As the retail apocalypse drags on, more stores have announced that they will close their doors.
Each year, as malls die out and consumers continue to buy more online, the number of retailers closing stores continues to climb. And in fact, some experts estimate that the number of store closings this year could exceed the record-breaking number of closures that we’ve already seen in recent years.
Here is a list of all the stores expected to close, or that have already closed. Updates are added throughout the year as new information breaks.
Luxury department store Neiman Marcus was one of the first retailers from this list that filed for Chapter 11 bankruptcy protection at the beginning of last year. While it did recover and emerge from the bankruptcy filing, business isn’t rebounding as expected.
Additionally, Neiman Marcus was already at the top of Moody’s list of vulnerable retailers. Their financial situation before and even after bankruptcy doesn’t look too promising. And with dwindling foot traffic in malls, it’s unclear what can be done for the department store.
Lane Bryant and Ann Taylor, which belong to the Ascena Retail Group, were listed on USA Today’s list of struggling retailers. And rightfully so, seeing as the group filed for Chapter 11 bankruptcy protection last summer.
At the time of filing, the New Jersey-based company said it had plans to “reduce their store fleet from approximately 2,800 stores to approximately 1,200 stores” — that’s a 56 percent reduction in total stores. The company has already shut down all of its Catherines plus-size stores.
The affordable fabric and craft retailer Jo-Ann was already on the edge of liquidation prior to now. They are facing decreasing sales, and trying to dig themselves out of debt at this point.
Jo-Ann Stores are now controlled by Leonard Green & Partners, a private equity investment firm. According to Mickey Chadha, vice president of Moody’s Investors Service, retailers owned by private equity firms like this “are going to find it difficult, even when things normalize, to compete with stronger players that got stronger…”
Party City has definitely seen a decline in sales in recent years. Among other reasons, DIY trends, a lack of foot traffic, and a sharp increase in online sales have left the specialty store in trouble for some time now. The party supply store has seen huge losses over the last couple of years.
Although Party City still does plenty of business through online sales, they have been closing brick and mortar locations. The company already identified approximately 55 locations to be closed, and added an additional 21 stores last year, as well.
As it turns out, brick and mortar stores that specialize in office supplies aren’t all that profitable. Finding more success and profit in business-to-business services, Office Depot announced it plans to close another 90 locations. This is in addition to the 55 store closures that already occurred last year.
Office Max, another office supplies retailer the company also owns, is on the chopping block as well. CEO Joe Lower recently told investors that its retail stores might have only accounted for approximately 20 percent of sales over the last three years.
One would think a deep-discount retailer such as Tuesday Morning would have a leg up on the competition. Its prices are sure to attract customers who love to hunt for a good deal, right?
This assumption has proven false, unfortunately. The closeout chain filed for bankruptcy and decided to eliminate around 230 locations last summer. While that may not sound like a huge number when talking about a chain, it is in this case. Tuesday Morning had close to 700 stores, so the closures account for nearly a third of its businesses.
According to Moody’s Investor Service, Rite Aid is a “very high credit risk” with nowhere to go. Unfortunately, it’s neither large enough to compete with Walgreens and CVS nor rich enough to rebrand itself to gain a marketing edge.
While Rite Aid tried to merge with a grocery chain, Albertsons, to alleviate some of the pressure, the deal ended up falling apart. The drug store also tried to work out a merger with Walgreens that fell apart, too. Instead, Rite Aid ended up selling a whopping 1,932 stores and three distribution centers to competitor Walgreens in a diminished deal.
Kohl’s has historically performed much better than some of the country’s higher-end retail clothing stores, thanks in part to the store’s lower prices and constant discounts. Like all other brick and mortar stores, however, Kohl’s is not immune to the woes of the retail apocalypse.
Kohl’s was already experiencing stagnant sales in previous years — we’re talking losing well over half a billion dollars in revenue. To combat losses, Kohl’s decided to take a proactive role. They decided to close “low performing” stores, which were by and large mall-based stores.
