Retail stores that are closing in 2020

Is your favorite retailer going out of business this year?

As more consumers shift to online shopping, the number of closures among department stores, supermarkets, minimarts, and other retail shops continues to grow. And due to the ongoing COVID-19 pandemic, store closures could hit a new high in 2020, with global marketing research firm Coresight Research forecasting over 15,000 gross closures this year ― up from a record-high of 9,548 in 2019. To get a clear picture of how the rise of e-commerce and the threat of the current pandemic have hurt retailers so far, below is a list of companies that have or about to shut down some or all of their brick-and-mortar stores in the U.S. this 2020. The list also includes some notable businesses that closed a huge number of stores in 2019.

General Nutrition Center

Credit: Flickr / Mike Mozart

The 85-year-old vitamin and dietary supplement company filed for bankruptcy in June, and revealed its plans to shut down 20% of its 5,800 retail stores, which amounts to as many as 1,200 locations across the country. GNC has been burdened with nearly $1 billion of debt and has faced drop in sales at its physical stores long before the pandemic. But after obtaining $130 million in fresh financing from its largest vendor, vitamin supplier IVC, the company aims to emerge from bankruptcy in the fall.

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