So far this year, closures continue to climb. Retailers have already announced 1,925 store closures so far in 2025 — and that ...
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.
The California-based retailer said the pandemic kicked off years of falling revenue and rising costs. It will close at least one store but stay in business.