At first, discount department store Stein Mart announced that it had filed for Chapter 11 bankruptcy protection, and would be closing “a significant portion, if not all” of its brick and mortar stores across 30 different states. The store had been in business since 1908.
However, it was only one day later that Stein Mart decided to close up all 279 of its store locations for good. They hired five firms to help with the going-out-of-business process and liquidated everything — including merchandise, store fixtures, furniture, and equipment.
In a press release, CEO Hunt Hawkins said that a “challenging retail environment” has made it very difficult for the company to stay in business after more than 110 years.
Last year, women’s retailer J. Jill announced it had partnered with lenders to help the company restructure its growing debt out of court. The company also revealed it would seriously consider filing for Chapter 11 bankruptcy.
After that, J. Jill, which has more than 250 stores across the United States, saw stronger third-quarter numbers than the second quarter. However, they still decided to close up shop in several locations as part of the effort to restructure their debt. They ended up permanently closing 11 stores.
Even with online sales up, Guitar Center as a whole hasn’t been faring so well. During the first half of last year, total sales fell by nearly 20 percent. But for years, the instrument retailer has struggled against its debt load, apparently left from a couple of private equity takeovers.
Although they narrowly avoided bankruptcy for the first part of the year, they did wind up filing for Chapter 11 bankruptcy protection by the end of last year. They have embarked on a reorganization plan to help shed more than $800 million in debt, but it’s worth noting that the company still remains under a huge amount of debt.
Established in 1818, Brooks Brothers is the oldest clothing brand still operating in the United States. However, with more and more people working in non-traditional ways (like from home) and trends shifting to more casual styles of clothing, it’s been tough selling fine clothes like suits. There’s less of a market for it.
The suit store was already considering restructuring before last year. Brooks Brothers made the decision to close 51 locations, even before the company decided to file for Chapter 11 bankruptcy.
This trendy, health-focused grocery chain might have been founded five years prior to Whole Foods, but Earth Fare has always seemed to be in the shadow of the larger chain. The smaller, high-end grocer just didn’t stand a chance against the Amazon-owned competitor.
Earth Fare announced that all of its 50 natural foods locations are closing up. Instead of filing for bankruptcy and attempting to refinance debt, they instead began liquidating all 50 of their stores across 10 southern and midwestern states.
Parent company L Brands revealed that several of their Bath & Body Works locations in the United States would close last year — plus one location in Canada. The company has not yet confirmed which locations are on the chopping block, though.
All in all, L Brands announced that they will close a total of 250 of their stores, including at least 50 Bath & Body Works locations. The fashion retailer is also the owner of another retailer closing up shops: Victoria’s Secret.
Included in L Brand’s 250 store closures: a lot of Victoria’s Secret locations. As foot traffic in malls has dwindled in recent years, it has hurt this once-booming business. However, interim Victoria’s Secret CEO Stuart Burgdoerfer added that the company may close more than the projected number.
“We would expect to have a meaningful number of additional store closures beyond the 250 that we’re pursuing this year,” Burgdoerfer explained. He went on to say that there will likely be more this year, and even more next year.
It looks like there are many Gap store locations on the chopping block, after the clothing retailer experienced a 5 percent decline in holiday season sales. Although the company’s other brands such as Old Navy and Athleta will remain open, they did announce plans to close around 230 Gap stores over the next two years.
Interim CEO Robert Fisher said the closures would breathe new life into the store’s brand. He also announced that the remaining locations would be reduced in size.
Tech giant Microsoft announced that it is permanently closing its 83 Microsoft store retail locations, as the company concentrates on digital retail moving forward. They spent the last decade or so expanding their retail presence to try and mimic a shopping experience similar to Apple’s, but moving forward, customers will visit Microsoft’s online store for support, sales, training, and more.
The Microsoft locations in New York City, London, Sydney, and Redmond will be “reimagined” as experience centers that no longer sell products.
