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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
Weekly Store Openings and
Closures Tracker #34: Bon-Ton to Close 40
Stores; J.Crew to Close 50 Stores
FGRTtracksstoreopeningsandclosuresforaselectgroupofretailersintheUSandtheUK.
1) Year-to-date2017,thenumberofstoreclosureannouncementsintheUShasincreased224%yearoveryear,bringingthetotalnumberofstorestobeclosedto6,879.
2) TheBon-TonStorestocloseatleast40storesin2018.
3) J.Crewtoclose50storesbyJanuary2018.
4) DollarTreeopened169storesandclosedsixstoresinthefiscalthirdquarter.
5) ShiekhShoesisseekingfinancingtoavoidbankruptcy.
6) YeartodateintheUK,therehavebeen914storeclosureannouncementsfrommajorretailers,significantlyloweronayear-over-yearbasis.The887storeopenings,however,areaslightincreasecomparedto2016.
7) MountainWarehouseopened18newstores.
8) B&MBargainsisontracktoopen43newB&Mstoresinfiscal2018.
Deborah Weinswig
Managing Director FGRT
[email protected] US: 917.655.6790
HK: 852.6119.1779 CN: 86.186.1420.3016
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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
2017MajorUSStoreOpeningsandClosuresFGRThasadedicatedteamtrackingnewsaboutstoreclosuresandopenings,bankruptciesandmanagementchanges.OurWeeklyStoreOpeningsandClosuresTrackerfocusesondepartmentstoresandspecialtyretail,including,butnotlimitedto,softlines,hardlines,consumerelectronicsandfurniture.
WhatIsHappeningthisWeekintheUS? TheBon-TonStorestoCloseatLeast40StoresNextYearDepartmentstorechainTheBon-TonStoreswillcloseatleast40underperformingstores,outoftotal260stores,in2018.Inthecompanysfiscalthirdquarterearningsannouncementearlierthisweek,managementdescribedtheclosuresaspartofasignificantstorerationalizationprogram.
J.CrewtoClose50StoresbyJanuary2018J.Crewexpectstocloseapproximately50storesbyJanuary2018,with39closuresplannedforthefiscalfourthquarterfromNovember2017toJanuary2018.Thecompanyopened10storesduringthefirstthreefiscalquarters.
DollarTreeOpened169StoresandClosedSixStoresintheFiscalThirdQuarterDollarTreeopened169stores,including99DollarTreeand70FamilyDollarstores,andclosedatotalofsixstoresduringthefiscalthirdquarter.Thecompanyopened466storesandclosed59storesforthe39weeksendedonOctober28,2017.
Non-StoreClosureNewsShiekhShoesSeeksFinancingtoAvoidBankruptcySneakersellerShiekhShoesissearchingforfinancingtoavoidbankruptcy.Theretailerhas120storesacross10states.
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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
Year-to-Date 2017 Major US Store Closure Announcements
*Someofthefigureshavebeencalendarized.FGRThascalendarizedtheannouncementsofstoreopenings/closures,whichinvolvesanestimationforsomeretailers.TheChildrensPlacewillclose300storesby2020.RalphLaurensstoreclosingnumberwaspartofthe50-storeclosureplanannouncedinJune2016.Ascenawillclosebetween268and667storesbyJuly2019,dependingonnegotiationswithlandlords.Gapwillclose200storesby2020.UrbanOutfittersplanstocloseeighttoninestoresin2017.VitaminWorldwillcloseatleast50stores.J.Crewtoclose50storesbyJanuary2018Source:Companyreports/FGRT
36681019232731323640404445505560616568707070707474100100100101110120124138160171180190220250
330358
400400
7001,470
0 200 400 600 800 1,000 1,200 1,400 1,600
H&MPirch
RothmanFurnitureUrbanOueifersNeimanMarcus
WalmartRalphLaurenTrueReligion
BennysGanderMountainEasternOueifers
lululemonathleicaJ.Crew
LucyAcivewearBookWorld
ChicosStylesForLess
GuessAlfredAngeloPerfumaniaMCSports
AaronsCVS
StaplesGap
AerosolesDollarTree
TheChildrensPlaceMacys
MichaelKorsGordmansStoresInc.
