What Retailers Closed the Most Locations in 2024?

Last year we watched more than 7,000 stores close nationwide, but which companies led the way?

If you haven't noticed it yet, the last 12 months have not been good for big business across the county as more and more retailers have announced that they are closing locations. Almost once a month we hear news that another big-name retailer has announced plans to shutter stores.

Closed or Bankrupt

Experts say that more than 7,100 stores have already closed for good through the end of November 2024. That’s a whopping 69% jump from the same time last year, according to recent data from research firm CoreSight shared by CBS. Not only was it a record-type year for closures but they also shared that forty-five retailers have filed for bankruptcy so far this year, approximately 20 more than in all of 2023.

Why is It So Bad?

The reasons behind many of the store closures reported this year (list below) vary but most have said that shopping habits have changed so much that many of them need fewer brick-and-mortar stores. Others have blamed supply chain issues, retail theft, and rising labor costs as to why they have either filed for bankruptcy or closed numerous locations.

What Retailers Closed the Most Stores This Year?

According to CBS, there are 30 retailers that have reported the largest number of store closures in 2024 with names like Dollar General (63), Express (105), Foot Locker (124), and DK (249) closing a significant number of locations, but they didn't even crack the top 10 of most closed stores.

SEE ALSO: Popular Retailer Adds to List of Stores Expected to Close

Let's hope that 2025 is much better and the trend of closings stops! Here are the ten retailers that have closed the most locations so far in 2024...