Gamestop is planning to close up shop — or at least 320 or so locations. But in case you were wondering, CFO Jim Bell assures us all that this is part of the company’s “de-densification plan,” and is not related to sales. A quick glance at Gamestop’s fiscal reports shows that the company has been struggling for years, though.
The company closed 320 stores last year, as well. There’s also been a huge shift in the consumer market, with the desire for physical media on the downward slope. Video game enthusiasts continue to turn to easily downloadable digital media versus dealing with hard copies.
It looks like some Walgreens locations will no longer be “at the corner of happy and healthy.” According to a multi-year cost-cutting program, The pharmacy store chain plans to close 200 locations across the United States. Many of these store closings are in prominent locations in large cities, though they only make up around 3 percent of the chain’s 9,600 locations.
This newest announcement is actually in addition to a previously announced round of stores closing, though: Walgreens had also announced that they were shuttering 750 of their stores, too.
Steak ‘n Shake and its franchisees have been closing up restaurants at a steady pace as years of declining sales have taken a toll on the company’s finances. The Indianapolis-based chain has been shifting from a traditionally full-service business to a counter service model, but the changes may not have done enough to save many locations.
It looks like at least 82 restaurants have shut down so far, or around 13 percent of the chain. More locations could be expected to close as the year goes on. Is this the end of Steak ‘n Shake?
Times must be tough if America’s favorite fast-food joint, McDonald’s, is closing up shop. Of course, not all of them are closing, but the fast-food giant did announce that it is permanently closing 200 of its 14,000 U.S. locations this year.
Locations with lower sales volumes, usually found inside of Walmart stores, make up over half of the restaurants on the chopping block. According to the company, the location closings were already planned for future years, but are now being accelerated.
Last year, Nordstrom announced that 16 of their stores will permanently close. The shuttered locations were spread across the entire country in Arizona, California, Colorado, Florida, New Jersey, Maryland, Oregon, Virginia, Texas, and Puerto Rico. This will drop the number of Nordstrom’s multi-floor department stores down to just 100 locations.
This is the first large-scale store closing campaign in the company’s 120-year history. While the closures have helped Nordstrom survive so far, the future isn’t so clear for the department store. It will still take plenty of adjusting and downsizing to make it work.
After years of falling sales and struggling to stay afloat, Pier 1 first planned to close 450 stores, which was about half of their total store count. At the time of the announcement, the company had about 950 stores and around 4,000 employees.
The home furnishings and decor retailer filed for bankruptcy and attempted to find a buyer after that, but they didn’t fare so well. They finally decided to throw in the towel after a dismal year, and announced that they would permanently close the rest of their retail locations.
Starbucks may be a coffee giant, but even they have to make changes in pace with changing consumer habits. The chain has decided to shift focus and change the way they operate — and part of that includes closing locations. The company first announced that they would close 400 locations in the United States and Canada, but later announced they would close an additional 100 stores in the U.S. and 100 more in Canada.
These closures will also help clear the way to open around 300 new spots that specialize in carryout and pickup options, without the traditional cafe-style dining rooms. In other words, they don’t want us hanging around and using their wifi all day, I guess.
America’s about to be running on a little less Dunkin’. The chain is in the process of shuttering approximately 800 U.S. locations. Certain spots, like convenience stores and urban areas, at a higher risk of closure. Over half of the closures are cafes located inside Speedway and Hess gas stations.
Chief Financial Officer Kate Jaspon said they are closing “low-volume, underperforming” locations so they can focus on the company’s “quality-over-quantity development philosophy.” It looks like the company might permanently close around 350 locations outside of the U.S., as well.
J. Crew Group, the parent company of J. Crew and Madewell, filed for Chapter 11 bankruptcy protection. It appears as though the fashion retailer was already on weak footing, and has been at risk of bankruptcy for a while. They were saddled with a debt load of about $1.7 billion.
After filing bankruptcy, the company sought the ability to exit leases through the process — closing stores was part of optimizing J. Crew’s footprint. They did continue to open Madewell stores, though.
