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Store Closings: What We Saw in 2023 + What To Expect in 2024

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We got kind of a break from the retail apocalypse in 2022, but here we are in 2024, two years later, still seeing store closings, fueled mainly by inflation and economic uncertainty.

Lots of store chains — particularly the mall-based ones — are struggling right now, and some are calling it quits. We’ve listed every major chain that closed 10 or more stores over the last year or are closing in 2024, and will keep this updated as news breaks. Not all of these stores will have liquidation sales — some more product around to other stores — but when there are savings to be had, we’ll let you know in this list.

Speaking of which, it’s probably a good time to brush up on how liquidation sales work, so you can be ready for all the closeout savings that are headed your way.

Store Closings 2024

CVS is closing 300 stores this year.

CVS pharmacy store front

CVS will close 300 stores this year (this is 1/3 of the 900 stores they announced would close starting in 2022. Even though it sounds like a lot, it’s about 9% of their 10,000 stores in the U.S. The stores that are more likely to close are in areas where there are already lots of CVS stores. Don’t expect any big closing sales, though.

The company is also looking at changing some stores into different things like health clinics or CVS HealthHUBs, which offer more than just pharmacy services. They’re doing all this to fit changing customer habits, which include more online shopping and curbside pickup.

Foot Locker is closing up to 420 stores.

     

Foot Locker’s plan to close up to 420 of their 1,300 North American mall-based stores by 2026 represents a closure of approximately 32.3%. Instead, they’re looking to open around 300 smaller, freestanding stores geared toward kids, “sneakerheads”, and higher-priced items.

Since you’re not likely gonna see liquidation sales with this plan, you’ll want to find your own Nike deals and Adidas deals.

Joann Fabrics & Crafts

joanns store front with fall decor outside

It's official after a few weeks of rumblings, Joann filed for bankruptcy on March 18, 2024. According to reports, all 800 U.S. stores and Joann.com will remain open for business while the company restructures their finances.

Although Covid initially boosted sales for crafts and DIY essentials, by the end of 2023, Joann was in a sales slump, facing a drop of more than 4% in their year-over-year earning. Here's hoping at 81 years old, Joann has what it takes to stay the course and avoid store closures.

Note, we are preparing for the worst, which is why they made our 2024 closure list.

Rite Aid will be closing 400-500 stores as part of bankruptcy filing.

a person standing outside of a Rite Aid store

Rite Aid filed for Chapter 11 bankruptcy on Oct. 15, 2023, and as part of their financial restructuring, they’ll be closing 400-500 of their 2,200 stores — which is 18-23% of their total stores.

The third-largest pharmacy chain has experienced declining sales, a tanking stock price, as well as mounting debt. They’re currently $3 billion in debt, and are in the midst of opioid-related lawsuits.

Stores have already started closing. Although there won’t be any true liquidation sales, customers have said that their closing stores have a lot of product discounted 50-75% off. Here are the stores that will close in 2024:

California:

  • 2025 East Washington Street, Colton

  • 9940 Sierra Avenue, Fontana

  • 17904 Magnolia Street, Fountain Valley

  • 4224 East Shields Avenue, Fresno

  • 260 North Sanderson Avenue, Hemet

  • 5520 Woodruff Avenue, Lakewood

  • 968 Murrieta Boulevard, Livermore

  • 2647 West Foothill Boulevard, La Crescenta

  • 11750 Wilmington Avenue, Los Angeles

  • 3230 West Slauson Avenue, Los Angeles

  • 24991 Alessandro Boulevard, Moreno Valley

  • 1020 East Broadway Street, Needles

  • 11350 Victory Boulevard, North Hollywood

  • 9650 Baseline Road, Rancho Cucamonga

  • 700 East Redlands Boulevard, Suite A, Redlands

  • 8694 Lake Murray Boulevard, san Diego

  • 1159 East Los Angeles Avenue, Simi Valley

  • 10989 Ventura Boulevard, Studio City

  • 1615 Main Street, Susanville

  • 39782 Winchester Road, Temecula

  • 630 East 1st Street, Tustin

  • 6767 Westminster Boulevard, Westminster

Connecticut:

  • 1360 Boston Post Road, Milford

Delaware:

  • 17069 South Dupont Highway, Harrington

Idaho:

  • 10600 Fairview Avenue, Boise

Maryland:

  • 250 West Chase Street, Baltimore

  • 798 Sunburst Highway, Cambridge

Massachusetts:

