15,000 U.S. stores to close in 2025

In 2025, a record number of 15,000 stores are expected to close in the United States. This number is nearly double last year's closures and surpasses the figures from the COVID-19 pandemic. Experts cite inflation and a rise in online shopping as major reasons for the decline of traditional brick-and-mortar stores. Many well-known retailers are struggling. Macy's is closing 150 underperforming stores, reducing its total by a third. CVS has also shut down many locations, contributing to the rise of "pharmacy deserts" in communities that now have fewer options for essential medications. In the fashion sector, Foot Locker and other brands have announced store closures due to financial difficulties. Despite these challenges, some believe the shakeout in retail may not be all bad. Industry analysts suggest that this could lead to healthier business practices in the long term. Discount retailers are thriving as consumers look for affordable options amidst inflation. Walmart and Costco are among those that continue to do well. Looking ahead, UBS predicts that the U.S. could lose 45,000 stores by 2030, impacting various sectors including clothing and electronics. Retailers are forced to adapt to changing consumer preferences, shifting towards more digital experiences. While some businesses may fade away, others will need to evolve to survive in this new retail landscape.