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Nearly 1,300 stores are closing across the US in 2024. Here's the list.

Nearly 1,300 stores are closing across the US in 2024. Here's the list.

Dominick Reuter,Alex Bitter

Nearly 1,000 Family Dollar locations will close in the coming years, starting with 600 in the first half of 2024.Reuters

At least nine retail brands have said they're closing US stores in 2024, totaling some 1,280 locations.
Family Dollar is the largest chain on the list, planning to close at least 600 stores this year.

A Business Insider tally of disclosures from nine retail chain brands finds as many as 1,290 stores have closed or are set to close across the US in 2024.

The number is down considerably from prior years, including last year when the collapse of Bed Bath & Beyond contributed to a total of more than 2,800 locations shuttering.

Analysts at UBS expect the total number of US retail closures could reach 45,000 across the next five years, led largely by smaller stores going out of business, even as larger firms like Walmart, Costco, Target, Home Depot, and other established players continue to expand.

Topping this year's list is Dollar Tree-owned Family Dollar, which is set to close at least 600 locations, with more to come as leases expire.

Some companies, like Express and Foxtrot, are in dire financial straits. Others, like Walmart and TJX, have plans to expand by more stores than they close. Still others, like Foot Locker and Macy's, are shifting their strategies as shopping patterns change.

See the full list below:

Family Dollar: 600 stores

Family Dollar has caused significant headaches for Dollar Tree. REUTERS/ Jim Young

Parent company Dollar Tree said it will close 600 Family Dollar stores in the first half of this year, while an additional 370 locations will close in the coming years as leases expire.

CVS: 300 stores

CVS has more than 7,500 retail locations. Reuters

CVS is in the final year of its three-year plan to shutter 900 locations. The company says changing populations and buying patterns led it to reconsider how many stores it needs in certain areas.

Foot Locker: 113 stores

Foot Locker has more than 700 locations in the US, with even more around the world. Bethany Biron/Business Insider

Foot Locker closed 113 locations during the fiscal quarter that ended on February 3. In the same period, the company also opened 29 new locations and relocated or remodeled 66 others.

Express: 107 stores

Express had 600 retail locations across three brands before it announced its plan to close some. them. AP Photo/Terry Gilliam

Express announced in April that it would close 95 flagship brand stores and all 12 of its UpWest branded locations.

Rite Aid: 77 stores

Rite Aid says that it now has about 1,700 stores, down from 4,600 in 2023. MIKE BLAKE/Reuters

Rite Aid is closing another 77 locations after closing 150 last year.

Macy's: 50 stores

Macy's says it plans to go forward with about 350 department stores, as well as additional small-format stores. Reuters

Macy's said in February that it will close 150 locations over the next three years, starting with 50 in 2024.

Foxtrot: 33 stores

Chicago-based Foxtrot had locations in Illinois, Texas, and the Washington, D.C. area. Bethany Biron/Insider

Boutique convenience store Foxtrot abruptly shuttered its 33 locations in April after it came up $35 million short of its 2023 sales goal, Modern Retail reported.

Walmart: 7 stores

Walmart operates roughly 4,600 stores across the US. FREDERIC J. BROWN / Getty Images

Walmart will close seven locations across four states, which it says did not meet financial performance expectations. The company said earlier this year it plans for a total of 150 new or upsized stores in the next five years, starting with 14 new locations in 2024.

TJX: 3 stores

The TJX family of brands included TJ Maxx, Marshalls, Sierra, HomeGoods, and HomeSense. AP Photo/Charlie Neibergall; Gloria Dawson/Insider

Off-price retail company TJX closed two TJ Maxx locations and one Marshalls location earlier this year. Those will be more than offset by the addition of 45 new US locations across the two brands, plus 83 more across the other three brands in the TJX family.