Joann Fabrics, headquartered in Hudson, Ohio, is the latest retailer to announce store closures in 2025, joining a growing list of major chains downsizing, including Big Lots, Macy’s, Kohl’s, JCPenney, and more.
According to USA TODAY, these closures reflect a nationwide trend driven by ongoing economic challenges stemming from the COVID-19 pandemic and the continued rise of online shopping.
- Joann Fabrics plans to close 500 of its nearly 850 stores across 49 states.
- Big Lots, based in Columbus, Ohio, is shutting down hundreds of locations, though around 200 will remain open.
- JCPenney is closing stores in eight states.
- Macy’s is set to shutter 150 stores by 2026, with 66 locations already named.
- Kohl’s will close 27 underperforming stores, including two in Ohio.
- Party City is shutting down 600 locations, with 20 closures in Ohio.
Retailers continue to navigate shifting consumer habits, rising costs, and the dominance of e-commerce, forcing many to rethink their brick-and-mortar presence.
*Article courtesy of CourierPost
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