U.S. store closures to double in 2025

An estimated 15,000 stores will shutter in 2025 in the United States, compared to 7,325 in 2024, according to Coresight Research. Likewise, the number of new store openings is expected to fall to 5,800 in 2025 from 5,970 in 2024.  

More than 2,000 stores have already closed in 2025, according to Time Out, which represents an increase of 334 percent YoY. Also, several national store chains have announced consolidations, closures and even bankruptcy, including department store chain Kohl's, discount retailer Bargain Hunt and furniture/home goods retailer Big Lots. Other major names such as Walgreens, Macy's and Starbucks are also planning to consolidate some of their physical locations overlapping in some markets over the course of the year.  

On a positive note, there is still significant tenant demand for quality retail space and overall vacancy remains low. The national retail vacancy rate in the United States hovers around 4%. The vacancy rate has been below 5% for nearly three years.

Read more: US Store Closures Predicted to More Than Double in 2025 (Newsweek)