- At least 13 retail brands have said they’re closing US stores in 2024, totaling up to 2,045 locations.
- Family Dollar is the largest chain on the list, planning to close at least 600 stores this year.
- Other companies, such as Walmart and TJX, are closing a few stores while opening many more.
A Business Insider tally of disclosures from 13 retail chain brands found as many as 2,045 stores have closed or are set to close across the US in 2024.
The number is down considerably from prior years, including last year, when the collapse of Bed Bath & Beyond contributed to the shuttering of more than 2,800 locations.
Analysts at UBS think the total number of US retail closures could reach 45,000 over the next five years, led largely by smaller stores going out of business, even as larger firms such as Walmart, Costco, Target, and Home Depot continue to expand.
Topping this year’s list is the Dollar Tree-owned Family Dollar, which is set to close at least 600 locations, with more to come as leases expire.
Some companies, including Express and Foxtrot, are in dire financial straits. Others, such as Walmart and TJX, have plans to expand by more stores than they close. Still others, like Foot Locker and Macy’s, are shifting their strategies as shopping patterns change.
See the full list below:
