#23: Kirkland’s
How Many Stores Closing: ~25
Current Value of the Business: ~$37 million*
Kirkland’s has announced plans to close roughly 25 underperforming stores as part of an ongoing effort to stabilize the home décor retailer’s finances. The closures follow several years of weak sales, leadership turnover, and attempts to reposition the brand amid a challenging retail environment.

Company executives say the move is aimed at reducing costs and improving cash flow while the retailer focuses on e-commerce and stronger-performing locations. Kirkland’s has acknowledged that persistent inflation and softer discretionary spending have continued to pressure results.
