Here are the major retailers that already have plans to close stores in 2020, starting with the biggest announcements. Are these chains losing the battle against e-commerce giants?

1. Pier 1 Imports

A Pier 1 Imports store in Hillsboro, Oregon
Steve Morgan / Wikimedia Commons

Stores closing in 2020: 450

Pier 1 Imports' familiar assortment of scented candles, silk pillows and wicker furniture isn't the draw for shoppers that it used to be. The chain began 2020 by announcing that nearly half of its 936 stores are shutting down.

That's after closing at least 70 locations in 2019.

"Although decisions that impact our associates are never easy, reducing the number of our brick-and-mortar locations is a necessary business decision," CEO Robert Riesbeck says, in a statement.

Pier 1 stores on the chopping block include the only three operating in Alaska. Sorry Alaskans, but next time you need a new Pier 1 throw to help you stay warm, you'll have to buy it online.

2. Chico's

Chico's store, Green Oak Village Place, Green Oak Township, Michigan
Dwight Burdette / Wikimedia Commons

Stores closing in 2020: Up to 250

Chico's specializes in sophisticated clothing, accessories and intimates for women. It serves "the lifestyle needs of fashion-savvy women 30 years and older," according to its website.

The company — which also operates the the Soma and White House Black Market stores — was founded in 1983 by a husband and wife team and named after a friend’s parrot. It grew rapidly to more than 1,400 locations in the U.S. and Canada.

Now, the chain is shifting gears away from traditional stores. That spells the end for 250 U.S. locations by early 2022. It's not clear how many have already closed.

Chico’s has partnered with Amazon, ShopRunner and QVC to accommodate its 8 million customers' changing needs and shopping behaviors.

3. Gap

Gap store in a mall
Khemkhaeng / Wikimedia Commons

Stores closing in 2020: Up to 230

The Gap chain is shrinking — in more ways that one.

It's on its way to closing around half of its stores through 2020. The company made that decision in early 2019, after a not-so-merry 2018 holiday season that saw Gap's sales decline 5%. The retailer hasn't said how many stores have shut down so far.

Robert Fisher, currently Gap's interim CEO, says the closures will breathe new life into the 50-year-old brand. Not only that, but remaining stores will be reduced in size.

Maybe the most shocking development was Gap Inc.'s announcement last year that it would spin off its Old Navy chain as a separate publicly traded company — but Old Navy has faltered recently, so those plans have been called off.

4. A.C. Moore

An A.C. Moore store in Framingham Massachusetts
John Phelan / Wikimedia Commons

Stores closing in 2020: More than 145

The arts and crafts chain A.C. Moore will be no more in 2020.

The retailer — whose stores are known for their generous coupons and are found primarily east of the Mississippi — is going out of business. The company's announcement suggested the closings would come early in the new year.

"Unfortunately, given the headwinds facing many retailers in today's environment, it made it very difficult for us to operate and compete on a national level," A.C. Moore's CEO Anthony Piperno said, in a statement.

The first store was opened in New Jersey in 1985 by a guy named Jack Parker. Up to 40 of the A.C. Moore locations may reopen as Michaels arts and crafts stores.

5. Office Depot

An Office Depot store
Mike Mozart / Flickr

Stores closing in 2020: Up to 90

You may have to drive farther on your lunch hour for ink cartridges and mailing envelopes.

Seeing greater potential in business-to-business services, Office Depot has announced it will close 90 locations by 2021. That's on top of 55 that have gone dark over the last year.

The office supplies company also owns OfficeMax, so some of those stores are on the chopping block as well.

At its peak in 2006, the retailer’s stock price reached almost $44. It was a mere $2.50 in the third quarter of 2019.

CEO Joe Lower has told investors that the company's stores might account for only 20% of all sales within three years.

6. Bed Bath & Beyond

A Bed Bath and Beyond store location in Eagan, Minnesota.
Tony Webster / Wikimedia Commons

Stores closing in 2020: Up to 60

Bed Bath & Beyonds are behemoths. Some occupy more than 80,000 square feet and display around 300,000 items from floor to ceiling. That’s a lot of bath mats, bed sheets and potholders.

The retailer plans to turn 40 of those stores into empty big boxes by March 2020. Another 20 stores are closing from the other chains BB&B owns, including buybuy BABY and Cost Plus World Market.

As of the end of August 2019, the company had more than 1,500 stores in the U.S. and Canada, including about 1,000 Bed Bath & Beyond locations.

Executives say the goal is to strike a better balance between the retailer's brick-and-mortar trade and its digital presence.

7. Sears

A Sears store going out of business
jasonwoodhead23 / Wikimedia Commons

Stores closing in 2020: 51

Sears is more than 130 years old — and is dying a slow death.

The iconic chain was once the largest retailer in the country, and it played a key role in the rise of shopping malls.

Its innovative mail-order catalogue forever changed the way people shop. The next time you order a rug or a refrigerator, you’ll have Sears to thank.

The company emerged from bankruptcy in 2019, but not looking any stronger. The months since have seen one round of store closings after another. Dozens more locations will be shutting down by February 2020.

The chain's current owner says in a statement that it's "pruning operations that have struggled due to increased competition and other factors."

8. Bose

Tysons, USA - January 26, 2018: Bose closeup store sign entrance shopping in Tyson's Corner Mall in Fairfax, Virginia by Mclean
Kristi Blokhin / Shutterstock

Stores closing in 2020: 50

Bose isn't amped up over having brick-and-mortar retail stores anymore, so the speaker and headphone company is closing all 119 of its outposts in North America, Europe, Japan and Australia.

The Bose website lists 50 stores in the U.S. — which will all be out of business within months.

