10 Major Retailers Racing Toward Extinction

It may be harder for you to shop at your favorite retailers, as some stores are quickly closing down locations across the country.

Closings are being reported across industries with locations shutting down in clothing, accessories, and pharmacies that could've helped you save money on essentials, and more.

Check out this list to see if your favorite stores are on the chopping block and find out just how fast they're closing locations.

Fossil has been struggling financially in recent years with the company's CEO stepping down in early 2024 after helming the retail brand for decades.

The struggling retailer plans to close one-fifth of its 250 stores in 2025, in the hopes of saving $100 million, compared to 2024. 

Rite Aid has been shutting locations down across the country as it tries to restructure itself after declaring bankruptcy and closing over 800 stores across the country. 

Some states have suffered more than others with places like Michigan seeing all of their Rite Aid locations close with prescriptions being sent to other pharmacy chains instead.

Grocery chain Save-A-Lot transitioned from a retail store to an online licensed wholesaler as the supermarket struggled due to issues that have plagued it in recent years. 

In 2023, Save-A-Lot sold off its last 18 corporate-owned stores to other supermarket chains.

The company had problems with theft at some locations as well as continuing issues related to a drop in customers after the pandemic.

You may have loved seeing Express at your local mall, but it may be a long-gone memory now.

The retailer closed almost 100 Express locations in 25 states in 2024 when the company filed for Chapter 11 bankruptcy. 

Advance Auto Parts has struggled recently, leading to the chain shutting down locations and distribution centers to stay afloat.

In 2024, the company announced that it plans to close 700 of its 5,000 stores by the middle of this year. 

It could be harder to fill up your vehicle as your local Citgo station may have already been cut.

The company closed 7.9% of locations in 2023-2024 as it dealt with financial issues in recent years and is in the process of being sold, which could help it with some creditors who are owed money by the gas and oil company.

Staples may not be a staple for your office supplies with 9% of its locations closing down in 2023 and 2024.

The retailer continues to shut down stores in different states including Massachusetts, Pennsylvania, and other locations.

In 2020, Gap Inc. announced it would be closing 350 Gap and Banana Republic locations following some misfires in recent years.

The company fired its CEO in 2022 and recently shuttered its home furnishings line that was barely a year old in an effort to move forward despite its economic struggles and shuttered stores.

Party City isn't much of a party anymore as the company continues to shut down multiple locations.

Party City closed all of its locations this year after filing for Chapter 11 bankruptcy back in 2023. The last day for the 40 year old retailer was February 28, after the company struggled to pay off over $1 billion of debt. 

Kitchen retailer Williams-Sonoma may have taken out some kitchen knives to chop at its retail locations.

The company closed stores throughout 2023 and 2024 as it moved to more online options for customers with e-commerce making up a bigger chunk of its revenue in recent years.

It can be hard to lose your favorite retailers, but it could also be a good time to try new retailers so you can save money and get ahead financially.

Look into different options that can help you save cash and don't forget about online retailers to help you get what you need. Online shopping can also help you compare costs so you can find the best deals and keep some cash in your wallet.