Here are five major chains reducing their footprint in the Hawkeye State in 2026.
1. Big Lots: The End of an Era
The discount furniture and home goods retailer is one of the most visible casualties of 2026. Following its bankruptcy filing, Big Lots has moved from “restructuring” to a significant liquidation phase in Iowa.
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- The Impact: Several key locations have been targeted for closure, including stores in Des Moines (Merle Hay Road), Davenport (N. Brady Street), and Burlington.
- Why: The chain could not compete with Walmart’s pricing or Amazon’s convenience, and rising rents in larger commercial corridors made these…