Dollar Tree plans 1,000 store closures amid restructuring

Several major U.S. retail chains are undergoing significant store closures due to shifting market conditions and increased competition. Forever 21 will shutter all 354 of its U.S. locations after filing for bankruptcy, citing rising costs and unsustainable business models, while Family Dollar is closing 1,000 underperforming stores following its sale by Dollar Tree to private equity firms. Furniture retailers are also affected, with Progressive Furniture ceasing operations due to the closure of a key supplier, and The RoomPlace filing for bankruptcy. Other chains like Bonmarché and Lowes Foods are closing select locations as part of broader strategies to consolidate, remodel, or relocate, rather than due to direct financial distress. These closures underscore the broader trend of declining brick-and-mortar retail presence as companies adapt to evolving consumer habits and economic pressures. Retail experts warn that tens of thousands of physical store closures are likely in the coming years.