- Retailers have confirmed more than 1000 store closures in 2021 so far.
Disney ,Best Buy , andMacy's are a few of the stores planning to close locations this year.- More than 8,000 US stores closed last year, and experts predict 10,000 possible closures in 2021.
Retailers have announced plans to close more than 1000 stores this year, and experts say the total could reach 10,000 stores or more.
Mass closures, referred to as the
Here's a list of stores expected to close this year.
Disney: 60 stores
Disney plans to close 60 stores across North America by the end of 2021 to focus on e-commerce, the company announced.
The closures will affect 20% of Disney's 300 global
Best Buy: 5
Best Buy is closing five stores across the US in early 2021, the retailer confirmed to four local
The retailer plans to close two Richmond, Virginia area stores, along with one store each in Syracuse, New York, Carbondale, Illinois, and Brockton, Massachusetts.
Francesca's: 140
Francesca's filed for Chapter 11 Bankruptcy in December and closed 140 of 700 total stores in January.
Macy's: 45
Macy's told employees at 45 locations that their stores would close in 2021, CNBC first reported.
The closures are part of the plan the retailer announced back in February 2020 to close 125 stores by 2023, about one-fifth of total locations. At the time, Macy's also announced that it would cut 2,000 corporate jobs.
Bed Bath and Beyond: 43
Home goods retailer Bed Bath & Beyond closed 43 stores in February, after 63 closures in 2020.
Paper Source: 11
Greeting card store Paper Source filed for Chapter 11 Bankruptcy and announced plans to close 11 of its 158 stores.
Goodwill: 8
Goodwill announced plans to close eight Bay Area stores this year.
The Children's Place: 122
Children's retail apparel chain The Children's Place plans to close 122 stores in 2021 to complete the 300 closure goal it previously announced, according to fourth-quarter earnings.
Justice: 200
Owner Ascena Retail Group, which also owns Ann Taylor and Loft, announced plans to close the remaining 200 Justice stores.
H&M: 350
Fast fashion retailer H&M plans to close 350 stores in 2021 and open 100, for a net loss of 250 stores. The company cited a rise in e-commerce.
Fossil: 65
Accessories retailer Fossil is closing at least 65 stores after decreased sales in 2020, BisNow reported.
DSW: 65
DSW has plans to close 65 stores over the next four years, making up 10% of total locations after a 36% drop in sales in 2020, Biz Journals reported.