Retailers are expected to close more than 3,300 stores this year, following record-high rates of closings last year.
More than 9,300 store closings were announced in the US in 2019, smashing the previous record of roughly 8,000 store closures in 2017, according to an analysis by Business Insider.
The number of store closings this year could be even higher than previous records, according to estimates from the real estate firm Cushman & Wakefield. The firm estimated last year —prior to the coronavirus pandemic — that as many as 12,000 major chain stores could close in 2020.
The pandemic is now putting even more stores in danger of closing, as retailers grapple with dramatic drops in sales in traffic.
Retail companies have so far confirmed at least 3,300 stores slated for closure in 2020, according to a Business Insider analysis.
Here’s a list of the stores expected to close this year.
Pier 1 Imports: 450 stores
The closings could affect thousands of workers. Pier 1 had about 950 stores and roughly 4,000 employees at the time of the announcement.
The company also said it planned to cut its corporate head count and shut down some distribution centers.
GameStop: 320 stores
GameStop said in March that it closed 333 stores in fiscal 2019 and opened 12 new stores.
In 2020, the company said it expects store closures “to be equal to or more than the 320 net closures we saw in fiscal 2019 on a global basis. ”
Papyrus: 254 stores
The stationary chain Papyrus filed for bankruptcy in January and said it plans to close its 254 stores in the US and Canada.
Victoria’s Secret: 238 stores
Victoria’s Secret’s parent company, L Brands, said in May that it plans to close 251 stores in the US and Canada in 2020. Most of the closures — 238 total —will be in the US.
Gap: 230 stores
Gap is closing hundreds of Gap-branded stores as it opens stores under other brands including Old Navy and Athleta. The company said in February 2019 that it planned to close about 230 Gap stores over the next two years.
More recently, Gap said about 130 locations will close in fiscal 2019 and a majority of those closings will happen in the fourth quarter, which extends into January 2020.
The remaining closings are expected to happen in the coming year.
Walgreens: 200 stores
Walgreens announced in August that it planned to close 200 US locations under a multiyear cost-cutting program. The company has not revealed any further details about the timing or location of the closings.
The new round of closings is in addition to a previously announced cut of 750 US stores, which Walgreens has said it expects to complete by the end of this year.
Chico’s: 200 stores
The women’s clothing retailer Chico’s said last year that it planned to close about 250 stores, including 100 Chico’s stores, 90 White House Black Market stores, and 60 Soma stores over three years. The company had closed 49 stores as of November 2, leaving about 200 more expected closures over the next two years.
Destination Maternity: 183 stores
Destination Maternity filed for bankruptcy protection in October and said it planned to shutter 183 stores in the US, Canada, and Puerto Rico. The company owns stores under its namesake brand, as well as under the Motherhood Maternity brand.
Modell’s: 153 stores
The sports retailer Modell’s filed for Chapter 11 bankruptcy protection in March and said it plans to close all of its 153 stores.
A.C. Moore: 145 stores
The craft-store chain A.C. Moore is shutting down all 145 of its stores in 2020. A.C. Moore’s parent company, Nicole Crafts, announced the closings in November and said about 40 locations would be converted into Michaels stores.
Art Van Furniture: 125 stores
Art Van Furniture filed for Chapter 11 bankruptcy in March and said that it planned to close all of its company-owned stores in Michigan, Indiana, Illinois, Ohio and Missouri, along with eight Wolf Furniture stores in Maryland and Virginia.
In its bankruptcy filing, the company said it operates 169 stores and plans a going-concern sale for 44 of those locations. The remaining stores will be closed.
Bose: 119 stores
The audio equipment retailer Bose said in January that it planned to close 119 stores globally, including all its stores in the US.
Olympia Sports: 76 stores
Olympia Sports said in October that it planned to close 76 stores after it was purchased by the sports retailer JackRabbit. The stores will close in 2020.
Earth Fare: 50 stores
The grocery chain Earth Fare said in February that it would close all its stores.
“Earth Fare has been proud to serve the natural and organic grocery market, and the decision to begin the process of closing our stores was not entered into lightly,” the company said in a statement. “We’d like to thank our team members for their commitment and dedication to serving our customers, and our vendors and suppliers for their partnership.”
The company said it made the decision to start liquidating its stores due to “continued challenges in the retail industry that impeded the company’s progress as well as its ability to refinance its debt.”
Bath & Body Works: 50 stores
Bath & Body Works parent company L Brands said in May that it plans to close 50 stores in the US in 2020.
Kmart: 45 stores
Kmart parent company Transform Holdco plans to close 45 Kmart stores by February.
Bed, Bath & Beyond: 44 stores
The company said in January that it planned to close 40 stores in its current fiscal year, which ends in April, and another 20 stores in fiscal 2020. By January, the company had executed about 16 of those planned closings.
Bed, Bath & Beyond operates a number of stores including World Market, buybuy BABY, Christmas Tree Shops, and One Kings Lane.
See the list of closing stores here.
Lucky’s Market: 32 stores
Lucky’s plans to close 32 stores by February 12 and lay off about 2,500 employees, according to the Sun Sentinel’s report. Lucky’s Market did not respond to requests for comment.
Express: 31 stores
Express said in January that it plans to close 100 stores, representing about one quarter of its total locations, by 2022.
That number includes nine stores that closed last year and 21 that will close by the end of January.
Another 35 stores will close by the end of January 2021, the company said.