Thursday, July 18, 2019

Retail store closings expected to set new record in 2019

Coresight estimates 
retail storte closures 
could hit at least 
12,000 stores 
by the end of 4Q19. 

Retail stores
was already 
hit hard 
in 2017 
when a 
record 8,139 
store closures 
were reported

The firm had tracked 
5,864 closings in 2018.




Here is Coresight's 
complete list of 
U.S. retail store closures 
announced so far in 2019:

Payless ShoeSource: 
2,589 
(includes 248 Canada locations 
and 114 smaller-format stores 
in Shopko Hometown locations).

Gymboree/Crazy 8: 749

Dressbarn: 
649.

Charlotte Russe: 
494; 
but the company's new owner 
is also opening new stores.

Shopko: 
371

Charming Charlie: 
261

LifeWay Christian Resources: 
170

Topshop: 
All 11 U.S. stores

Henri Bendel: 
23

E.L.F. Beauty: 
22



Here are more 
announced closures 
that could roll into 2020:

Family Dollar: 
As many as 390 stores

Fred's: 
442;
The company said 
it would close 
another 129 stores 
with going-out-of-business 
sales beginning soon.

Chico's: 74, 
( a total of 250 closures
over the next three years ).

GNC:
233

Gap: 
Roughly 230 in next two years

Walgreens: 
195

Foot Locker: 
165, 
total includes closings 
outside the U.S.

Signet Jewelers: 
The parent company of Kay, Zales 
and Jared said it would close 
another 150 stores.

Pier 1 Imports: 
57, 
but up to 145 could close.

Ascena Retail: 
120

Destination Maternity: 
117

Sears: 
72

Victoria's Secret: 
53

Vera Bradley: 
50

Office Depot: 
50

Kmart: 
48

CVS: 
46

Party City: 
45

Sears Hometown 
and Outlet Stores:
45

The Children's Place: 
Up to 45

Z Gallerie: 
44

DKNY: 
41

Stage Stores: 
40 to 60

Bed Bath & Beyond: 
40

Abercrombie & Fitch: 
40

Francesca's: 
At least 30 stores

Build-A-Bear: 
Up to 30 over two years

Williams-Sonoma: 
30

J.C. Penney: 
27

Bath & Body Works: 
24

Southeastern Grocers: 
22

Saks Off 5th: 
20

Lowe's: 
20

J. Crew: 
20

Macy's: 
8

Nordstrom: 
7

Target: 
6

J.Crew: 
5

Kohl's: 
4

Whole Foods: 
1

Calvin Klein: 
1


Pottery Barn: 
1

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