The retail sector is dealing with a devastating prediction for retailer closings within the second half of 2025, primarily based on latest analysis research.
Retailer closings in 2025 have totaled 5,822 as of June 27, considerably surpassing final yr’s mid-year complete of three,496, Coresight Analysis reported, based on CoStar.
The examine additionally recognized 3,960 retailer openings throughout the identical interval in 2025.
Associated: Iconic bankrupt retail chain closes its remaining shops
In January, Coresight predicted 15,000 retailer closings for 2025, in addition to 5,800 new openings, for a internet of about 9,200 closings.
Primarily based on these predictions, retailers will shut considerably extra shops than the 7,325 closed in 2024.
Whole retailer closings within the first six months:
- June 2025: 5,822.
- June 2024: 3,496.
Main drugstore chains have been busy contributing to the entire closing quantity in 2025, with Ceremony Assist, CVS, and Walgreens closing a whole lot of shops.
Large drugstore chain Ceremony Assist filed for Chapter 11 chapter for the primary time on Oct. 15, 2023, and closed about 800 of its 2,100 shops in a reorganization.
The pharmacy chain’s surviving entity, New Ceremony Assist LLC, filed for Chapter 11 safety on behalf of the retailer a second time on Might 5, 2025, and started closing all of its shops, estimated to be about 1,240 areas on the time.
Picture supply: Elconin/Bloomberg through Getty Pictures
Ceremony Assist information discover to shut 11 extra shops
Ceremony Assist continues closing extra shops than its unique estimate, because it filed its sixteenth discover of extra retailer closing areas within the U.S. Chapter Courtroom for the District of New Jersey on Aug. 8, looking for approval to shut 11 extra shops and liquidate their property.
The shops add to beforehand designated areas for closing in its second chapter, for a complete of 1,261 shops.
Associated: Widespread jewellery retail chain closing shops, information for chapter
Objections to the extra retailer closing discover are due by Aug. 18.
The debtor has not indicated if any extra shops stay to be closed. The retailer filed its ultimate location closing order on July 10.
Extra Chapter:
- Main iconic meals model information for Chapter 11 chapter
- Widespread Dairy Queen rival franchisee information Chapter 11 chapter
- Widespread imaginative and prescient care chain information for Chapter 11 chapter
Ceremony Assist’s sixteenth extra closing discover contains 11 retailer closures in two states, Oregon (4) and Washington (7).
Ceremony Assist’s retailer closings in sixteenth extra closing discover:
- Beaverton, Ore.
- Eugene, Ore.
- Springfield, Ore.
- Tigard, Ore.
- Bothell, Wash.
- Centralia, Wash.
- Monroe, Wash.
- Spanaway, Wash.
- Tacoma, Wash. (2)
- Yakima, Wash.
Ceremony Assist already filed 16 notices of retailer closing areas with the unique discover and an extra closing discover on Might 9, adopted by extra closing notices on Might 15, Might 23, Might 30, two on June 6, June 13, June 20, June 27, July 3, July 11, July 18, July 21, July 25 and Aug. 1.
Ceremony Assist’s 261 retailer closures by state:
- California (348)
- Connecticut (15)
- Delaware (29)
- Idaho (7)
- Maryland (23)
- Massachusetts (4)
- New Hampshire (47)
- New Jersey (61)
- New York (178)
- Ohio (4)
- Oregon (40)
- Pennsylvania (354)
- Vermont (5)
- Virginia (26)
- Washington (120)
CVS, Walgreens shut a whole lot of shops
Large drugstore chain CVS in 2021 began a downsizing marketing campaign to shut 900 of its almost 9,900 shops to scale back prices and losses, chopping 300 areas annually in 2022, 2023, and 2024.
The corporate expanded its downsizing marketing campaign in 2025, revealing in its annual report in February that it could shut 271 extra shops this yr.
CVS rival Walgreens evaluated 2,000 of about 8,600 shops for potential closure and recognized 1,200 areas to shutter over the subsequent three years, with 500 set to shut in fiscal yr 2025.
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