List of Stores Closing in May
Multiple major U.S. retail chains are closing stores in May 2026 as part of broader restructuring efforts amid financial pressures and changing consumer behavior. Companies including Macy's, Kroger, and Ikea are reducing their physical footprints, with closures affecting locations across several states. These shutdowns reflect ongoing challenges in the brick-and-mortar retail sector, including inflation, shifting spending habits, and increased competition from e-commerce.
- ▪Ikea is closing its Memphis, Tennessee, store on May 3, 2026, to focus on higher-growth markets and new store formats.
- ▪Francesca’s is shutting down its entire U.S. store fleet following a bankruptcy filing, with most closures occurring in spring 2026.
- ▪Approximately 57 Saks OFF 5TH locations are closing nationwide as part of Saks Global’s Chapter 11 bankruptcy restructuring.
- ▪All Neiman Marcus Last Call outlet stores are being closed as part of the parent company’s restructuring efforts.
- ▪Macy’s plans to close up to 150 underperforming stores by the end of 2026, with some closures expected in May.
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By Suzanne BlakeReporter, Consumer & Social TrendsShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.A growing number of major U.S. retailers are set to shutter locations in May, as financial pressures and shifting consumer habits continue to reshape the brick‑and‑mortar lineup. “The retail reckoning we're seeing is incredibly unfortunate," a finance instructor told Newsweek.Department stores, mall staples and specialty chains are among those trimming their footprints, with closures spanning multiple states and regions.Why It MattersWhile some companies say the moves are part of broader turnaround strategies, the pace of store closures highlights ongoing challenges facing…
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