These Big Stores Are About To Shut Down This Year And Here's Why

Have you noticed several big stores closing down in your city? Well, this isn't just happening around your area but around the whole country. Several big stores are about to shut down this year, and many want to know why. Big stores such as Macy's and JCPenny have been struggling ever since the pandemic, and now that the economy is not looking good, these companies are starting to shut down stores all over the country. 

Several big-name stores are now switching to online sales as the internet has taken over everything as everybody started ordering things online due to the pandemic. Some of these big stores have been around forever, so it would be sad to see them go. So if you want to see what big stores are about to shut down this year then stick around. 

Bed Bath & Beyond has been around since the 1970s and is one of the most popular retail stores. There is a Bed Bath & Beyond in almost every shopping center, but in 2021, the company closed down over 200 stores that were not performing too well. 

Express clothing stores have been around since 1980 and were founded in Chicago, Illinois. The fashion retailer supplied people with the latest fashion trends during the 1980s, which led to several locations being opened around the country. Express got so big that it expanded to countries such as Mexico, Costa Rica, and Panama. 

Office Depot was founded during the 1980s and became one of the most popular office supply stores in America. The biggest competitor, Staples, is in much better shape now than Office Depot, as they have already closed down several stores across the country and are set to close down more. 

Stein Mart is another retail clothing store that was affected by the pandemic. Stein Mart was founded in the early 1900s and was one of the most popular retail clothing stores at one point in time. Things are quite different for Stein Mart now, as the pandemic led to several stores closing down across the nation. 

Walgreens has been around since 1901 and was founded in Chicago, Illinois. Walgreens is considered to be the second-largest pharmacy store in the nation but has recently been through some tough financial times. 

Men's Warehouse, which is owned by Tailored Brands, has been around since the 1970s but has recently found itself in a pickle as it has resorted to closing down many stores around the country. The company announced that it would be closing up to 500 stores within the next couple of years as it is unable to support them all. 

Signet Jewelers has been around since 1949 and owns several big-name jewelers, including Zales, Kay Jewelers, and Jared. The company has been supplying Americans with jewelry for years but has been through some rough financial times lately. The company has been struggling ever since the pandemic and decided to close down a number of its stores to keep the company afloat. 

Elf Cosmetics has been around since the early 2000s and specializes in women's cosmetics. The company is known for being "cruelty-free" of animals, and this was one of its main marketing slogans. The company has seen better times in the past as it had to close down all of its storefronts in 2020 as it was not able to survive the pandemic. 

Pier 1 Imports has been around for years and originally came out of Texas. The department retail store specializes in imported furniture that is unique compared to other furniture stores. Pier 1 Imports became so popular that it built stores in other countries, such as Japan. Things started to decline for the company around 2010 and have gotten worse in recent years. 

Winn Dixie is a grocery store that was created in the southeastern part of the United States and has been supplying people with food for years with groceries. The company had been doing pretty well for a while until recently when it had to file for bankruptcy. The pandemic didn't help the supermarket chain either, which had to close down 94 stores during the pandemic. 

GameStop has been around since the 1980s and has been supplying kids with video games ever since. GameStop isn't as popular anymore, sadly, because the internet has taken over the gaming industry, as people are able to buy games online and don't require a physical disk anymore. Because of this, GameStop has seen a dramatic decrease in sales which resulted in many stores closing down. 

Justice was founded in 2004 and became one of the most popular retail stores that carried clothes for teenage girls. The company was doing super well during the mid-2000s but started to see a decline in sales after 2015. Once the pandemic hit, this led Justice to close down over 600 stores across the nation. 

Sears is one of the oldest companies that has been around since 1892 and was one of the biggest retail sales in the nation. Sadly, Sears has seen better days as it was hard not to shop at Sears back in the day, but now there are only a few remaining as the company has filed for bankruptcy. 

Disney is one of the largest corporations in America and has several stores around the world, as people go crazy for its merchandise. But things haven't been looking too good for Disney's storefronts, as they have seen a decline in sales ever since the pandemic. Disney has already closed down over 100 stores since the pandemic and plans to only have a small number of stores in the future. 