It has been well over a year since Forever 21 filed for Chapter 11 bankruptcy — a move that the company’s executive vice president, Linda Chang, called “an important and necessary step to secure the future of our company.” Many of the stores are located in malls, which have seen a big decline in foot traffic in recent years.
The fast-fashion chain is set to close 200 stores, leaving the company with a smaller footprint so it can recover. Forever 21 is also planning to exit most international markets, including Canada, Europe, and Asia.
The brand that once stood for chic and youthful fashion will effectively no longer exist. Drastic changes are being made at PVH Corp, which owns the likes of Calvin Klein and Tommy Hilfiger, including shuttering all Calvin Klein retail stores.
After the unexpected departure of CK’s creative director, Raf Simons, the company said in January that they planned to rebrand the line. Instead, they have decided to terminate the collection entirely, close the New York store, and close the Milan office.
Vitamins and supplements retailer GNC filed for Chapter 11 bankruptcy protection last year, and almost immediately released a list of stores that would close. The list included a total of 248 stores, including 29 locations in Canada and 219 U.S. locations.
As part of the bankruptcy, though, the company plans to accelerate the closures of a total of 800 to 1,200 stores. Altogether, GNC is looking at closing as many as 1,400 stores, which is nearly half of its company-owned locations.
For nearly 40 years, Chico’s has served “the lifestyle needs of fashion-savvy women 30 years and older,” its website reads. Founded in 1983, the company grew quickly to more than 1,400 locations in the United States and Canada.
Unfortunately, shifting consumer habits have changed the landscape for retailers — and Chico’s isn’t immune. This women’s clothing retailer plans to close 100 stores. On top of that, they will also shutter 90 of their White House Black Market stores, and 60 Soma stores over a period of 3 years.
After 34 years of serving arts and crafts enthusiasts, A.C. Moore permanently shuttered all of its stores scattered primarily across the East Coast. Owned by Nicole Crafts, A.C. Moore liquidated, closing all 145 locations. The company said in a press release that it was “very difficult” for them to “operate and compete on a national level.”
As part of their liquidation, A.C. Moore also sold leases for several locations, a distribution center, and intellectual property assets to a former rival craft store, Michaels. The New Jersey distribution center has already been taken over by Michaels, and 40 stores are expected to follow.
Although once a leading U.S. retailer with more than 2,300 stores across the country, Kmart has become merely a shadow of its former self. It’s unclear how long any of Kmart’s remaining locations might keep their doors open. Really, the decline has been ongoing since the 1990s for this retail chain, as they’ve had to close more and more stores over the years.
Their parent company narrowly escaped liquidation a couple of years ago amid a bankruptcy filing, when longtime investor and CEO Eddie Lampert purchased it. But these days, stores continue to close, and there are fewer than 100 locations left.
Remember being a kid and having a nice sit-down family dinner in a Pizza Hut? As it turns out, times have changed — and only about 10 percent of the pizza chain’s sales come from dine-in customers these days. Pizza Hut has decided to focus on improving their carryout and delivery businesses, leaving those dine-in restaurants in the past. They announced they will close nearly 500 stores over the course of two years.
On top of that, Pizza Hut’s largest franchisee, NPC International, filed for Chapter 11 bankruptcy last year. NPC operates more than 1,200 Pizza Huts, plus 400 Wendy’s restaurants. While they don’t plan on shutting those locations yet, it does mean they could be at risk for closures.
Sears is owned by the same parent company as Kmart and is, unfortunately, suffering the same fate. Both were owned by Sears Holdings, which filed for chapter 11 bankruptcy protection a few years back. Things started looking up when investor and CEO Eddie Lampert purchased the failing retailers, and managed to keep them alive under the company name Transformco.
At the beginning of last year, Lampert announced that Transformco would have to close up an additional 51 Sears locations, leaving only roughly 182 Sears and Kmart stores total. It may only be a matter of time before both retailers disappear for good.
Bose is known far and wide for their high-quality audio equipment, but they also have brick and mortar retail locations across North America, Europe, Japan, and Australia. In total, Bose has had approximately 120 stores. Unfortunately, the audio equipment manufacturer announced that they will be closing the doors of those stores.
