Denver’s retail landscape is facing a rough start to the year, with major players like Walgreens and Macy’s struggling to survive. The rise of online shopping, skyrocketing overhead costs, and shifting consumer habits are pushing many brick-and-mortar stores to the brink. As challenges mount, some have no choice but to close their doors for good.
Highlights
- Different retail outlets across Denver closed in February 2025.
- The primary reasons behind the shutdown have been changing consumer buying patterns and economic changes.
- Some leading retail outlets that have already closed are Macy’s and Walgreens.
The Business that Closed their Doors in February 2025 in Denver
In recent years, people worldwide, including Denver, have shown an inclination towards online shopping. This has forced several brick-and-mortar stores to decide to end their services.
Here are three major retail stores that closed their operations in different corners of Colorado in February 2025:
Big Lots
Big Lots faced economic turbulence during that phase and has not been able to bounce back from it since. Struggling to compete against online shopping, Big Lots went bankrupt and owed almost $3.1 billion.
The furniture giant was also experiencing a sales drop for the same reasons. So, Big Lots closed its stores across the US. The one offering its services in Denver was located at 7475 E Iliff Ave, Denver, CO 80231.
In an official statement, the President of the discount retail chain said, “While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the process.”
Walgreens
A Walgreens Store in Denver closed (Source – Google Reviews)
The hugely successful pharmacy store chain Walgreens is one of the biggest names on the list of retail businesses that closed in Denver in February 2025. Despite decades of experience in the city, the pharmacy retail outlet could not sustain the financial challenges of a turbulent market.
In its official statement, Walgreens emphasized that it faced severe reimbursement and other regulatory pressures regarding its rent, supply, and staffing needs. The pharma outlet’s authorities added, “It is never an easy decision to close a store.”
However, Timothy Wentworth, its CEO, blamed anti-theft measures for the strong decision. Regardless of what led to the outcome, Walgreens’s closing in the following location is completed.
- 3555 Colorado Blvd, Denver, CO 80205, United States
- 6360 E Evans Ave, Denver, CO 80222, United States
Macy’s
Macy’s has been a winner in the fashion retail world for years. However, its recent performance has compelled retail players to shut hundreds of stores nationwide. The decision was made after the company faced faltering sales in its stores, including the one in Denver.
Describing the outlets as ‘underproductive,’ Macy’s claimed to close the doors of its 150 stores to achieve sustainable growth. Its CEO, Tony Spring, stated, “We are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go-forward stores.”
The brand that owns Bloomingdale’s has formally announced its plans to close 66 retail stores throughout the US. The Denver location that recently closed was 8298 Northfield Blvd, Denver, CO 80238.
As the major retail players walk out in the first quarter of 2025, the sector’s success seems doubtful in the coming months.
