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As retail continues to face significant challenges, shoppers on a budget should stay informed about upcoming store closures to make smarter purchasing decisions. Economic pressures, bankruptcies, and shifting consumer habits are driving numerous retailers to shutter locations in 2026. Here’s a look at eight notable chains planning closures next year.
1. Foot Locker
Following its acquisition by Dick’s Sporting Goods, Foot Locker announced it will close underperforming stores in 2026, though the exact number remains undisclosed. Dick’s Executive Chairman Ed Stack emphasized the need to “clean out the garage,” focusing on eliminating unproductive inventory and aligning assets with the company’s future vision.
2. GameStop
GameStop plans to close 470 stores across 43 states next year due to declining foot traffic and rising costs. As of early 2025, the retailer operated 2,325 locations nationwide, but this reduction reflects ongoing challenges in the gaming retail sector.
3. Saks Off 5th
Following a recent bankruptcy filing, Saks Off 5th announced major downsizing. The company will close most Saks OFF Fifth stores, Neiman Marcus Last Call stores, and its online site.
These moves are part of a strategic shift toward focusing more on luxury retail, with closing sales scheduled at select locations.
4. Pizza Hut
Parent company Yum! Brands revealed plans to close 250 underperforming Pizza Hut outlets in the first half of 2026.
Despite this, the closures represent a small fraction of Pizza Hut’s global footprint of 20,000 units, reflecting a strategic recalibration amid declining sales.
5. Walgreens
Walgreens is set to close about 1,200 underperforming stores by 2027 as part of a turnaround strategy addressing declining profits. CEO Tim Wentworth acknowledged the process will take time but expressed confidence in its long-term financial and consumer benefits.
6. Kroger
Kroger announced it will shutter 60 stores in 2026, citing underperformance. While a comprehensive list of closures is pending, affected locations are expected in several states, including California, Illinois, Texas, and Virginia.
7. Macy’s
As part of its “Bold New Chapter” strategy, Macy’s will close 14 stores in the first quarter of 2026, with plans to shutter approximately 150 locations by year-end to enhance profitability.
8. Francesca’s
After 25 years in business, women’s boutique Francesca’s will close all roughly 400 stores nationwide. The company filed for Chapter 11 bankruptcy in 2020 and has struggled financially since.
Looking Ahead: Turning Store Closures into Financial Opportunities
While losing favorite stores can be disappointing, these closures offer shoppers a chance to reassess spending habits. Redirecting money saved from fewer shopping trips toward paying down debt or boosting savings can reduce financial stress and improve long-term stability.
Smart Money Moves for Every Budget
Regardless of your financial situation, there are steps you can take to strengthen your financial health:
- Increase Your Income: Consider side gigs or part-time work to supplement earnings without quitting your full-time job.
- Grow Your Wealth: Leverage the power of compound interest by starting or reviewing your investment plan.
Consulting a financial advisor can help tailor strategies, especially if early retirement is a goal.
- Seize Savings Opportunities: Maximize discounts and benefits available to you, such as senior deals or better car insurance rates, while avoiding hidden expenses that erode your budget.
Staying proactive with your finances, especially amid a shifting retail environment, can pave the way to greater security and peace of mind.