At least 4,600 stores in the United States are set to close within 2020.
According to a Business Insider report, Microsoft, GNC, Victoria’s Secret, Bath & Body Works, Nordstrom, Sears, Forever 21, and Wallgreens are among the retailers that are planning to close stores this year due to Covid-19 pandemic.
In 2019, more than 9,300 stores have been announced to close in the US, smashing the previous record of roughly 8,000 store closures in 2017, as analyzed by Business Insider.
Real estate firm Cushman & Wakefield estimated that the number of store closing this year could be even higher than previous records. The same firm estimated last year, prior to the Covid-19 pandemic, that as many as 12,000 major chain stores could close in 2020.
As analyzed by Business Insider, retail companies have so far confirmed at least 4,600 stores slated for closure in 2020.
Below is the list of stores that are expected to close within the year:
1. Pier 1 Imports: 450 stores
2. GameStop: 320 stores
3. Signet Jewelers: 300 stores
4. Papyrus: 254 stores
5. GNC: 248 stores
6. Victoria’s Secret: 238 stores
7. Gap: 230 stores
8. Tuesday Morning
9. Walgreens: 200 stores
10. Chico’s: 200 stores
11. Wilsons Leather and G.H Bass: 199 stores
12. Destination Maternity: 183 stores
13. Forever 21: 178 stores
14. JC Penney: 155 stores
15. Modell’s: 153 stores
16. A.C Moore: 145 stores
17. Macy’s: 125 stores
18. Art Van Furniture: 125 stores
19. Bose: 119 stores
20. Guess: 100 stores
21. Microsoft: 83 stores
22. Olympia Sports: 76 stores
23. Sears: 51 stores
24. Earth Fare: 50 stores
25. Bath & Body Works: 50 stores
26. Kmart: 45 stores
27. Bed, Bath & Beyond: 44 stores
28. Lucky’s Market: 32 stores
29. Express: 31 stores
30. Neiman Marcus: 20 stores
31. Nordstrom: 19 stores
32. Hallmark: 16 stores
33. Walmart: 3 stores