They already started with closing 50 of their U.S. stores, but the company will eventually close all stores globally. According to Colette Burke, the company’s vice president of global sales, it’s because customers are increasingly doing their shopping online, leaving storefronts empty.
You can expect massive homegoods store Bed Bath & Beyond to carry over 300,000 items at any given time. But despite the impressive selection, consumers aren’t showing up like they used to. The company has been on the decline for a while, with income losses in consecutive years.
Last year, it was announced that 200 Bed Bath & Beyond locations would be closing, accounting for approximately 21 percent of its flagship stores. And while that sounds grim, CEO Mark Tritton is keeping his head up: “Bed Bath & Beyond will emerge from this crisis even stronger, given the strength of our brand, our people, and our balance sheet.”
Tailored Brands, the parent company of Men’s Wearhouse and Joseph A. Bank (along with others), made plans to permanently close up to 500 stores. They also planned to cut around 20 percent of their corporate workforce. Just two weeks after that announcement, the company also filed for Chapter 11 bankruptcy protection.
As Tailored Brands moves forward with bankruptcy proceedings, the first round of closures includes more than 30 Men’s Wearhouse locations. They are also shuttering several Jos. A. Bank, Moores Clothing for Men, and K&G Fashion Superstore locations.
Between declining foot traffic at malls, fast-fashion companies, and online competition, Express hasn’t been faring so well in recent years. The company had already closed 9 locations, but last year saw even more. At the start of last year, Express had closed 31 stores across 20 states.
An additional 35 locations are expected to close their doors this year, too. And they’re planning on closing even more: 25 stores are expected to close by next year. In total, Express will end up shuttering about a quarter of its total locations.
Until their closure last year, Lord & Taylor held the title of America’s oldest department store, operating since 1826. The flagship store on Fifth Avenue in New York City had been operating since 1914. Unfortunately, all that history wasn’t enough to keep the department stare afloat.
Lord & Taylor first started liquidating 19 of its remaining 38 stores after filing for Chapter 11 bankruptcy last year. The rest of the stores soon followed, along with one outlet store. All of Lord & Taylor’s assets were purchased by Saadia Group, which has now revived the brand as an online-only store.
Much like other department store giants, Macy’s isn’t faring so well in the face of American malls dying out. By early last year, Macy’s had announced a three-year plan to close roughly 125 locations — which accounts for a fifth of its stores. 30 stores already closed last year as part of that plan.
Macy’s CEO Jeff Gennette said in a recent press release the company would “focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business, and explore new revenue streams.”
Although you can still purchase Hallmark-branded cards and other merchandise from other retailers, Hallmark-branded stores are becoming a thing of the past. The greeting company has been in decline for a few years now, and at least 16 locations in the United States closed last year.
One Hallmark store owner from Forest Park, Illinois, said that it’s “not a viable business any longer” thanks to social media. “People used to buy and send cards all the time. It’s all online now. Everyone celebrates their birthdays on social media.”
Likely due to the same reasons for Hallmark’s decline, mall staple Papyrus, best known for selling upscale greeting cards and stationary, is going out of business. The company has experienced a revenue decline over several years leading up til now, so it shouldn’t come as much of a surprise.
The parent company of Papyrus, Schurman Retail Group, filed for Chapter 11 bankruptcy protection early last year. They then announced that they are closing all Papyrus stores across the United States and Canada — 254 locations in total.
Regional grocer Lucky’s Market, which focuses on natural and organic foods, announced that they are closing the majority of their stores. Although the specialty grocery store is based in Boulder, Colorado, the chain had locations across nine states.
Lucky’s Market abruptly shuttered 32 of its 39 stores at the beginning of last year, after just making the announcement a month before. Twenty of the stores that closed were located in Florida. Combine that with the closures and a reduction in staff at the company’s support office in CO, they laid off a total of 2,500 employees.