The first U.S. store opened in 1993 as a place where consumers could test and experience Bose products. “At the time, it was a radical idea, but we focused on what our customers needed, and where they needed it – and we’re doing the same thing now," says Colette Burke, the company's vice president of global sales.

Bose says its customers are increasingly doing their shopping online now.

9. Kmart

A Kmart store holds a going-out-of-business sale in Lancaster, Ohio
dankeck / Wikimedia Commons

Stores closing in 2020: 45

The home of the Blue Light Special first opened under the name Kmart in 1962. The discount chain had almost 2,500 locations worldwide in 1994, but the retailer closed hundreds when it filed for bankruptcy in 2002.

Two years later, Kmart merged with Sears. And that's when things really started going bad.

The lights have steadily been going out at Kmart stores in recent years. Dozens have shut down in 2019. Nearly 50 more will close by February 2020.

And that will leave just 182 Sears and Kmart stores still going. Transformco, the company that now owns the two chains, says the business has faced "a difficult retail environment and other challenges."

10. Christopher & Banks

A Christopher & Banks store in Hillsboro, Oregon.
Steve Morgan / Wikimedia Commons

Stores closing in 2020: Up to 40

Gil Braun opened Braun’s Fashions in Minneapolis in 1956. He said he found the local women "full of life and wisdom" and aimed to provide them with high fashion at affordable prices.

In 2000, Braun’s evolved into the brands Christopher & Banks and CJ Banks. The chain quickly expanded to 500 locations.

But lately, Christopher & Banks has looking at the math. During one quarter in 2018, the company lost $8.8 million, but its online sales increased almost 11%. So, the company is cutting back on stores and shifting resources to its e-commerce business.

The plan is to close 30 to 40 stores by the end of 2020. Meanwhile, the retailer's stock has dropped so low that it has been removed from the New York Stock Exchange.

11. Macy’s

Macy's Auburn Mall store in Auburn, Massachusetts
JJBers / Wikimedia Commons

Stores closing in 2020: 28

It has become a tradition at Macy's that once the holiday decorations come down, the company announces that some of its department stores won't see another Christmas season.

Exactly one week after New Year's Day 2020, the retailer confirmed to multiple media outlets that more than two dozen Macy's stores would be going out of business during the first part of the year.

That's on top of one closing that was announced late in 2019. A landmark location in downtown Seattle is going out of business in February.

The store is in an eight-story building that occupies an entire city block and bears the Macy’s name. Ironically, Amazon currently leases the top six floors of the building. That’s got to hurt.

12. New York & Co.

New York & Co store at Dadeland Mall in Miami
Phillip Pessar / Flickr

Stores closing in 2020: 27

New York & Co. was hoping for more of the usual Black Friday craziness last year.

Instead, the after-Thanksgiving shopping holiday was disappointingly quiet — and a symptom of the problems at the women's fashion and accessories retailer. Shoppers are visiting the chain's stores less often while spending more time on the company's website.

In response, owner RTW Retailwinds is closing 27 of the shops by early February, including 19 New York & Company locations, four Fashion to Figure stores, and four New York & Co. outlet stores.

New York & Co. is known for its collaborations with celebrities, including the actresses Gabrielle Union and Eva Mendes. The company was founded more than 100 years ago as Lerner Shops.

13. CVS

A CVS pharmacy in North Richland Hills, Texas
Smarty9108 / Wikimedia Commons

Stores closing in 2020: 22

CVS intends to close around two dozen of its drugstores in 2020, which is about half the number that shut down in 2019.

You'll still find one on nearly ever corner, because there will be roughly 9,900 remaining CVS locations.

The neighborhood pharmacy and retail chain is focusing on its stores that have MinuteClinics, which offer basic, walk-in medical services. That strategy is right in line with the parent company's name, CVS Health.

About 1,100 stores have the clinics so far. If you need a flu shot, suspect a bladder infection or want to undergo a cholesterol screening, you’re in the right place.

Chief Financial Officer Eva Boratto hopes shuttering underperforming CVS stores will generate "enhanced longer-term performance."

14. Lord & Taylor

Lord & Taylor (Westfarms, West Hartford, Connecticut)
JJBers / Flickr

Stores closing in 2020: 2

Lord & Taylor has been around since 1826. The original store in Manhattan advertised “fashionable dry goods” such as cloaks, shawls, mourning attire, laces and embroideries.

The chain has been withering in recent years and closed its New York City flagship store in January 2019. Le Tote, a fashion rental subscription service out of San Francisco, recently acquired the Lord & Taylor chain from Hudson’s Bay, the owner of Saks Fifth Avenue.

Two L&T locations will shutter in early 2020: at Tysons Corner Center in Virginia and at Palisades Center in suburban New York.

The company has cited economic reasons for the closures and says it will work closely to help laid-off employees through the transition.

15. Bloomingdale's

A Bloomingdale's department store
Robert Stinnett / Flickr

Stores closing in 2020: 1

Luxury department store Bloomingdale's has a lot of history, dating all the way back to its founding in 1861. The chain is now owned by Macy's Inc., and it has remained on the small side over the years.

Now it's even smaller. A store south of Miami — one of only 35 full-line Bloomingdale's locations that were listed on the company's website — closed in mid-January.

The Miami Bloomingdale's opened in 1984, and it was knocked out of business for more than a year after Hurricane Andrew tore through South Florida in 1992.

The store was able to come back from a Category 5 hurricane, but it couldn't survive what has been dubbed the "Retail Apocalypse."

About the Author

Doug Whiteman

Doug Whiteman

Editor-in-Chief

Doug Whiteman is the editor-in-chief of MoneyWise. He has been quoted by The Wall Street Journal, USA Today and CNBC.com and has been interviewed on Fox Business, CBS Radio and the syndicated TV show "First Business."