Many consumers have reined in their spending, and even top retailers have had to close underperforming stores.

In 2025, numerous U.S. clothing and department stores announced closures, highlighted by Macy's decision to shut 66 outlets.

Outdoor gear retailer REI is pulling up its tent in three locations. The Seattle-based co-operative, with more than 25 million members and over 190 stores, announced that it would close stores in ...

Shopping malls are beginning to shrink, with some of the biggest staples closing stores across the United States. In 2025 alone, behemoths including Macy's and JCPenney have closed stores. And while ...