Kmart is another extremely old company that has been around since 1899. The company reached its peak in 1994 but has declined ever since. The company was destined to eventually close its door, which it did recently. There are only a couple of remaining stores in the nation, and they are set to close by the end of the year. 

Zara is a Spanish retailer that was founded in 1975 and has become world-famous for its trendy fashion lines. Recently, the company announced that it would be focusing more on its online sales and plans to close up to 1,200 stores worldwide. 

H&M has been around since 1947, supplying people with the latest fashion trends. The Swedish company, in recent years, has been struggling to survive in this economy and has already closed down several stores around the world. H&M already closed down 250 last year and plans to close down more. 

Lowe's has been around since the 1920s and has been supplying Americans with home improvement items for years. One of their biggest competitors is Home Depot, and one of the reasons why the home improvement store hasn't been doing so well. Lowe's has already closed over 50 stores and plans to close more each year as it has been losing money for years. 

Victoria's Secret has been around since the late 1970s and has become more significant than it ever thought. There is a Victoria's Secret in almost every mall around the world, and it is one of the leaders in the lingerie industry. Women have chosen Victoria's Secret over other brands, but recently the company has been facing some hard financial times. 

Forever 21 was founded in 1984 in Los Angeles, California. The Korean-owned company became one of the biggest fashion retail stores in the world as it always had the trendiest clothes. The company blew up as it wasn't afraid to change with the times, but recently the company has been struggling to stay alive. 

GAP was founded in 1969 and has been one of America's most popular clothing retail stores. GAP exploded during the 1970s and 1980s, which made it a reputable brand. The company was doing well for a while until it started to see a decline in sales around 2010. 

Macy's has been around since 1858 and was founded in New York City. It has grown to be one of the biggest department stores in America but has recently struggled to keep afloat. Since the pandemic, Macy's hasn't been doing so well and announced that it would be closing several stores this year. 

JCPenny is another old company that has been around for years, as it was founded in 1902 in Kemmerer, Wyoming. JCPenny was just a general goods store when it first was around but has now become a multi-chain merchandising store that is in just about every mall around the country. 

Banana Republic has been around since the late 1970s and became popular for selling items for a safari and travel lifestyle. The company has come a long way since then, as now it carries fashionable clothing. The company was doing pretty well for several years until the pandemic hit and the company's stock crashed. 

Carter's is one of the oldest companies on the list, as it was founded in 1865. The company has always specialized in clothing for children and has lasted over 150 years which is quite surprising. The company was able to survive several economic crises but has finally reached its end. 

American Eagle Outfitters has been around since the late 1970s and is known for its American clothing lifestyle that became popular over the years. There is an American Eagle Outfitters store in just about every mall across America, but that has recently been changing as the company has closed down several stores recently. 

Chico's is a retail store that was founded in 1983 and has been one of the leading stores that carry women's clothing. Since times are changing and the internet is taking over, the company decided to close down 250 stores and plans to close down the rest by the end of the year. 

Payless has been around since the 1950s and has been supplying Americans with footwear until recently. Payless announced that it plans to close down all of its 2,500 stores by the end of the year as it is in full liquidation mode. Once the pandemic hit, the company knew that it had no chance of surviving and filed for bankruptcy shortly after. 

Gymboree has been around since the 1970s and became one of the most popular children's clothing retail stores in the country. The company recently filed for bankruptcy as it wasn't able to survive after the pandemic. Gymboree announced that it would be closing down 800 stores in the country and plans to close down the rest by the end of this year. 

Charlotte Russe has been around since the 1970s and has been supplying women with some of the most trendy clothes over the years. The company was founded in California and had several locations across the country until recently. In 2019, the company announced that it would be closing down all of its 500 stores as the company was going under. 

Destination Maternity is a retail store specializing in maternity apparel and was one of the leading companies in the industry. The company was founded in 1982 and became an ultimate hit as there was a need for maternity apparel at the time.   

Starbucks has been around since the 1970s and has been serving not only Americans but people all over the world with hot and cold coffee. It is hard to believe that Starbucks has been struggling recently, but the rumors are confirmed as the company announced that it would be closing down around 150 stores that were not doing well. 

Christopher & Banks has been a leading retailer that specializes in women's clothing for years. The company has been around since the 1950s but has seen better times as it recently announced that it would be closing down several stores across the nation. 

Foot Locker was one of the most popular footwear retailers in America and has seen better days as the company recently announced that it would be closing most of its stores by the end of 2022. Foot Locker wants to focus on online sales to keep the company alive. 

J. Crew has been around since the 1980s and was one of the biggest clothing retailers for years until recently. In 2020, the company announced that it would be closing down six stores which it ended up doing. The following year, J. Crew closed down 30 more stores and planned to close down more this year. 

The Vitamin Shoppe has been around since the late 1970s and, at one time, was America's largest vitamin shop behind GNC. Recently the company has been going through some rough financial times and has announced that it would be closing down a majority of its stores. The company was largely affected by the pandemic and knew that it needed to do something about it. 

Bebe has been around since the 1970s and was founded in San Francisco, California. The company was created by Manny Mashouf, who ended up leaving the company in recent years, which has led to a decline in the company's sales. Since the company lost around $4.6 million in revenue in 2020, it decided to close down several stores. 

Nine West has been around since the 1980s and has several locations across the country. The fashion retailer was doing pretty well for several years and opened a store in just about every mall in America. It wasn't until recently that the company announced that it was in debt of around $1.5 billion and eventually filed for bankruptcy. 

Francesca's has been around since the late 1990s and became one of the most famous women's fashion stores. Customers loved the line of clothing that Francesca's sold, which led to several storefronts opening in malls across the nation. 

Abercrombie & Fitch was founded in 1892 and has been supplying people with some of the most trendy clothes over the years. The company recently announced that it would be closing down several stores due to the pandemic and plan to close down several more in the coming years. 

David's Bridal was founded in 1950 and has been supplying Americans with wedding clothes for several years. When it comes to high-end gowns and formal wear, David's Bridal knows how to deliver, but this has hindered them in recent years as people have resorted to buying cheaper gowns and formal wear. 

Bon-Ton has been around for over 100 years and has adapted well to the times, but recently things haven't been looking so well for the old company. Bon-Ton filed for bankruptcy in 2018, which led to several stores closing down. Now there are little to none left as the company announced that it would be closing down all of its stores by 2022. 

Claire's has been around since the 1960s and was one of the most popular merchandising stores at one point in time. Things have changed dramatically for the company in recent years as it saw a decline in sales for a number of years. It wasn't until the company filed for bankruptcy that it realized that it couldn't operate any longer. 

Shopko was founded in 1962 and is based in Green Bay, Wisconsin. The department store became one of the biggest chains in the state and even expanded into other states. Everything went well for Shopko for years until it announced that it would close up to 70 percent of its stores. 

Ascena Retail owns Loft, Ann Taylor, Dress Barn, and Lane Bryant, which were pretty profitable in the past, but things haven't been so well for the company in recent years. Ascena Retail has noticed a decline in revenue across the board and resorted to closing down around 700 stores across the nation. 

Lord & Taylor has been around since the early 1800s and has been supplying Americans with high-end luxury clothing for years. The company has been able to survive for almost 200 years but is in pretty bad shape as the company announced that it would be closing down a significant portion of its stores. 

GNC is another company that has seen better times, as it recently had to file for bankruptcy which led to the closure of 800 stores around the country. The company also announced that it would be closing a significant portion of its stores overseas, as GNC has over 7,300 stores worldwide. 

Party City has been supplying Americans with party supplies since the mid-1980s and was so big that it even expanded into Canada and Mexico. Party City was doing well for several years until it started to see a decline in sales once companies like Amazon became prevalent. 

Bloomingdale's is a luxury department store that has been around since the mid-1880s. The company was one of the leading luxury department stores in the country and is known for its quality products. But Bloomingdale's hasn't been doing so well recently as the company announced that it would be closing down a portion of its stores due to the pandemic.