Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.

Inc.

Retail Closures Surged in 2024, and Could Double to 15,000 This Year

A record 15,000 chain stores across the US are expected to shutter this year – or more than twice as many as last year – and fast-growing online retailers from China are a major factor, according to a new report.

Ad Fontes Media

All Sides

Media Bias/Fact Check

New York Post

Murdoch family

New York

United States

Record 15K chain stores expected to close across US in 2025 — as China-backed retailers surge: study

Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry winners, according to an analysis by Coresight Research.

CNBC

Roberts family

Store closures hit highest level since pandemic — see who is shutting down the most locations

An ongoing surge of U.S. retail closures is expected to persist in 2025 as legacy companies face relentless competition from eCommerce platforms Shein and Temu. Coresight Research, a firm specializing in retail and technology, estimates that closures will rise to 15,000 in 2025. The firm also projects about 5,800 store openings nationwide this year, but results in a net loss. With a wave of bankruptcies and closures announced in 2024 from major …

Fox Business

Pressure from Shein, Temu accelerate retail closures

Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers' dollars increasingly go to a few industry winners, according to an analysis by Coresight Research.
Major retailers, including Party City and…

Upstract

BizToc

Store closures in the U.S. are expected to double by 2025, driven by inflation and a shift toward online shopping, according to Coresight Research.

Scripps News

E. W. Scripps Company

Atlanta

Fulton County

Georgia

Retail Apocalypse: US store closures expected to surge in 2025

Joe Mansueto

Coresight Research expects some 15,000 locations to shutter in 2025, with plans already up well over 300% year over year.

RetailWit

US store closures to again outpace openings this year – RetailWit

Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023.  Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty Images 
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry winners, according to an analysis by Coresight Research. Major retailers, including Party City an…

Stockxpo - A professional network of traders, investors and analysts

How much retail space opened versus closed in the US in 2024? Discover key data points we are watching in week 4 of 2025, with a focus on the physical retail landscape. The post Three Data Points We’re Watching This Week, Week 4: US Store Openings and Closures—2024 Review appeared first on Coresight Research.

Retail Closures Surged in 2024, and Could Double to 15,000 This Year

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics