Every year, a handful of major retailers close down some of their stores.
Some of these retailers simply take a step back by closing underperforming locations. Others go out of business altogether.
This year is no exception. Here are some big retailers shuttering locations in 2025.
CVS
Your neighborhood’s go-to pharmacy might not be there come 2026.
The latest annual report from CVS says that the corporation will close 271 stores in 2025 after “a strategic review of its retail business” that was conducted as part of a company-wide restructuring plan.
This comes after the closure of approximately 900 CVS stores from 2022 through 2024. The company did open 39 stores in 2024, despite closing 299 that year, so maybe there are more to come.
GameStop
In a February filing with the U.S. Securities and Exchange Commission, GameStop reported its plans to close “a significant” number of stores during its 2025 fiscal year, which runs until Jan. 31, 2026. However, GameStop hasn’t released any additional information since then.
During GameStop’s 2024 fiscal year (which ended Feb. 1, 2025), it closed 590 U.S. locations after a review that entailed “identifying stores for closure based on many factors, including an evaluation of current market conditions and individual store performance.”
Rite Aid
Rite Aid first filed for bankruptcy protection in 2023 and, at the time, announced the closure of about 100 stores. However, it has filed a second time and will go on to close an additional 316 locations.
Rite Aid announced in May that not every pharmacy will completely shutter its doors. CVS Pharmacy, Walgreens, Albertsons, Kroger, Giant Eagle and others will take over more than 1,000 pharmacies that were Rite Aid assets.
In the announcement, Rite Aid CEO Matt Schroeder said, “A key priority for Rite Aid is to ensure that as many of our loyal customers as possible continue to receive the pharmacy services and care they require without interruption. These agreements ensure our pharmacy customers will experience a smooth transition while preserving jobs for some of our valued team members.”
Advance Auto Parts
Advance Auto Parts closed more than 500 corporate stores during its first quarter of 2025, which ended April 19. But new ones could still pop up near you.
Advance Auto Parts says it’ll open 30 more locations in the U.S. in 2025 and another 100 by 2027.
J.C. Penney
J.C. Penney filed for bankruptcy protection in 2020 and has been closing stores in the aftermath.
Seven stores across seven states closed in May, and one other in Maryland is slated to close in August. That’s in addition to the 200 other store closures that have happened over the last few years.
Still, in January, J.C. Penney announced that the company had merged with SPARC Group, the owner of several clothing chains, to form a new company altogether: Catalyst Brands. The included brands are Aeropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica.
Joann
If you’re a fan of this retailer, tragically, you may already have been faced with an empty storefront.
Joann filed for bankruptcy protection a second time in January and closed its remaining 444 stores by May 31. Hopefully, there’s another craft store nearby.
Macy’s
This department store closed 66 stores during the first quarter of this year as part of its ongoing Bold New Chapter strategy, which Macy’s said is designed to return it to “sustainable, profitable sales growth.”
The strategy involves closing a total of around 150 underperforming stores over a three-year period while investing in 350 stores that Macy’s plans to keep.
“[W]e are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go-forward stores, where customers are already responding positively to better product offerings and elevated service,” CEO Tony Spring said earlier this year.
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