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Bankruptcy

National chains shutter locations across the U.S.

May 1, 2025Updated June 5, 2025, 7:12 p.m. ET
Liquidation sales have begun at Forever 21, with signage indicating that all merchandise is marked down by 20% to 50%. The retailer filed for bankruptcy in March 2025, marking its second bankruptcy in six years.
Liquidation sales have begun at Forever 21, with signage indicating that all merchandise is marked down by 20% to 50%. The retailer filed for bankruptcy in March 2025, marking its second bankruptcy in six years.
HANNAH WORKMAN/THE STOCKTON RECORD
A "store closing" sign is shown displayed at a Sears location in California. The retailer is closing all stores after a long decline following a filing for Chapter 11 bankruptcy on October 15, 2018.
A "store closing" sign is shown displayed at a Sears location in California. The retailer is closing all stores after a long decline following a filing for Chapter 11 bankruptcy on October 15, 2018.
ANGELAYDET ROCHA/ THE STOCKTON RECORD
Joann Fabric and Crafts will be closing all of its 800-plus stores after declaring bankruptcy a second time, after an initial bankruptcy filing in March 2024, where the company emerged as a private company before filing again in January 2025.
Joann Fabric and Crafts will be closing all of its 800-plus stores after declaring bankruptcy a second time, after an initial bankruptcy filing in March 2024, where the company emerged as a private company before filing again in January 2025.
ANGELAYDET ROCHA/ THE STOCKTON RECORD
Big Lots had filed for Chapter 11 bankruptcy in September 2024, citing declining sales and mounting debt. The retailer announced that some locations will remain open after it was acquired by a new owner in 2025.
Big Lots had filed for Chapter 11 bankruptcy in September 2024, citing declining sales and mounting debt. The retailer announced that some locations will remain open after it was acquired by a new owner in 2025.
CLIFFORD OTO/THE STOCKTON RECORD
Macy's has said it plans to close about 150 stores by the end of 2026, leaving the once-iconic retailer with just 350 locations across the U.S. as it restructures to avoid bankruptcy.
Macy's has said it plans to close about 150 stores by the end of 2026, leaving the once-iconic retailer with just 350 locations across the U.S. as it restructures to avoid bankruptcy.
Greg Derr/The Patriot Ledger
A 99 Cents Only store is seen in Los Angeles, California. The discount chain, with some 14,000 employees, announced on April 4, 2024 that it will close all 371 of its stores in California, Arizona, Nevada and Texas after more than four decades of business.
A 99 Cents Only store is seen in Los Angeles, California. The discount chain, with some 14,000 employees, announced on April 4, 2024 that it will close all 371 of its stores in California, Arizona, Nevada and Texas after more than four decades of business.
Robyn Beck, AFP Via Getty Images
Walgreens is adjusting its strategy as it plans to close 1,200 stores over the next three years. About 500 locations are expected to be shuttered by the end of the company's fiscal year 2025, which ends this coming August.
Walgreens is adjusting its strategy as it plans to close 1,200 stores over the next three years. About 500 locations are expected to be shuttered by the end of the company's fiscal year 2025, which ends this coming August.
Justin Sullivan, Getty Images
Dollar General announced that it is planning to close 96 Dollar General stores and 45 Popshelf stores during the first quarter of 2025 as part of a "store portfolio optimization review."
Dollar General announced that it is planning to close 96 Dollar General stores and 45 Popshelf stores during the first quarter of 2025 as part of a "store portfolio optimization review."
Shawn Hardy/Echo Pilot
Earlier this year, the retail chain announced that it would be closing 27 locations, scattered across 15 states, as it plans for a continued decrease in sales going forward.
Earlier this year, the retail chain announced that it would be closing 27 locations, scattered across 15 states, as it plans for a continued decrease in sales going forward.
Marc Vasconcellos/The Enterprise
Lumber Liquidators had filed for Chapter 11 bankruptcy on August 11, 2024. Its decision to go forward with liquidation will result in the closure of over 400 locations across the country.
Lumber Liquidators had filed for Chapter 11 bankruptcy on August 11, 2024. Its decision to go forward with liquidation will result in the closure of over 400 locations across the country.
Mike Blake, REUTERS
GameStop continues to struggle as it plans to close a "significant number" of stores in 2025 following the closure of over 600 locations in 2024.
GameStop continues to struggle as it plans to close a "significant number" of stores in 2025 following the closure of over 600 locations in 2024.
Brendan McDermid, REUTERS
Advance Auto Parts announced in March 2025 that the company would be closing more than 700 locations as part of a restructuring plan throughout the rest of the year.
Advance Auto Parts announced in March 2025 that the company would be closing more than 700 locations as part of a restructuring plan throughout the rest of the year.
C. A. Bridges, C. A. Bridges / USA TODAY NETWORK Via Imagn Images
Rite Aid announced on May 5, 2025, that it had begun Chapter 11 bankruptcy proceedings. The company, which currently operates 1,240 stores across 15 states, has begun a process of selling and closing its locations.
Rite Aid announced on May 5, 2025, that it had begun Chapter 11 bankruptcy proceedings. The company, which currently operates 1,240 stores across 15 states, has begun a process of selling and closing its locations.
Mike Blake, REUTERS
The number of Subway locations in the United States dipped below 20,000 last year, with the chain having closed 631 restaurants in 2024 alone, according to franchise disclosure documents analyzed by USA TODAY.
The number of Subway locations in the United States dipped below 20,000 last year, with the chain having closed 631 restaurants in 2024 alone, according to franchise disclosure documents analyzed by USA TODAY.
Joe Raedle/Getty Images
Hooters sports bar and grill chain closed more than 30 company locations across multiple states on Wednesday, June 4.
Hooters sports bar and grill chain closed more than 30 company locations across multiple states on Wednesday, June 4.
Will Dickey, Florida Times-Union
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