A retroreflective article having at least one valve is disclosed. Each valve may include a channel extending from a first major surface to a second major surface of the retroreflective material, and at least one movable member proximate the channel. The at least one movable member is movable between a closed position and an open position. When in the closed position, the at least one movable member obstructs at least a portion of the channel. A method of making a retroreflective article having at least one valve is also disclosed.