More than 400 stores are closing in 2021 as the retail apocalypse drags on. Here's the full list.
A strip mall store sits empty April 7, 2008 in Ontario, California.
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Retailers have confirmed more than 400 store closures in 2021 so far.
Disney, Best Buy, and Macy's are a few of the stores planning to close locations this year.
More than 8,000 US stores closed last year, and experts predict 10,000 possible closures in 2021.
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Retailers have announced plans to close more than 300 stores this year, and experts say the total could reach 10,000 stores or more.
Mass closures, referred to as the retail apocalypse, have continued over the past few years. In 2020, more than 8,300 US stores closed, following 9,300 in 2019, according to Insider analysis. Research firm Coresignt predicts this trend will continue into 2021. The COVID-19 pandemic made online orders surge over the past year, but it wreaked havoc on brick and mortar retailers. Other retailers that didn't close filed for bankruptcy , including J Crew, Nieman Marcus, and JCPenney.
Here's a list of stores expected to close this year.
Disney: 60 stores
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Disney plans to close 60 stores across North America by the end of 2021 to focus on e-commerce, the company announced.
The closures will affect 20% of Disney's 300 global retail stores before it looks at more potential closures, especially in Europe , according to CNBC. Japan and China will not be affected. Disney also acknowledged that this change would lead to layoffs but declined to say how many people will be impacted.
Best Buy: 5
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Best Buy is closing five stores across the US in early 2021, the retailer confirmed to four local news outlets.
The retailer plans to close two Richmond, Virginia area stores, along with one store each in Syracuse, New York, Carbondale, Illinois , and Brockton, Massachusetts.
Francesca's filed for Chapter 11 Bankruptcy in December and closed 140 of 700 total stores in January.
Read more: The CEO of Planet Fitness is preparing for a brick-and-mortar fitness boom as the company creates content to disrupt digital offerings made popular by the pandemic
Macy's told employees at 45 locations that their stores would close in 2021, CNBC first reported.
The closures are part of the plan the retailer announced back in February 2020 to close 125 stores by 2023, about one-fifth of total locations. At the time, Macy's also announced that it would cut 2,000 corporate jobs.
Bed Bath and Beyond: 43
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Home goods retailer Bed Bath & Beyond closed 43 stores in...