Signet Jewelers is the world’s largest retailer of diamond jewelry, but even they aren’t immune to store closures and shifting consumer habits. Not even Valentine’s Day could save the diamond jewelry giant. The jewelry company, which owns Kay Jewelers, Zales, and Jared retail brands, announced it is permanently closing about 400 stores across all of its brands.
Also on the chopping block? Piercing Pagoda, Signet’s mall-based kiosks. Instead, Signet Jewelers is trying to jump on the bandwagon and stay afloat — by growing its digital presence and focusing on its online sales.
Although JCPenney has been around for almost 120 years, the latest financial news shows that this department store chain is struggling to keep its doors open. Large department stores just aren’t faring so well these days.
Last year, JCPenney filed for Chapter 11 bankruptcy protection and was at risk of total liquidation. The retail store survived bankruptcy after ending sales of appliances and furniture, and closing around 150 locations. Another 15 stores are scheduled to close by the end of this year.
All that preppy clothing and the overwhelming cologne-scented stores are becoming a thing of the past. The company announced it was planning to close 40 Abercrombie & Fitch and Hollister locations last year, after having already closed down 29 locations a few years back.
As part of the company’s previously announced global strategy, Abercrombie & Fitch will also close its four biggest flagship stores this year: Dusseldorf, London, Munich, and Paris. Key stores in Brussels, Belgium; Madrid, Spain; and Fukuoka, Japan are expected to close as well when their leases expire.
After filing for Chapter 11 bankruptcy protection for the second time in two years, Gymboree announced that they were closing all 900 of their Gymboree and Crazy 8 stores. They also said they were planning to sell their higher-end line, Janie and Jack, instead of liquidating the label.
After going out of business, though, former rival The Children’s Place bought the Gymboree brand. You can now find Gymboree-branded products in select locations of The Children’s Place, and online through the Gymboree website.
Destination Maternity Corporation filed for Chapter 11 bankruptcy protection a couple of years ago, citing a challenging retail environment. The company runs mid-priced to high-end maternity apparel under three highly recognizable brands: Destination Maternity, A Pea in the Pod, and Motherhood Maternity.
Apparently, the retailer was struggling to stay afloat — failing to turn a profit since 2014. As part of the bankruptcy proceedings, the maternity retailer announced they would be closing more than 180 of its stores in an effort to restructure.
After a partial acquisition by another athletic and running retailer, JackRabbit, Olympia Sports announced that they would close dozens of stores across 12 states down the East Coast. The athletic footwear and apparel retailer had a total of 151 stores at the time, and half of them hit the chopping block.
JackRabbit decided to keep 75 of the Olympia Sports stores open, but 76 of them were not included in the sale. Those stores were closed last year after liquidation sales.
If you need sporting goods equipment in New York, you “Gotta Go to Mo’s,” right? Well, not anymore. After 131 years in business, the family-owned Modell’s filed for Chapter 11 bankruptcy with a plan to close all of their store locations.
Most sporting goods retailers have been hit hard by online shopping — more so than other retail sectors. CEO Mitchel Modell said that he decided to liquidate because of an “extremely challenging environment for retailers.” The company ended up shuttering all 153 stores in the northeast.
It appears as if Christopher & Banks is losing more money than it’s making — which is certainly not a good business model if you want to continue to operate. This womenswear chain retailer decided to close up most, if not all, of their brick and mortar locations for good.
The brand, which operates women’s clothing and accessories stores across 44 states, “expects to close a significant portion, if not all, of its brick and mortar stores,” said a statement from representatives of Christopher & Banks.
Like many other stores that rely on shopping mall traffic, New York & Company isn’t seeing the foot traffic needed to stay afloat. In the middle of last year, parent company RTW Retailwinds, Inc. announced that they filed Chapter 11 bankruptcy protection and that it had already “launched a store closing and liquidation process.”
It was only a couple of short weeks later that all New York & Company stores had already begun liquidation sales. Merchandise, store furniture, fixtures, and other equipment were all sold off.