The past year saw a wave of bankruptcies, with a number of major national brands permanently closing their doors amid uncertain economic growth and ongoing challenges among brick-and-mortar businesses.\u00a0<\/p>\n
More than 8,100 stores closed across the U.S. in 2025, up roughly 12% from 2024, according to retail industry analytics firm Coresight Research. Here are some of the larger retailers that closed their stores this year.<\/p>\n
Bargain Hunt<\/p>\n
Bargain Hunt, a Nashville-based discount retailer, said in February that it would\u00a0shutter<\/a>\u00a0all of its 92 stores in 10 states after declaring bankruptcy.\u00a0<\/p>\n Forever21<\/p>\n Fast-fashion retailer Forever 21 wound down its U.S. operations in the face of stiff competition from overseas retailers such as Shein and Temu.<\/p>\n Forever 21\u00a0blamed<\/a>\u00a0“competition from foreign fast-fashion companies, which have been able to take advantage of the de minimis exemption to undercut our brand on pricing and margin.”<\/p>\n Joann Fabrics<\/p>\n Hudson, Ohio-based Joann Fabrics in February shuttered all of its stores<\/a> across the U.S. after more than 80 years in the business of selling fabrics and craft supplies. It had declared bankruptcy for a second time in January after experiencing flagging sales.\u00a0<\/p>\n The retail chain failed to find a buyer that would keep its stores open, forcing it to close its stores amid “significant and lasting challenges in the retail environment,” Joann said<\/a> in a statement at the time.\u00a0<\/p>\n Liberated Brands<\/p>\n Liberated Brands said in February that it would close<\/a> all of its 122 stores. The Costa Mesa, Calif.-based retailer focused on sports and outdoor apparel, with its brands including Beachworks, Becker Surfboards, Billabong, Boardriders, Honolua Surf, Quiksilver, ROXY, RVCA, Spyder and Volcom.<\/p>\n Party City<\/p>\n Party City closed hundreds of company-owned and franchise store outlets this year after declaring bankruptcy in late 2024<\/a>. A handful of independent franchise stores remain open in the U.S. The party supplies seller also continues to operate as an online retailer after its brand was purchased<\/a> in early 2025 by retailer Ad Populum. \u00a0<\/p>\n Rite Aid\u00a0<\/p>\n After filing for bankruptcy twice in two years, national pharmacy chain Rite Aid in October announced the closure of all of its locations<\/a>.<\/p>\n Rite Aid, founded in 1962, faced sluggish sales and high costs linked to\u00a0opioid-related lawsuits<\/a>. The Justice Department filed a complaint against the company in 2023, accusing it of violating the False Claims Act and the Controlled Substances Act by filling unlawful prescriptions for oxycodone and fentanyl, CBS News reported.<\/p>\n What’s left of its website now directs former customers to request old pharmacy records and helps them find a new provider.\u00a0<\/p>\n Sonder<\/p>\n Former Airbnb rival Sonder, a short-term rental company, abruptly ceased operating in November<\/a>, leaving guests stranded and, in some cases, locked out of their accommodations.\u00a0<\/p>\n