  • 824 Purchase Street, New Bedford

  • 467 Broadway, Revere

Michigan:

  • 4612 Woodward Avenue, Detroit

  • 1002 East Grand River Avenue, Howell

  • 2006 N. Saginaw Road, Midland

New Hampshire:

  • 951 Central Street, Franklin

  • 586 Nashua Street, Unit 8-9, Milford

New Jersey:

  • 1097 Broadway, Bayonne

  • 1360 Blackwood Clementon Road, Clementon

  • 249 Cuthbert Boulevard, Haddon Township

  • 335 Village Center Drive, Logan Township

  • 104 12th Avenue, Newark

  • 237 Spring Street, Newton

New York:

  • 153 Grant Avenue, Auburn

  • 901 East Gun Hill Road, 2426-34 Eastchester Road, Bronx

  • 1179 East 233rd Street, Bronx

  • 249 7th Avenue, 7812 Flatlands Avenue, Brooklyn

  • 2474 Bailey Avenue, Buffalo

  • 119 West 2nd Street, Elmira

  • 196 East Hartsdale Avenue, Hartsdale

  • 151 West Main Street, LeRoy

  • 47 East Prospect Avenue, Mount Vernon

  • 40 Vassar Road, Poughkeepsie

Ohio:

  • 100 South Leavitt Road, Amherst

  • 15149 Snow Road, Brookpark

  • 1221 West High Street, Bryan

  • 11702 Lorain Avenue, CLeveland

  • 633 South Broadway, Geneva

  • 2709 Broadway Avenue, Lorain

  • 21800 Libby Road, Maple Heights

  • 1081 Mount Vernon Avenue, Marion

  • 15596 West High Street, Middlefield

  • 2154 Elm Road NE, Warren

Oregon:

  • 1555 N.E. Division Street, Gresham

  • 600 NW 10th Avenue, Portland

Pennsylvania:

  • 6822 Hamilton Boulevard, Allentown

  • 1600 9th Ave. Suite 35, Altoona

  • 472 N. Main Street, Doylestown

  • 200 North Antrim Way, Greencastle

  • 501 South 29th St. Suite A, Harrisburg

  • 200 Kimberton Road, Phoenixville

  • 60 South Water Street, Sharon

Virginia:

  • 2460 George Washington Memorial, Hayes

  • 1517 Holland Road, Suffolk

Washington:

  • 23940 NE State Route 3, Belfair

  • 1825 Broadway, Everett

  • 1820 N 45th Street, Seattle

  • 2028 East Isaacs Avenue, Walla Walla

The Body Shop

After struggling financially for years, The Body Shop filed a Chapter 7 bankruptcy in New York and closed all of their 50 U.S. locations on March 1, 2024. Unfortunately for the U.S. stores, employees, and vendors, The Body Shop's parent company took all cash from U.S. operations before filing, leaving U.S. store unable to pay their vendors and other obligations. There's no word of liquidation for the U.S. locations.

Walgreens is closing 150 stores.

Walgreens store front

After they missed some profit goals in 2023, Walgreens announced plans to shut down 150 stores by August 2024. That’s nearly 1.7% of their nearly 9,000 U.S. stores. They haven’t yet announced which stores will be closing, but regardless — don’t expect liquidation sales. The drugstore chain will likely move products around to the 98.3% of stores left.

You can create your own liquidation sales with our list of Walgreens deals under $1.

Stores Closures in 2023 (But Still in Business)

Bath & Body Works closed 50 mall stores.

Bath and body works storefront

Bath & Body Works closed approximately 50 mall stores in 2023, buuuut… they also worked on opening 90 new standalone stores and redesigning 25 White Barn Candle Company stores.

The closures took place in: Alabama (1 location), Arizona (2), California (6), Florida (1), Georgia (2), Idaho (1), Michigan (1), Minnesota (2), Missouri (1), Mississippi (1), New Jersey (1), New York (7), Ohio (1), Pennsylvania (2), Texas (2), Virginia (1), and Washington (4).

Related: Get a Free Full-Size Body Care Item With Bath & Body Works Mailed Coupons.

Bed Bath & Beyond closed all 360 of their stores.

After struggling for years, Bed Bath & Beyond filed for bankruptcy and closed their brick-and-mortar stores. Late in 2023, Overstock.com (now Beyond, LLC) bought Bed, Bath, and Beyond and relaunched the BedBathandBeyond.com website.