AmericanApparelBCBG
VitaminWorldJCPenneyCrocsInc.WetSeal
BebeStoresIncGameStophhgregg
TheLimitedGymboree
SearsandKmartAscenaRetail
rue21PaylessIncRadioShack
Total: 6,879 announced store closures
224% year over year
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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
Year-to-Date 2017 Major US Store Opening Announcements
*Someofthefigureshavebeencalendarized.FGRThascalendarizedtheannouncementsofstoreopenings/closures,whichinvolvesanestimationforsomeretailers.Aldiwillcompletea400-storeexpansionbytheendof2018.Targetisonlyopeningsmall-formatstores.MacysBackstagewillbeopenedwithinexistingfull-lineMacysstores.Rodd&Gunntoopen810storesbytheendof2018.Mackageplanstooperate25storesacrossNorthAmericainthenextfiveyears.Gapwillopen270storesby2020.Costcohasopened26storesnetforthefiscalyearendedSeptember2017,andplanstoopen25storesnetforfiscalyear2018.Source:Companyreports/FGRT
1
3
3
4
5
5
5
7
9
10
14
17
19
20
24
32
43
46
60
70
89
90
100
100
100
100
111
400
650
1,285
0 200 400 600 800 1,000 1,200 1,400
Vimmia
Fendi
SearsandKmart
Kohls
Mackage
Homesense
ThredUP
Abercrombie&Fitch
Rodd&Gunn
Forever21(RileyRose)
J.Crew
Nordstrom
MacysBackstage
Bonobos
Costco
Target
DicksSporingGoods,Inc.
H&M
HobbyLobby
Sephora
Walmart
Gap
RossStores
Lidl
Ulta
FiveBelow
TJX
Aldi
DollarTree
DollarGeneral
Total: 3,422 announced store openings
49% year over year
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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
2016MajorUSStoreOpeningsandClosures
2016 Major US Store Closures
Source:Companyreports/FGRT
2016 Major US Store Openings
Source:Companyreports/FGRT
891718182634
485051
6771
92123
142154
233243
255463
0 50 100 150 200 250 300 350 400 450 500
J.CrewJCPenneyWalmart
FinishLineKohls
AmericanEagleChicosFAS
StaplesRalphLauren
WolverineWorldWideWalgreens
GapDollarTree
OfficeDepotTheChildrensPlace
AeropostaleMensWarehouse/JosA.Bank
SearsandKmartHancockFabricsSportsAuthority
10
15
19
19
36
45
53
72
79
93
104
119
146
584
900
0 100 200 300 400 500 600 700 800 900 1000
Zara
Target
UnderArmour
Costco
J.Crew
Aldi
H&M
Sephora
DicksSporingGoods
RossStores
Ulta
Walmart
TJX
DollarTree
DollarGeneral
Total: 2,122 announced store closures
Total: 2,294 announced store openings
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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
2017MajorUKStoreOpeningsandClosures
MountainWarehouseOpened18NewStoresintheFirstHalfoftheFiscalYearOutdoorgoodsspecialistMountainWarehouseopened18newstoresinthesixmonthstoAugust27,10ofwhichwereoverseaslocations.Thecompanyplanstoopen10morestoresbyChristmasthisyear.ChiefExecutiveMarkNealesaidhewantedtohave300UKstoresand300overseasstores,whichisasignificantincreasefromitscurrent200UKstoresand80overseasstores.
B&MBargainsOnTracktoOpen43NewB&MStoresinFiscal2018DiscountretailerB&Misontracktoopengross50newB&MstoresinthefiscalyearendingMarch31,2018,sevenofwhicharerelocations,accordingtothecompanysearningsreport.
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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
Year-to-Date 2017 Major UK Store Closure Announcements*
*Thechartonlyshowsselectedretailers. FGRThascalendarizedtheannouncementsofstoreopenings/closures,whichinvolvesanestimationforsomeretailers.Greggsexpectstoclose4050storesbytheendof2017. Source:Companyreports/FGRT
222233344445556610101217172020
2828
343640454548
6069
122190
0 20 40 60 80 100 120 140 160 180 200
PeterWerthDebenhamsClasOhlson
HMVAmericanEagle
KitandAceB&Q
JoytheStoreiCandy(iCandyCardsandGirs)
NewLookCardFactoryMothercare
TriumphNBrown
SainsburysFrenchConnecion
M&SNessClothing
H&MStyleGroupBrandStores
BlueIncJaeger
Pep&CoBrightHouse
NextBudgens
LinensDirectJonesBootmakerDixonsCarphone
GreggsArgos
99pStoresBrantano
StoreTwentyOneLloydsPharmacy
Total: 914 announced store closures
11% year over year
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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright2017TheFungGroup.Allrightsreserved.
November24,2017
Year-to-Date 2017 Major UK Store Opening Announcements*
*Thechartonlyshowsselectedretailers.FGRThascalendarizedtheannouncementsofstoreopenings/closures,whichinvolvesanestimationforsomeretailers.Aldiwillcompletea300-storeexpansionby2022.Smigglewillopen200storesby2019.Lidlwillopen5060storesbytheendof2017.PetsatHomewillopenfivestoresinfiscal2017and10sto
