List of Stores Closing in June

Major retailers like Walgreens, Rite Aid, McDonald’s CosMC, and TD Bank locations are all preparing to bid farewell to customers in June.

Why It Matters

Companies close store locations for many reasons. While shifts in consumer shopping behavior and lower demand can cause stores to close, corporations often choose to shutter underperforming locations.

The retail sector faces several challenges in today’s economy. Many shoppers have turned to online platforms, causing companies to reassess their brick-and-mortar presence.

More than 2,500 store closures are planned across the United States this year, according to The Mirror.

What To Know

Closures scheduled for this month include:

• All McDonald’s CosMC locations
• 38 TD Bank locations
• 47 Rite Aid stores
• Walgreens locations

McDonald’s is closing all five of its CosMC locations after launching the small-format stores in 2023. These units specialized in beverages while offering limited food options.

“What started as a belief that McDonald’s had the right to win in the fast-growing beverage space quickly came to life as a multi-location, small-format, beverage-focused concept,” McDonald’s said.

“It allowed us to test new, bold flavors and different technologies and processes – without impacting the existing McDonald’s experience for customers and crew. By creating a learning lab – in a way that only McDonald’s can – the CosMc’s team was able to test and learn in real customer-facing environments, which allowed for greater agility and speed. Quick adds and edits to the menu based on feedback led to more focused choices for our fans as the test continued.”

The chain reported that same-store sales declined 3.6 percent in the first quarter of 2025 compared to the same period in 2024.

“CosMc is just another example of a failed experiment,” Drew Powers, the founder of Illinois-based Powers Financial Group, told Newsweek. “I think they were trying to compete with the likes of Starbucks and Sonic with the beverage-focused drive-thru and drive-in concept, and it simply did not produce enough sales to justify a stand-alone location.”

TD Bank is closing 38 locations, with six of them slated for Massachusetts.

Despite this, TD Bank opened two new locations in New York (Brighton Beach in Brooklyn and Jerome Avenue in the Bronx) and one store in Boston (Nubian Square).

For Rite Aid, 47 stores have been identified across nine states to close as the company navigates a bankruptcy filing. Nearly all of the 1,240 stores will likely be listed for sale eventually, but customers can use gift cards or rewards until June 6.

Walgreens will also be shuttering 1,200 underperforming stores across the span of three years. CEO Tim Wentworth previously said the drugstore chain had closed 2,000 stores over the last decade.

“We are confident it will yield significant financial and consumer benefits over the long term,” Wentworth said.

The company reported a $3 billion loss in the last quarter of fiscal year 2024, an increase from the $180 million loss in the prior year.

June closures include Salinas, California; Jacksonville and Miami, Florida; Chicago, Illinois; Pleasantville, New Jersey; New York City and Syracuse, New York; Durham and Raleigh, North Carolina; Garfield Heights and Reynoldsburg, Ohio; Bremerton, Washington.

Several stores are also closing in West Virginia and Massachusetts.

West Virginia

• Clendenin, Elk River Road N. – June 25
• Follansbee, Main Street – June 11
• Mullens, Moran Avenue – June 23
• New Martinsville, 3rd Street – June 10
• Oceana, Cook Parkway – June 26
• Whitesville, Lewis Street – June 24

Massachusetts

• Brockton, Pleasant Street – June 23
• Fall River, S. Main Street – June 26
• Gloucester, Eastern Avenue – June 23
• Springfield, Boston Road – June 24
• Swansea, Wilbur Avenue – June 23
• Webster, Main Street – June 24
• Worcester, Grafton Street – June 25

“Walgreens kept adding retail locations for too long in the face of increased competition,” Drew Powers, the founder of Illinois-based Powers Financial Group, told Newsweek.

“Foot traffic has slowed for Walgreens as more big-box stores and online outlets added pharmacy services. Add to slower sales the evermore stringent regulations, decreased reimbursements, and increased cost of staff…Although they can weather that storm for a while, the only survival plan is to close more retail locations.”

What People Are Saying

Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: “For some major retailers, 2025 is becoming a year of consolidation. Retail locations that have struggled in recent years to remain profitable due to rising costs and less demand are being shuttered, as companies focus their efforts on more successful stores. The hope is these closures will ultimately produce more fiscal and operational efficiency, but it will come at the cost of customers who favored these locations having fewer options.”

Michael Ryan, a finance expert and the founder of MichaelRyanMoney.com, told Newsweek: “These aren’t random casualties; they’re strategic amputations of unprofitable limbs to save the corporate body…From $15+ minimum wages to supply chain inflation, all crushing their razor-thin margins. Combine this with the march of e-commerce and changing consumer habits post-pandemic, physical retail becomes a luxury many companies can no longer afford.”

Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: “From day one, CosMc’s felt like a misstep, but let’s not forget McDonald’s isn’t just a burger joint; it’s a real estate empire. This was an unfortunate experiment that did not pan out the way they had hoped.”

What Happens Next

Beene called the closures by many of the companies a “smart move.”

“We’ve seen many retailers face bankruptcy before finally scaling back. It’s a good sign these retailers are being more proactive,” Beene said.

However, consumers should expect longer drives to pharmacies and fewer banking branches.

“The companies making these cuts are trimming fat. Convenience now trumps proximity, and efficiency will beat ubiquity every time,” Ryan said.