These Retailers Top the List for Store Closures for 2015

Photo (cc) by Nicholas Eckhart

What do Abercrombie & Fitch, RadioShack, Family Dollar and Staples all have in common? They are four of the top 10 retailers closing the most brick-and-mortar stores in 2015.

E-commerce continues to increase in popularity, bringing in a bigger share of retail sales in recent years, which is driving many retailers to shutter stores, 24/7 Wall St. reports.

While total U.S. retail sales grew 3.7 percent in the fourth quarter of 2014 compared to the same quarter in 2013, e-commerce sales jumped 14.6 percent in the fourth quarter. One year earlier, total sales grew 3.8 percent year-over-year, while e-commerce sales increased 16 percent.

According to 24/7 Wall St., these 10 companies are closing the most stores:

  • Abercrombie & Fitch. 60 stores closing in 2015.
  • Aeropostale. 126 stores to be closed in 2015. It also shuttered 120 stores in 2014.
  • Barnes & Noble. “So far, Barnes & Noble has at least managed to close many of its stores upon the termination of the lease period. In doing so, the bookseller has managed to avoid taking major losses from store closures,” 24/7 Wall St. said.
  • Family Dollar. Dollar Tree acquired Family Dollar Stores in 2014, and then announced it would close up to 500 stores.
  • JCPenney. 40 stores will be closed in 2015.
  • Macy’s. 14 store closures in 2015.
  • Office Depot. After merging with OfficeMax in 2013, Office Depot elected to close 400 stores through 2016.
  • RadioShack. The company declared bankruptcy and announced it would sell 1,500 to 2,400 of its 4,000 company-owned stores to General Wireless.
  • Sears Holdings. 235 stores (the majority of them Kmarts) to be closed in 2015.
  • Staples. 225 stores closures planned for 2015.

Do any of the store closures come as a surprise to you? Have any of the companies shuttered stores in your area? Share your comments below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
9 Products That Will Organize Your Home for Under $45
9 Products That Will Organize Your Home for Under $45

These clever Amazon finds can help transform a messy nest into the pristine home of your dreams.

5 Products You Should Never Buy Generic
5 Products You Should Never Buy Generic

Generic products are a great way to save money, but sometimes the brand-name version is clearly superior.

10 U.S. Jobs That Are Disappearing Fastest
10 U.S. Jobs That Are Disappearing Fastest

Think twice before pursuing these shrinking occupations.

Eat This Food If You Want to Avoid Alzheimer’s Disease
Eat This Food If You Want to Avoid Alzheimer’s Disease

One type of food associated with the Mediterranean diet offers especially large benefits.

Stop Overpaying for These 10 Common Purchases
Stop Overpaying for These 10 Common Purchases

The best price for many of these items is “free.”

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

Whether you resell it for a big profit or add it to your own wardrobe, this type of clothing is a hidden steal.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

9 Things You’ll Never See at Costco Again
9 Things You’ll Never See at Costco Again

The warehouse store offers an enormous selection, but these products aren’t coming back.

10 Cars You Are Most Likely to Keep for 15 Years
10 Cars You Are Most Likely to Keep for 15 Years

The cars that owners hold onto the longest have one thing in common, a new study shows.

11 Laws You Could Be Breaking Without Knowing It
11 Laws You Could Be Breaking Without Knowing It

Seriously? Fibbing about the weather is a crime? This and other little-known legal traps await the unwary.

Is This Treatable Condition Causing Your High Blood Pressure?
Is This Treatable Condition Causing Your High Blood Pressure?

Researchers say too many doctors are overlooking this potential source of hypertension.

Does Wearing 2 Masks Protect You Better From COVID-19?
Does Wearing 2 Masks Protect You Better From COVID-19?

A growing number of people are wearing two masks instead of just one. Should you join them?

13 Things Seniors Can Get for Free — or Almost Free
13 Things Seniors Can Get for Free — or Almost Free

There are many ways to get cheap or free services and goods after reaching a certain age.

7 Social Security Benefits You May Be Overlooking
7 Social Security Benefits You May Be Overlooking

There’s more to Social Security than retirement benefits.

Taking a Multivitamin? Here’s Why You Should Reconsider
Taking a Multivitamin? Here’s Why You Should Reconsider

A new study has bad news for the millions of Americans who spend money on multivitamins.

21 Items to Cut From Your Budget That You Won’t Even Miss
21 Items to Cut From Your Budget That You Won’t Even Miss

Start off the new year by implementing these small-but-smart savings strategies. They’ll soon add up.

Internet Providers Can’t Charge You for This Anymore
Internet Providers Can’t Charge You for This Anymore

Starting this month, your ISP no longer can bill you for this fee.

9 Things You Should Never Leave in a Car
9 Things You Should Never Leave in a Car

Thinking of leaving these possessions in a car? Prepare for unexpected consequences.

Organize Your Home With These 10 Thrift Store Finds
Organize Your Home With These 10 Thrift Store Finds

Resolve to be clutter-free in 2021 with these secondhand purchases.

Prepare to Pay More for These 31 Drugs in 2021
Prepare to Pay More for These 31 Drugs in 2021

More than 700 prescription medications have seen price hikes so far this year. Here’s a look at the worst.

15 Painless Ways You Can Cut Costs in 2021
15 Painless Ways You Can Cut Costs in 2021

Follow these tips to save, so you’ll have money for things that really matter.

5 States Lowering Taxes This Year and 2 Raising Them
5 States Lowering Taxes This Year and 2 Raising Them

State personal income tax rates, brackets and deductions just changed in these places.

7 Tricks to Cleaning Your Bathroom Faster
7 Tricks to Cleaning Your Bathroom Faster

These tips can get your bathroom sparkling with little time and no elbow grease.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.