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Just a week into 2025, retailers are already looking to cut costs with a slate of store closures in the works.
While some stores like Boot Barn and Academy Sports are adding to their store fleet in 2025, other businesses like Macy's and Kohl's are aiming to trim their retail footprint in the new year.
Here is a roundup of retailers that have closed locations so far this year.
Kohl's
On Jan. 9, Kohl's announced the closure of 27 underperforming stores by April as well as the closure of its San Bernardino e-commerce fulfillment center in May.
California will be the hardest hit by these store closures, with 10 locations anticipated to close down. Additionally, stores in Alabama, Colorado, Georgia, Idaho, Illinois, Massachusetts, New Jersey, Ohio, Oregon, Pennsylvania, Texas, Utah, and Virginia are also slated for closure.
“We always take these decisions very seriously,” said Tom Kingsbury, Kohl's chief executive officer, said in a statement. “As we continue to build on our long-term growth strategy, it is important that we also take difficult but necessary actions to support the health and future of our business for our customers and our teams.”
As for the San Bernardino, Calif. facility, it has been in operation for Kohl's since 2010 and is one of 15 distribution centers in the retailer’s supply chain network across the country.
Macy's
On Jan 9., Macy's confirmed the list of 66 stores it will close as part of its “Bold New Chapter” strategy. According to the company, this plan is designed to return the company to sustainable, profitable sales growth which includes closing approximately 150 underproductive stores over a three-year period while investing in its 350 go-forward Macy's locations through fiscal 2026.
The closures encompass 9 locations in California, 7 in Florida, 8 in New York, and 6 in Texas. Additionally, stores in various other states affected by these closures include Arizona, Colorado, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Jersey, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, and Washington.
“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy's stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service,” said Tony Spring, chairman and chief executive officer of Macy's, Inc.
Flourish
New Jersey retailer Flourish was officially closed at the top of the year.
The store, owned by The Whitaker Group, the parent company of A Ma Maniére, has been a prominent fixture in Jersey City's sneaker and streetwear community since it opened its doors a decade ago at 558 Newark Ave.
Details about the space remain under wraps for the time being, but James Whitner, the founder of The Whitaker Group, assures that the neighborhood can expect an exciting new development later this year.
Stadium Goods
After nearly 10 years, Stadium Goods announced on Jan. 7 that it was closing its New York City storefront. Michael Daniel, senior vice president and general manager of Stadium Goods, confirmed with FN that the retail location at 47 Howard St. will close on Jan. 19.
The Howard Street location of the sneaker consignment company has established itself as a go-to spot for sought-after and rare sneakers, nestled in the vibrant SoHo area of New York City. Since its grand opening on October 16, 2015, Stadium Goods undertook a renovation of the store in February 2022, seven years later. The enhancements featured a new entrance at 305 Canal St. and an increased retail space of 2,860 square feet to accommodate more shoppers.
