Stores closing include Family Dollar, Express and Macy’s in 2024

• At least 11 retail brands have said they are closing US stores in 2024, totaling up to 1,601 locations.
• Family Dollar is the largest chain on the list, planning to close at least 600 stores this year.
• Other companies, such as Walmart and TJX, are closing some stores while opening many more.

A Business Insider count of disclosures from nine retail chain brands found that as many as 1,601 stores have closed or are slated to close in the US in 2024.

The number is down considerably from previous years, including last year, when the collapse of Bed Bath & Beyond helped close more than 2,800 locations.

Analysts at UBS believe the total number of U.S. retail closings could reach 45,000 over the next five years, driven largely by smaller stores going out of business, even as larger firms such as Walmart, Costco, Target and Home Depot continues to expand.