In 2025, a number of well-known retailers have shut down their locations due to shifting consumer spending patterns and industry changes.

Here’s what you should know about the numerous store chains that closed their doors in 2025.

As part of its ongoing bankruptcy restructuring, Joann reportedly intends to close 500 of its approximately 850 stores across the country.

The closures follow Joann’s initial Chapter 11 filing in March 2024 and her subsequent filing in January 2025 to expedite the sale process.

For years, Joann has struggled with money problems. Despite obtaining $132 million in fresh funding, the business still owed about $1 billion when it filed for Chapter 11 bankruptcy for the first time in March 2024.

Even after going private, Joann had trouble regaining stability, which resulted in its second bankruptcy filing in January 2025. Court documents state that Joann’s most recent reorganization attempts to cut expenses by closing stores and increase the company’s worth through a sale process.

Billabong, Quicksilver, and Volcom stores closing
Liberated Brands filed for Chapter 11 bankruptcy, resulting in the closure of more than 100 Volcom, Billabong, and Quicksilver stores nationwide.

What we know: Earlier this week, Liberated Brands filed for Chapter 11 bankruptcy in Delaware. The company, which has its headquarters in Costa Mesa, California, and runs a number of outdoor, lifestyle, and sports clothing brands, attributed the decline to inflation and persistently high interest rates as well as a change in consumer preferences toward “‘fast fashion’ and e-commerce as opposed to branded apparel and brick-and-mortar retail.”