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.
The state of California will be the most effected by these closures, with 10 stores expected to be shutter. Locations in Alabama, Colorado, Georgia, Idaho, Illinois, Massachusetts, New Jersey, Ohio, Oregon, Pennsylvania, Texas, Utah and Virginia are also on the list.
“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.
Among the closures include 9 locations in California, 7 in Florida, 8 in New York and 6 in Texas. Stores in other states effected by the 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.
Prosper
New Jersey retailer Prosper was officially closed at the top of the year.
The store, which is owned by A Ma Maniére parent company The Whitaker Group, opened 10 years ago at 558 Newark Ave. and served as a mainstay in Jersey City’s sneaker and streetwear scene.
Plans for the space are undisclosed as of now, but The Whitaker Group founder James Whitner promises something new for the neighborhood 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 sneaker consignment company’s Howard Street store — which quickly became a haven for coveted and hard-to-find sneakers — is positioned in the heart of NYC’s SoHo neighborhood. The store opened for business on Oct. 16., 2015, and seven years later, Stadium Goods renovated the location in February 2022. The updates included the addition of an entrance at 305 Canal St. and an expansion to 2,860 square feet of space for people to shop.
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