Based on recent bankruptcy filings, corporate restructuring announcements, and ongoing “fleet optimization” plans, here are six major retail chains closing locations in New Mexico this year.
1. Conn’s HomePlus
This is the most significant hit for New Mexico shoppers looking for furniture and appliances. The Texas-based retailer filed for bankruptcy and announced a plan to wind down its operations entirely.
The impact here is massive. The company confirmed the closure of all its New Mexico locations, including its three stores in Albuquerque, the Santa Fe location, and the store at the Mesilla Valley Mall in Las Cruces. “Going out of business” sales have been clearing out inventory, leaving large vacancies in these central shopping districts.
2. Big Lots
The discount furniture and pantry retailer filed for bankruptcy protection and has been aggressively shedding stores to survive. New Mexico has been specifically targeted in these cuts.
Multiple locations have been marked for closure, including the Albuquerque stores on Coors Blvd NW and Montgomery Blvd NE, which appear on the liquidation lists. Shoppers who frequented these spots for bargain home goods should expect aggressive clearance sales as the brand significantly reduces its local footprint.
3. Walgreens
The pharmacy giant is in the midst of closing roughly 1,200 stores nationwide to cut costs. New Mexico is currently experiencing a wave of these closures…