The purpose of this disclosure is to explain how we make money without charging you for our content.
Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.
Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.
Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.
Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.
To find out more about our editorial process and how we make money, click here.
We’re not yet into May, and already 2016 is proving to be another banner year for store closures. Chain retailers across the country, faced with increased competition from online shops like Amazon and a consumer base not quite recovered from the Great Recession, are restructuring in an effort to cut losses.
Big-box, specialty, department, clothing retailers alike have been affected by the closures.
Following Thursday’s announcement that dozens of Sears and Kmart stores are shutting down this summer, here’s a partial list of others stores that have closed or are closing their doors. Add them all up, and it means there will be well over 2,500 store closures around the country in 2015 and 2016.
- Wet Seal: 500-plus
- Office Depot: 400
- Barnes & Noble: 223 (through 2017)
- Walgreens: 200
- Children’s Place: 200 (through 2017)
- Aeropostale: 175
- Walmart: 154
- Finish Line: 150
- American Eagle: 150 (through 2017)
- Sports Authority: 140
- Sears/Kmart: 128
- Chico’s: 120 (through 2017)
- Pier One: 100 (through 2017)
- Sports Chalet: 48
- Macy’s: 40
- Gap/Gap Kids: 35
- Target: 13
- J.C. Penney: 7
This post has been updated for clarity.