US store closures to again outpace openings this year


US store closures to again outpace openings this year
Coresight Research expects some 15,000 locations to shutter in 2025, with plans already up well over 300% year over year. Dive Brief: U.S. retailers are expected to close more stores than they open again this year, according to Coresight Research. Last year, 5,970 stores opened and 7,325 closed, a net loss of 1,355 as of Jan. 10. In 2025, Coresight expects about 15,000 U.S. stores to shutter, as openings remain steady at about 5,800. As of Friday, Coresight tracked more than 2,000 closures slated for this year, which represents a year-over-year increase of more than 334%, compared to nearly 30% fewer openings. ...more RSK: The closings are mainly driven by large retail companies...smaller retaiors keep leasing space in strip malls etc.
Share this article on you social outlets
Our Sponsors - - Volume: 25 - WEEK: 5 Date: 1/28/2025 2:54:10 PM -

U.S. retailers are expected to close more stores than they open again this year, according to Coresight Research. Last year, 5,970 stores opened and 7,325 closed, a net loss of 1,355 as of Jan. 10.
In 2025, Coresight expects about 15,000 U.S. stores to shutter, as openings remain steady at about 5,800.
As of Friday, Coresight tracked more than 2,000 closures slated for this year, which represents a year-over-year increase of more than 334%, compared to nearly 30% fewer openings.