List of Stores Closing This Fall
Summary
Several major retail chains plan to close many stores this fall as part of ongoing strategies to focus on profitable locations and online sales. The closures include Macy's, Walgreens, Starbucks, and Kroger, which are reducing the number of underperforming stores while investing in stronger areas.Key Facts
- Macy’s will close about 150 stores by the end of 2026 to focus on higher-performing stores and luxury brands.
- Walgreens plans to close up to 1,200 underperforming pharmacy locations over several years, continuing some closures this fall.
- Starbucks will shut down roughly 250 coffee shops in North America as part of its plan to improve financial results.
- Kroger is closing 60 stores by the end of 2026 after reviewing its store portfolio.
- These closures reflect changes in shopping habits, higher costs, and competition from online stores.
- Retailers are focusing on online sales and loyalty programs instead of growing the number of physical stores.
- Store closures this year are fewer than in recent retail downturns but still number in the thousands.
- Many employees affected by store closures are being offered jobs at other locations within the same companies.
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