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Retail Apocalypse: 15,000 Stores Set to Close by 2025

2/7/2025

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Summary

Story summary

Store closures could double to approximately 15,000 by 2025, according to forecasts.
Increased competition, rising costs, and a sluggish housing market challenge retailers.
Struggling brands like Big Lots contribute to the closure of underperforming stores.
Despite closures, 5,800 new store openings are expected this year.
Retailers are transitioning to smaller, more efficient locations to meet evolving consumer demands.

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Story summary

Store closures could double to approximately 15,000 by 2025, according to forecasts.
Increased competition, rising costs, and a sluggish housing market challenge retailers.
Struggling brands like Big Lots contribute to the closure of underperforming stores.
Despite closures, 5,800 new store openings are expected this year.
Retailers are transitioning to smaller, more efficient locations to meet evolving consumer demands.