As summer shopping kicks into gear, some of the nation’s most recognizable retail chains are heading in the opposite direction — shutting down hundreds of stores across the country.
It’s a scary time for retailers, as tariffs and impending threats of a worldwide trade war have made it a volatile time for businesses. In fact, prediction market predict 778 corporate bankruptcies by the end of the year. YIKES! Meanwhile, there’s a 31% chance of a U.S. recession, and inflation, or worse—stagflation—looms over the U.S. economy.
From pharmacies and department stores to discount chains, these closures reflect a retail industry in rapid transition. Whether you’re a bargain hunter or a loyal shopper, here are five retailers that are closing stores this June — plus predictions on who could be next.
Rite Aid
Founded in 1962, Rite Aid grew to become the third-largest drugstore chain in the U.S. at its peak. But after years of financial losses and mounting opioid-related lawsuits, the company filed for Chapter 11 bankruptcy for the second time. As a result, it is shuttering hundreds of stores nationwide.
Even worse? Thrifty Ice Cream, which was acquired by Rite Aid in 1996, could melt alongside the drugstore…
CVS
CVS started in 1963 as a health and beauty store and later became a pharmacy powerhouse. The company is closing 271 stores in 2025 as part of a long-term plan to streamline operations and respond to shifts in how consumers access healthcare.
Walgreens
Walgreens has been a staple in American pharmacy retail since 1901. In 2025, it’s planning to close 500 locations as part of a broader goal to shut 1,200 stores over three years. The move is part of a cost-cutting strategy to adapt to changing consumer preferences and improve profitability.
Dollar Tree / Family Dollar
Dollar Tree acquired Family Dollar in 2015 to expand its reach in the discount retail market. But Family Dollar has struggled to compete, prompting Dollar Tree to close over 1,000 locations. The decision follows disappointing earnings and a push to refocus the brand.
Macy’s
A department store icon since the 1800s, Macy’s is undergoing a major transformation. As part of its “Bold New Chapter” strategy, the company is closing 66 stores this year — and 150 by the end of 2026 — to focus on its most profitable locations and grow its online presence.
What’s Causing All These Closures?
A mix of factors is driving this wave of store closures: the rise of online shopping, rising labor and supply chain costs, changing consumer habits, and strategic shifts by retailers seeking to cut losses. Analysts predict up to 45,000 brick-and-mortar closures in the U.S. by 2030.
What Stores Could Be Next?
While nothing is confirmed, retail analysts have pointed to several vulnerable chains that may be at risk of downsizing. Regional department stores, struggling apparel brands, and mall-based retailers such as JCPenney, The Children’s Place, and Express have all shown signs of financial strain in recent earnings reports. Market watchers are also keeping an eye on Bed Bath & Beyond’s attempted relaunch and the future of GameStop amid continued restructuring.
