Several major retailers, including Macy's, Walmart, Walgreens, Starbucks, Dollar Tree, Office Depot, Party City, and Foot Locker, are planning to close hundreds of stores in 2025 due to changing consumer habits and industry trends.
Major retailers are closing stores starting next year amid a changing industry and consumers spending habits shifting. These store chains will close multiple locations across the country in 2025, and here’s what you need to know. Macy’s is expected to close 65 locations by the end of 2024. In February, Macy’s announced plans to close approximately 150 'underproductive' U.S. stores through 2026, including 50 locations this year.
Six Walmart stores have closed so far in 2024, according to reports – including a pair of stores in California and one in Maryland. One Walmart location closed in Ohio and another pair of stores closed in San Diego that the company said did not meet financial performance expectations. The retail giant is also planning to build or convert more than 150 stores over the next five years. Walgreens announced the closing of 1,200 stores and is expected to close 500 locations in the 2025 fiscal year, and the total closures will amount to 1,200 by the end of 2027. Starbucks will close several stores in 2025 as the company looks to optimize operations.Dollar Tree is planning to close select underperforming locations in 2025. Office Depot has been downsizing for years, and 2025 will see even more closures. The shift to remote work and digital offices has reduced demand for office supplies.Party City is permanently closing its doors after 40 years. The company had more than 700 company-owned and franchised stores as of late October, FOX Business reported, citing a press release from the company. Foot Locker announced in 2023 that it planned to close more than 400 low-performing stores in shopping malls through 202
Retail Closures Macy's Walmart Walgreens Starbucks Offices Depot Party City Foot Locker Consumer Habits Industry Trends
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