Best Buy shuttered 23 stores last year.

A Best Buy storefront.

Best Buy closed 24 of their stores in 2023. They plan to close 15-20 locations through this year into Jan 2025.

Boston Market closed 50 locations.

Boston Market

Boston Market is dealing with significant financial problems and legal troubles, leading to recent closures of 50 more stores. In August 2023, New Jersey’s Labor Department ordered 27 locations to close temporarily after an investigation found that the chain owed more than $600,000 in back wages to 314 employees.

But that’s just the beginning. The Daily Mail has reported that company-wide, Boston Market owes a lot of money — over $329,000 in unpaid sales and payroll taxes. This has led to some big problems, like their main office being taken over and stores being kicked out of their locations because they couldn’t pay the rent.

Plus, the owner of Boston Market, Jignesh Pandya, has himself filed for personal bankruptcy protection.

Between 2017 and 2022, the Golden, Colorado-based chain closed 161 stores, according to Market research firm Technomic. It appears there are now only about 250 locations left.

Burger King is closing up to 400 locations.

outside burger king

Burger King closed about 300 restaurants nationwide in 2023, which was about 3.7% of the total locations in the country. The CEO maintained that it’s pretty typical for the company to close “a couple hundred” Burger King locations each year. As of Feb. 14, 2024, it appears that most of the closures are done. This doesn't mean they won't close more restaurants this year or in the future — the numbers won't be as high as the last few years.

BuyBuy Baby has closed all 122 of their stores.

     

As part of Bed, Bath & Beyond’s bankruptcy filing, all 122 BuyBuy Baby stores in 37 states closed in 2023.

But… BuyBuy Baby made a comeback in early 2024. You can shop in store at any of their 11 East Coast locations or online at BuyBuyBaby.com.

Champs Sports shuttered 125 stores last year

As part of parent company Foot Locker’s business reorganization, 125 underperforming Champs Sports locations closed in 2023 — representing 1/4 of their total locations.

Related: Browse all of KCL’s many shoe deals to get clearance-level discounts.

David’s Bridal closed 49 locations.

David’s Bridal filed for bankruptcy in April 2023, and was quickly sold in July. Although they closed 49 stores, the company is still in business with over 175 stores across the U.S. in addition to the DavidsBridal.com website.

HomeGoods closed their online store.

home goods store

After just two years, HomeGoods has closed their online store. The company says the online store wasn’t making much money; sales represented less than 1% of their total for the year. But if you’re a fan of HomeGoods’ sister companies TJMaxx, Marshalls, or Sierra — don’t worry. Their online stores are staying open. It’s just HomeGoods that’s going offline. All 900 brick-and-mortar stores will remain open.

Jane.com shut down operations.

Jane.com abruptly shut down on Nov. 17, 2023. It was an online marketplace for women’s fashion, home decor, and children’s clothing. This closure left sellers, mainly from women-owned small businesses, and shoppers in a bind.

This unexpected shutdown left employees jobless and without benefits, communication on social media restricted, shoppers without their orders, and sellers with unpaid dues. However, this online retailer appears to have some life left. The website shows a message from new owners sharing that they intend to reopen Jane.com by May 31, 2024 (although it mentions that the exact date is not set).

Journeys closed 100+ stores.

Footwear, apparel, and accessories retailer Journeys closed over 100 stores in 2023, exceeding their previous closure plans, due to a decline in sales and changing consumer demand. The increased store closures was to help save the company up to $40 million and allow Journeys to adapt.

Lidl shuttered 11 supermarket locations in six states.

The outside of a Lidl store

According to Business Insider, a handful of Lidl locations shuttered in 2023 due to underperformance. The German supermarket — often compared to Aldi — closed two locations in New Jersey (Burlington and Howell), two locations in North Carolina (Cary and Thomasville), two locations in Maryland (Brooklyn Park and Oxon Hill), two locations in South Carolina (Florence and North Augusta), two locations in Virginia (Charlottesville and Richmond), and one location in Pennsylvania (King of Prussia).

Moosejaw closed 11 out of their 14 stores.

a person on a ipad with moose jaw website on

Dick’s Sporting Goods closed 11 out of 14 Moosejaw stores. This decision comes just half a year after Dick’s bought Moosejaw from Walmart. The plan is to focus more on their Public Lands stores, which are part of their outdoor business.

