores will close permanently. Liquidation sales have drawn heavy traffic, with steep discounts across furniture, home goods, and seasonal items.
Walgreens Expands Its Store Closure Plans
Walgreens initially planned to close a few hundred stores, but the company has since expanded that number to more than 450 locations nationwide by the end of 2025. While a full list hasn’t been released, confirmed closures include stores in Florida, Massachusetts, Georgia, Illinois, California, and dozens across San Francisco. Walgreens says the closures are part of a broader effort to stabilize long-term operations.
Kohl’s Closes 27 Underperforming Stores
Kohl’s has announced the closure of 27 stores across multiple states as part of a strategy to address declining sales. Locations affected include stores in California, Texas, Ohio, Illinois, and several other states. While the number is smaller compared to other retailers, the closures reflect ongoing struggles in the department store sector.
Advance Auto Parts Shuts Down Over 700 Locations
Advance Auto Parts plans to close more than 700 stores by mid-2025, including corporate locations, independent stores, and distribution centers. No official list has been released, but liquidation sales have already begun at many sites. Shoppers have reported discounts reaching up to 95% off on auto parts and accessories.
Party City Ends Its Run
After filing for bankruptcy in January 2023, Party City announced it would close all remaining stores. Many locations have already shut down, but some remain temporarily open with deep discounts. The closures mark the end of a once-dominant party supply chain that struggled to recover after pandemic-era disruptions.
Macy’s Begins a Multi-Year Downsizing Plan
In January 2025, Macy’s confirmed it will close 66 store locations as part of a longer-term restructuring effort. Over the next three years, the company plans to shut down about 150 underperforming stores while reinvesting in approximately 350 “go-forward” locations. The strategy reflects a shift toward fewer, more profitable stores.
Surf Brands and GameStop Face Uncertain Futures
Billabong, Volcom, and Quiksilver have filed for bankruptcy and announced the closure of all 100+ retail locations. Meanwhile, GameStop has quietly closed stores nationwide, with more than 150 locations reportedly at risk. While GameStop has not made an official announcement, employee and customer reports suggest closures are accelerating.