LONG ISLAND \u2014 Several national retail chains doing business in New York disappeared entirely in 2025 amid surging costs, persistent inflation that curbed consumer demand, and intense e-commerce competition.<\/p>\n
Below is a look back at how the retail landscape changed in New York in 2025.<\/p>\n
Among businesses that closed entirely in 2025 were Party City, the No. 1 U.S. party goods supplier; Jo-Ann, a leading supplier of fabric, sewing goods, and arts and crafts supplies; and fast-fashion retailer Forever 21, which closed its mall stores and adopted an e-commerce model.<\/p>\n
Find out what’s happening in Riverheadfor free with the latest updates from Patch.<\/p>\n
On Long Island, Jo-Ann closed its West Babylon location.<\/a> Meanwhile, Forever 21 closed locations<\/a> in Riverhead, Lake Grove, Valley Stream, Bay Shore, Deer Park, and Garden City. And Party City closed 14<\/a> Long Island locations.<\/p>\n Rite Aid also closed the last of its drugstores in 2025, including 18 locations<\/a> on Long Island. The chain began closing hundreds of stores in late 2023 and throughout 2024 as part of its bankruptcy filing, then filed a second bankruptcy in May 2025 and shuttered the remaining stores in September and October.<\/p>\n Find out what’s happening in Riverheadfor free with the latest updates from Patch.<\/p>\n Other businesses downsized, closed underperforming locations, or filed for bankruptcy to manage debt and adapt to changes in consumer spending, including these stores in New York:<\/p>\n Advance Auto Parts<\/a> said in a fourth-quarter 2024 earnings report<\/a> that it would continue its plan to shutter 523 corporate stores, exit 204 independent locations, and close four distribution centers.<\/p>\n At Home<\/a>, a home-decor and furniture store, said in a June bankruptcy filing<\/a> that it would close 26 stores.<\/p>\n Best Buy<\/a> planned to continue its plan of gradually decreasing its national footprint with plans to shutter 10 t0 15 in 2025, Money Digest<\/a> reported.<\/p>\n Big Lots<\/a>\u2019 bankruptcy led to hundreds of store closures. Leases were sold for about 400 to 600 stores, but 200 remained open after they were acquired by Variety Wholesalers, USA Today reported<\/a>.<\/p>\n Carter\u2019s<\/a>, one of the biggest baby and children\u2019s apparel retailers in North America, said in October it would shutter 150 \u201clow margin\u201d stores over the next three years.<\/p>\n Claire\u2019s<\/a> planned to close 291 stores nationwide in 2025 as part of its bankruptcy process, Newsweek reported<\/a>.<\/p>\n Denny\u2019s<\/a> continued to downsize in 2025 with plans to close 100 restaurants after having closed 50 in 2024, Food Chain Magazine reported<\/a>.<\/p>\n Dick\u2019s Sporting Goods<\/a> planned to close 35 locations in 2025, Patch previously reported<\/a>.<\/p>\n Dollar General<\/a> said in a fourth-quarter 2024 earnings report<\/a> that it planned to shutter 96 Dollar General and 45 Popshelf stores during the first quarter of 2025. The plan also included converting another six Popshelf stores into Dollar General stores.<\/p>\n Dollar Tree<\/a>, which acquired competitor Family Dollar in 2015, continued divesting itself from the struggling brand in 2025 and planned to close another 370 stores, Business Insider reported<\/a>. In 2024, Dollar Tree shuttered 600 Family Dollar stores<\/p>\n Foot Locker<\/a> planned to close more than 400 stores before the beginning of 2026. Plans also included rebranding 280 stores to \u201cfocus on its community power store and play concepts,\u201d ABC News reported<\/a>.<\/p>\n GameStop<\/a>, which closed 590 U.S. location in 2024 planned to close a \u201csignificant number\u201d of additional stores by the end of 2025 Business Insider reported<\/a>.<\/p>\n JCPenney<\/a> closed eight stores in May as part of its Chapter 11 bankruptcy plan, USA Today reported<\/a>. The department store company entered into a $947 million cash detail with the private equity firm Onyx Partners Ltd. to transfer ownership of 119 remaining locations, but the collapsed in December and the fate of the stores remains unclear, The Street reported<\/a>.<\/p>\n Kirkland\u2019s<\/a>, a home decor chain purchase by Bed Bath & Beyond, planned to shutter underperforming locations while also converting some to brands that could increase profit, USA Today reported<\/a>.<\/p>\n Kohl\u2019s<\/a> planned to close 27 \u201cunderperforming stores\u201d and a fulfillment center before April, ChainStoreAge reported<\/a>.<\/p>\n Lumber Liquidators\/LL Flooring<\/a> planned to close 100 stores as part of the company\u2019s Chapter 11 bankruptcy filing. LL Flooring, which was previously known as Lumber Liquidators, had been expected to close entirely, but was purchased by a private equity firm in 2024, Retail Dive reported<\/a>.<\/p>\n Macy\u2019s<\/a> closed at least 66 stores in 2025 as part of an overall plan to shutter 150 stores through the end of 2026 to focus on its best-performing stores and improve the digital experience for customers, according to a news release<\/a>.<\/p>\n Noodles & Company<\/a> planned to close another 17 locations in 2025 after have shuttered about 20 in 2024, The Street reported<\/a>.<\/p>\n On The Border<\/a> closed nearly a third of its 120 restaurants in February and later filed for Chapter 11 bankruptcy, Fast Company reported<\/a>.<\/p>\n PNC Bank<\/a>, the nation\u2019s continued downsizing after closing about 10 percent of its branches, closed a half dozen locations in 2025, The Street reported<\/a>. <\/p>\n 7-Eleven<\/a> planned to close 148 stores in 2025, adding to the 444 stores shuttered in 2024 as part of a strategy to focus on healthier food options<\/a> and reduce costs amid declining cigarette sales and lower traffic, Fast Company reported<\/a>.<\/p>\n Smokey Bones Bar & Fire Grill<\/a> said in a March news release<\/a> it would close at least nine underperforming locations and transition half of its remaining locations to the Twin Peaks brand.<\/p>\n Starbucks<\/a> said in September that it planned to close hundreds of stores and revamp others under a project that will potentially cost $1 billion, Newsweek reported<\/a>.<\/p>\n TGI Fridays<\/a> planned to close 36 locations and sell off nine of its restaurants, Eat This, Not That!<\/a> reported.<\/p>\n Torrid<\/a> told investors in March that it would begin a store optimization plan that would include the closure of 50 stores and makeovers at other locations, Retail Dive reported<\/a>.<\/p>\n United Parcel Service<\/a>, better known as UPS, planned to close around 73 leased or owned buildings and cut nearly 20,000 jobs as part of the process, USA Today reported<\/a>.<\/p>\n Walgreens<\/a> planned to close 2,150 locations through 2027, accounting for nearly a quarter of its 8,600 stores, Good Housekeeping reported<\/a>.<\/p>\n