Although they shut down their physical stores, you can still shop outdoor gear on Moosejaw’s website. The three stores in Salt Lake City, Birmingham (Ala.), and Bentonville (Ark.) remain open. This shift is part of Dick’s strategy to streamline their business and make things more efficient, especially in the online shopping world. Despite closing most of the physical stores, Moosejaw continues to play a big role in Dick’s digital outdoor gear sales.

Nordstrom closed 15 stores.

Nordstrom store, mall entrance store front.

Nordstrom and Nordstrom Rack closed 15 stores across the U.S. in 2023. However, store openings continue to occur. Here are some of the planned Nordstrom Rack store openings over the next year:

  • Queen Creek, AZ (Spring, 2024)

  • San Diego, CA (Fall, 2024)

  • Fort Myers, FL (Fall, 2024)

  • Geneva, IL (Spring, 2025)

  • Noblesville, IN (Fall, 2024)

  • Omaha, NE (Fall, 2024)

  • Manalapan Township, NJ (Spring, 2025)

  • Bay Shore, NY (Spring, 2024)

  • Matthews, NC (Spring, 2025)

  • Mooreseville, NC (Fall, 2024)

  • Raliegh, NC (Fall, 2024)

  • Macedonia, OH (Spring, 2024)

  • Mason OH (Fall, 2024)

  • Franklin, TN (Fall, 2024)

  • Houston, TX (Fall, 2024)

  • San Antonio, TX (Fall, 2024)

Related: Nordstrom vs. Nordstrom Rack: 19 Hacks to Shop Designer on a Budget

Party City closed 35 stores.

The exterior of a Party City store

Party City, the popular party supplies retailer, has been hit hard by the pandemic and supply-chain challenges. They filed for Chapter 11 bankruptcy protection in 2023 and shuttered 35 stores, which was about 3.8% of their total 823 locations.

Related: 15 Dollar Tree Party Supply Ideas from New Year’s to Christmas

Tuesday Morning closed all 487 stores.

Tuesday Morning filed for Chapter 11 bankruptcy early in 2023 and closed 265 stores, hoping to emerge more financially stable, but that didn’t pan out. While all stores are closed, the website TuesdayMorning.com is still up and running.

Walmart shuttered 24 stores.

A Walmart storefront during the day with products on display outside.

Walmart closed 24 stores (which included Supercenters, Neighborhood Markets, and Pickup-only stores) across 14 states and Washington, D.C. in 2023.

The affected stores were located in Arkansas (1), Georgia (2), Florida (1), Hawaii (1), Illinois (7), Indiana (1), Minnesota (1), New Mexico (1), Oregon (2), Texas (1), Washington (1), and Washington, D.C. (1). The decision to close four locations in Chicago in April was based on financial losses, while the Portland (OR) stores were not meeting financial expectations and reportedly experienced record theft.

In 2024, reports show that Walmart has closed six locations, including one in Ohio and two in San Diego.

Related: No need to go to the store when Walmart grocery delivery exists. Here’s how to still save.

Zulily shut down operations after 13 years.

This one was a surprise. Zulily, the online retailer known for their daily deals on women’s and kids’ clothing, announced on Dec. 8 that they were shutting down after 13 years. This sudden closure followed layoffs of about 800 staff members and the closure of their Seattle headquarters and other locations. They had a tough time competing with other online retailers — most notably with shipping costs.

Like Jane.com, looks like Zulily will rejoin online retaliers after Beyond, Inc. (formerly known as Overstock.com) bought Zulily'z intellectual property. Although, there's no set return date, watch for Zulily to make it's comeback fairly soon, considering it only took Overstock.com only three months to breathe life back into Bed, Bath & Beyond.

Store Closings in 2023 (No Longer in Buiness)

Christmas Tree Shops closed all 82 stores.

Christmas Tree Shops filed for Chapter 11 bankruptcy on May 5, 2023, but their financial plan didn't work out. All 82 stores were liquidated by the end of the year.

Harmon closed all 50 of their stores.

Another casualty of the Bed Bath & Beyond bankruptcy was their health and beauty subsidiary, Harmon. All of their remaining 50 stores closed at the end of June 2023 as part of the company’s wind-down.

Shoe City closed all 39 of their stores.

Shoe City, a Baltimore-based retailer of footwear, apparel, and accessories, filed for bankruptcy on March 31, 2023, and closed all 39 of its stores, including ycmc.com, as of May 31, 2023.

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