Party City is expected to close its stores next month. (Karen Rynearson/CoStar).

U.S. store closings are expected by some analysts to more than double in 2025 from last year’s total and surpass pandemic figures, driven by liquidations and scaled-back retail footprints.

Following a spike in 2024, store closings will escalate this year to roughly 15,000, according to Coresight Research, a New York-based retail data and consultant firm. Store openings “will remain steady” with about 5,800 debuting nationally this year, Coresight said in a report released Thursday.