US Store Tracker Extra: Store Openings and Closures 2025 Review and 2026 Outlook

The Store Tracker Extra monthly series offers additional insight into retailers’ store closure and opening announcements.

In this report, we provide our yearly review of store closures and openings in the US. We review calendar 2025, breaking the counts down by sector, as well as presenting our projections for 2026. We also provide estimated square-footage impacts, location types (on-mall versus off-mall) and openings/closures as a proportion of retailers’ store bases.

Data in this report are:

• US store closure and openings count 2019-2026E
• Major announced US store closures and openings, 2026
• US store closures and openings by sector, 2025
• Breakdown of US store closures in the drugstores chain by retailer, 2025
• Breakdown of US store openings in the discount-store sector by retailer, 2025
• Details of announced US store closures and openings for 2025, by retailer—total closures, closures as a proportion of store base, total size (square footage) of estimated closures, predominant location type

Introduction

US Store Openings and Closures 2025 Review and 2026 Outlook: Coresight Research Analysis

• Overview: 2025 and 2026 in Perspective
• 2025 Review

What We Think

• The Coresight Research View on the US Consumer Economy, as of January 2026
• Implications from This Report

Appendix: 2025 Data in Full

Notes and Methodology

• Projections
• Revisions
• Definitions and Methodology Details

Abercrombie & Fitch Co., Albertsons Companies, Alimentation Couche-Tard Inc., Amazon.com, Inc., American Eagle Outfitters, Inc., Aritzia, Bath & Body Works, Inc., Best Buy Co., Inc., BJ’s Wholesale Club Holdings, Inc., Burlington Stores, Casey’s, Costco Wholesale, Crocs, CVS Health, Dick’s Sporting Goods, Inc., Dollar General, Dollar Tree, Five Below, Floor & Decor, H & M Hennes & Mauritz AB, Kohl’s, Koninklijke Ahold Delhaize N.V., Lowe’s Companies, Lululemon Athletica Inc, Macy’s, Inc., Ross Stores, Sprouts Farmers Market, Inc, Tapestry, Inc, Target, The Home Depot, The Kroger Co., The TJX Companies, Inc., Tractor Supply Company, Ulta Beauty, Urban Outfitters, Walmart, Williams-Sonoma.

• US Store Closure and Opening Counts
• US Store Closure and Opening Counts by Sector: 2025 vs. 2026 ML Estimates (Ranked by 2026 Estimated Closures)
• Major Announced US Store Closures for 2026
• Major Announced US Store Openings for 2026
• US Store Closures and Openings: Overview
• US Store Closures by Sector, 2025
• Breakdown of US Drugstores Closures by Retailer, 2025 (% of Total Closures in the Sector)
• US Store Openings by Sector, 2025
• Breakdown of US Discount Store Openings by Retailer, 2025 (% of Total Openings in the Discount Sector)
• Details of Announced US Store Closures for 2025, by Retailer (Listed by Most to Least Closures)
• Details of Announced US Store Openings for 2025, by Retailer (Listed by Most to Least Openings)