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Retail Apocalypse: 8,100 Stores Closed Amid Bankruptcy Surge

1/1/2026

25 5 Full Breakdown

Summary

Story summary

In 2025, a wave of U.S. retail bankruptcies hit many chains, including Forever 21 (the retailer), which ceased operations amid rising costs and e-commerce competition.
The Administrative Office of the U.S. Courts reported a 14.7% rise in business bankruptcies from March 2024 to March 2025.
More than 8,100 stores closed nationwide, a 12% rise from the previous year, with closures including Party City, Joann Fabrics, and Rite Aid.

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Story summary

In 2025, a wave of U.S. retail bankruptcies hit many chains, including Forever 21 (the retailer), which ceased operations amid rising costs and e-commerce competition.
The Administrative Office of the U.S. Courts reported a 14.7% rise in business bankruptcies from March 2024 to March 2025.
More than 8,100 stores closed nationwide, a 12% rise from the previous year, with closures including Party City, Joann Fabrics, and Rite Aid.