It looks like 2025 will be a record year for U.S. retail store closings, according to data from Coresight Research recently published by commercial property platform CoStar.
A CoStar News story said that over 5,800 stores shut their doors in the first half of the year; during that same period in 2024, around 3,500 retail locations closed.
Coresight has predicted that 15,000 stores will close this year—more than double the number (7,325) that closed last year. That total would top the then-record 10,000 retailers that shut during the pandemic year of 2020.
Store closings during the first half of 2025 also surpassed the number of openings, 3,960, during that period, according to the CoStar report.
The Jewelers Board of Trade (JBT) has noted an increase in jewelry store closings this year: It said 167 U.S. jewelry stores discontinued operations during the first three months of 2025—a 21% rise from the same period in 2024. Only 68 jewelry stores opened during the first quarter this year, JBT said.
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