US Store Openings and Closures Midyear 2025 Review and Outlook: Where Does Retail Real Estate Stand in a Year of Disruption?

Published – July 2025

Understand how store closures and openings are reshaping the US retail landscape in a turbulent 2025.

Read this report to discover answers to these and other questions:

• What is the projected full-year outlook for US retail store closures and openings based on midyear trends? Is US retail on course for 15,000 store closures?
• How are store sizes, sector dynamics and location types influencing midyear closure and opening activity?
• Which retail sectors and retailers are driving the highest number of closures and openings—and why?
• How are bankruptcies impacting the retail real estate market, and which companies are leading the closure charts?

Data in this report include: Updated estimates for 2025 store closures and openings; store closure and opening counts by sector and retailer; square footage analysis of closures and openings; confirmed vs. planned store activity; and breakdowns by location type.

Introduction

US Store Openings and Closures Midyear 2025 Review: Coresight Research Analysis

1. YTD in Numbers—and What It Implies for the Year Overall
2. YTD By Sector: Joann and Party City Push the “Other” Sector to Lead Closures
3. YTD By Retailer: Bankruptcies Drive Up Closures

What We Think

• The Coresight Research View on the US Consumer Outlook
• The Coresight Research View on Retail Sector Impacts
• Implications from This Report

Notes and Methodology

• Revisions
• Store Tracker Methodology Details

12-page PDF report

Ace Hardware, Aldi, Big Lots, Burlington Stores, CVS Health, Dollar General, Dollar Tree, Five Below, Forever 21, Joann, Macy’s, Ollie’s, Party City, Rite Aid, Sprouts Farmers Market, The TJX Companies, Ulta Beauty, Walgreens and more.

• US Store Closure and Opening Counts, as of Midyear in Each Year
• Midyear US Store Closure and Opening Counts as a Percentage of Full Year
• US Store Closures and Openings Data Analysis
• US Store Closures by Sector, YTD 2025 vs. the Same Period in 2024
• US Store Openings by Sector, YTD 2025 vs. the Same Period in 2024
• 2025 Major Announced US Store Closures, Ranked by Total Store Closures (Top Retailers)
• 2025 Major US Store Openings, Ranked by Total Store Openings (Top Retailers)