Hardware Retailing The Industry's Source for Insights and Information
Many retailers faced a challenging year in 2025, with an unstable economy, tariff fluctuations and other industry difficulties. While some retailers have stood their ground throughout the year, many have been forced to close their doors. Here are the major retailers that closed in 2025:
- Joann Fabrics closed in May 2025, marking the second time the company filed for bankruptcy
- Rite Aid also filed for bankruptcy in May, also for the second time
- Claire’s filed for bankruptcy for the second time in August
- At Home filed for bankruptcy in June and closed a few dozen store locations, but has not officially gone out of business
- Big Lots closed many locations in 2025 after filing for bankruptcy in late 2024, but just over 200 locations have recently reopened due to Variety Wholesaler purchasing the locations
- Party City officially closed its doors at the end of February 2025
Many other retailers, while not completely bankrupt, were forced to close multiple store locations in 2025:
- Macy’s closed over 200 locations
- Walgreens closed dozens of locations as part of a plan to close 1,200 stores
- Forever 21 closed all stores but still operates online
- Dollar General closed 150 stores
- Kohl’s closed 24 stores
- American Signature and Value City Furniture closed 33 stores
- Carter’s closed 150 stores
- CVS closed hundreds of stores
