Walgreens announced plans to shut down a significant number of 8,600 locations as part of a multiyear optimization program, but has not announced which one will be closed! Store closings are for the reset the struggling pharmaceutical chain business. Closures will focus on locations that aren’t profitable, are too close to each other, or are struggling with theft.
More Store Closings in 2024
Big Lots Closing 149 Locations
Big Lots announced plans to close 149 stores across 28 states due to financial difficulties. The company is facing significant challenges, between inflation and a rigorous economy. These pressures have made it difficult for Big Lots to maintain profitability, which led to closures.
Rue21 to Close 540 Store Locations
The teen apparel retailer Rue21 has announced they will close all of their remaining 540 locations. After filing bankruptcy for the third time,  you can expect all stores to start closing sales soon. It’s not available online shopping, but you can stil access the list of rue21 locations.
Express To Close 95 of 500 Stores
Fashion retailer Express has filed for bankruptcy and is set to close 95 of its over 500 stores. This decision marks the beginning of closing sales at nearly 100 locations. Their stores that are marked for closure were specified in a bankruptcy filing and are distributed across 30 states, with 16 locations in California, 11 in New York, and 7 in New Jersey.
The Body Shop to Close All Stores
The Body Shop has filed for bankruptcy and on March 1st announced the closing of all US stores. The reason for their closing is financial struggles in the past few years. While some stores in other countries will remain open, all 50 locations in the US are now closed, as well as their online shop. This chain was founded in 1976 and is known for natural, cruelty-free beauty products. Scroll below and check out information on other stores that announced they are closing this year.
Family Dollar to Close 1000 Stores
Dollar Tree announced that it would close nearly 1000 branded stores. They will shut down 600 Family Dollar stores in the first half of 2024, and 370 other stores over the next years, the same as 30 Dollar Tree stores at that period! Recently they were fined $41.6 million due to the presence of rodent activity at the warehouse, which is the main reason for closing hundreds of their stores!
The company also has a net loss of $1.7 billion! Dollar Tree, which acquired Family Dollar nearly a decade ago, has not released a comprehensive list of the locations it is closing but many of the stores are already offering sales of up to 75% off since Monday, March 18th. To take advantage of these deals, you can find the nearest Family Dollar here!
On the other hand, Aldi is opening 800 New Aldi Stores Nationwide!
Giant retailers also kicked off the year with store closures. Store closures are standard practice among traditional retailers who often evaluate the profitability of each location. In this round of closures, however, more retailers are taking the digital experience into consideration as well as the location and appropriate size of their stores. You can find a list of these retailers affected by closures below:
Foot Locker Closing Up to 420 Stores
By 2026, Foot Locker is planning to close up to 420 mall-based stores, and open 300 smaller, freestanding stores!
Journeys Closing Over 100 Stores
Journeys will close over 100 stores this year exceeding their previous closure plans, due to a decline in sales and changing consumer demand. This closer will save the company up to $40 million!
CVS is Closing 900 Stores
From 2022 to 2024, CVS is planning to close 300 stores each year, or a total of 900 stores – 9% of their 10,000 stores across the country. Stores that are more likely to close are in locations where there are already more than enough CVS stores needed.
Some of those stores will not totally close but will be changed to health clinics or CVS HealthHUBs as CVS is looking forward to offering more than just pharmacy services. These are all done to accommodate changing customer habits, including more online shopping and curbside pickup.
Joann Fabrics and Crafts Files for Bankruptcy
Joann Fabrics and Crafts has filed for Chapter 11 bankruptcy protection. Recently, Joann posted results showing it was more than $1 billion in debt, but as of right now its stores and website will remain open and continue operating as usual.
Hopefully we can all get some deals
So which of any have some deals?
No way to know at the moment. Hopefully they’ll post something about it soon!