Here is the definitive guide to the major store closures confirmed for Oregon in 2026.
1. The Downtown Departure: Nordstrom Rack
The Headline: A major loss for the city center. Location Closing: Downtown Portland (2nd Avenue).
The most headline-grabbing retail news for early 2026 is the closure of the Nordstrom Rack in downtown Portland.
- The Details: Following the closure of the full-line Nordstrom at Lloyd Center years ago, the company has now confirmed the exit of its off-price division from the downtown core in January 2026.
- The Impact: This leaves a significant vacancy in the central business district. The company cited the changing economics of the downtown retail environment, mirroring a trend of major brands retreating to suburban power centers like Washington Square and Bridgeport Village.
2. The Pharmacy Fallout: Rite Aid
The Headline: A massive shift leaves towns with fewer options. Locations: Hillsboro, Eugene, Salem, Bend, and Roseburg.
Oregon is one of the states most heavily impacted by the Rite Aid bankruptcy saga, which is continuing its final phases in 2026.
- The Scoop: Dozens of stores across the state have been shuttered or sold. Key closures affecting the 2026 landscape include locations in Eugene (Coburg Rd), Salem (Lancaster Dr), and Roseburg (Garden Valley Blvd).
- The Twist: In a unique move, CVS purchased the prescription files (and in some cases the leases) of several closing Rite Aids. This means your local Rite Aid might not just be empty—it might be turning into a CVS, or your prescription may have been automatically transferred to a CVS miles away.
3. The Mall Transformation: Lloyd Center
The Headline: The "Master Plan" replaces the mall. Location: Portland (Lloyd District).
While Lloyd Center remains open, 2026 marks a turning point where the property is effectively transitioning from a "mall" to a "neighborhood."
- The Status: With the departure of major anchors over the last few years, the focus in 2026 is on the "Master Plan" submitted to the city. This plan calls for demalling large sections of the structure to reconnect the street grid.
- The Future: Expect to see construction fences and "redevelopment" signs rather than new retail tenants. The iconic ice rink remains, but the days of Lloyd Center acting as a regional shopping hub are officially over as it pivots toward housing and open-air community spaces.
4. The Discount Retreat: Big Lots
The Headline: The "clean sweep" hits the Willamette Valley. Locations: Springfield, Bend, and Roseburg.
The bankruptcy restructuring of Big Lots has hit Oregon's suburban and rural hubs hard.
- The Closures: Stores in Springfield (Main St) and Bend (Highway 20) were flagged in recent closure waves.
- The Trend: For many Oregon towns, Big Lots served as a primary furniture and pantry store. These 30,000-square-foot vacancies are now sitting empty in strip malls that are struggling to find replacement tenants of that size.
5. The "Survivor" Update: Macy's
The Headline: Oregon dodges the bullet. Status: No OR closures in the Jan 2026 list.
There is some good news for mall shoppers at Washington Square and Clackamas Town Center. Macy's released its list of 14 store closures for early 2026, and unlike its locations in neighboring California and Washington, Oregon was not on the list.
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The Context: This suggests that the Macy's anchors in the Portland metro area are performing well enough to survive this round of cuts. However, with the company closing its store in nearby Lynnwood, WA, the pressure on regional malls to maintain foot traffic remains high.
What This Means for OR Shoppers
Downtown Shopping: The Nordstrom Rack exit further shifts Portland's "shopping gravity" toward the suburbs. If you want a full day of shopping, Washington Square (Tigard) is now the undisputed king of the region. Prescription Check: If you were a Rite Aid customer in Eugene or Salem, check your prescription status immediately. The transfer to CVS can sometimes result in lost data or insurance delays during the transition period.
