Store closing sales enter final days for Big Lots, Party City and more
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All Party City stores are expected to be closed by the end of March 2025. Photo: Kelly Tyko/Axios
Liquidation and going-out-of-business sales are entering the final days and weeks for closing Big Lots, Party City, Kohl's and Macy's stores.
Why it matters: Approximately 15,000 store closures are expected this year, more than double the 7,325 stores that closed in 2024, according to Coresight Research.
- JCPenney, Joann, Dollar General, CVS and Walgreens are also shuttering stores this year.
State of play: If you want to shop at a closing store sale, try calling to confirm your closest location is still open.
- Some stores closed earlier in the liquidation sale.
Big Lots stores closing, some reopening
Big Lots posted on its Facebook page Friday that its stores were going into their "final weekend" and "slashing prices until it's gone!"
- Its Facebook page notes it's the "last 3 days or less" as "stores close when it's all gone."
Zoom in: The Columbus, Ohio-based company had about 27,700 employees and more than 1,300 stores in 48 states when it filed for Chapter 11 bankruptcy protection in September.
- On March 14, the Big Lots store locator listed 366 stores.
What's next: While all Big Lots stores are closing, about 200 locations will soon reopen under new ownership. Variety Wholesalers plans to reopen the first wave of stores in April, Fast Company reports.
Party City closing all stores
Party City's liquidation is in its "final 2 weeks" with discounts up to 80% off.
- The New Jersey-based party supplies company announced in December it was closing all of its nearly 800 stores after nearly 40 years in business.
- The retailer's store locator was still online Friday.
Macy's closing stores 2025
The big picture: Macy's is closing 66 stores as part of its "A Bold New Chapter" plan and started liquidation sales in January.
- The struggling department store chain said in February 2024 that it planned to shutter 150 stores by the end of 2026 — about a third of its locations — and would invest in its "350 go-forward Macy's locations."
- See the Macy's store closing list here.
Between the lines: Macy's confirmed to Axios in January that clearance sales would run for approximately 8–12 weeks for full-line and small-format stores.
- For most closing furniture galleries and free-standing Backstage stores, clearance sales began in February and were expected to run for approximately six weeks.
- Macy's lists the closing stores on its store locator.
Kohl's closing stores 2025 list
Kohl's said in January it will close 27 underperforming stores by April 2025.
- The Menomonee Falls, Wisconsin-based retailer operates about 1,150 stores nationwide; the closures account for less than 3% of its locations.
- See the Kohl's store closure list here.
Yes, but: Jill Timm, Kohl's chief financial officer, said during an earnings call Tuesday that the company's fleet is "incredibly healthy" and "didn't have a lot of stores that were underperforming."
Joann fabric stores closing
Bankrupt arts and crafts retailer Joann announced in February that it would close all of its stores after originally planning to close 500 of its about 800 stores.
- The liquidation sale is only in-stores and Joann is warning consumers to "beware of fraudulent websites."
- Discounts are up to 50%, Joann said on its Facebook page on March 11.
Reality check: Joann stopped accepting gift cards on Feb. 28, a common practice after a retailer files for bankruptcy.
Dollar General closing 96 stores
Zoom out: Dollar General said in a news release Thursday that it plans "to close 96 Dollar General stores and 45 pOpshelf stores and convert an additional six pOpshelf stores to Dollar General stores" in the first quarter of the fiscal year ending Jan. 30, 2026.
- During fiscal 2024, the company said it opened 725 new stores, remodeled 1,621 stores and relocated 85 stores.
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