39 networks that close stores in the US in 2019 year

Dressbarn, CVS, Pier 1, Gap and other chains announced they would close about 7000 stores in the first half of 2019, more than they closed in all of 2018. Coresight Research predicts the number could reach 12 by the end of the year.

Фото: Depositphotos

39 Nordstrom

Closing stores in 2019: 4

The company invested money in its discount stores Nordstrom Rack and in its department stores took places for online orders. But this effort was not enough.

With the fall in profits, Nordstrom has closed three stores this year and says that there will not be a fourth one by August. The one at Seattle's suburban mall has been in business for almost 60 years.

38. Macy's

Closing stores in 2019: 4

Macy's almost traditionally announce the closure of stores as soon as the holiday season ends. But this time Macy's has broken the tradition.

In November, the company announced that a department store in a New York suburb would close at the start of 2019. Later, several others also closed. CFO Paula Price told analysts that by mid-May, a total of four stores were closed. Analyst Neil Sauders from Global Data Retail says Macy needs to continue to close places “where return on investment is impossible.”

37 Target

Closing stores in 2019: 6

Even the popular and fashionable Target is losing money. But don't worry, Target fans—you'll still have plenty of places to use your REDcard. The retailer planned to open about 20 new stores this year, mostly small stores.

36. Kohl's

Closing stores in 2019: 8

Revenues from Kohl's 2018 Christmas season were not as good as expected, which led to the closure of four loss-making stores earlier this year. Since then, the company has announced the closure of all four of its discount stores Off / Aisle.

But a spokesman says the closure will be offset by opening four new stores, although they will be smaller in size.

35. Lord & Taylor

Closing stores in 2019: 9

America’s oldest department store company (built in 1826) closed its famous flagship store on Fifth Avenue in New York.

The New York store existed for more than a century and was the first to set up animated windows for Christmas.

34. Topshop

Closing stores in 2019: 11

Topshop, a British fashion chain, received a stellar welcome when it invaded America in 2009. Celebrities, including rapper Jay-Z and supermodel Kate Moss, celebrated the opening of the first store in the United States in New York.

Now, after just 10 years, Topshop closes all its stores in cities such as Chicago, Los Angeles, Houston, Miami and San Diego.

33 Walmart

Closing stores in 2019: 17

Walmart avoids any official closing announcements.

32. Z gallerie

Closing stores in 2019: 17

Z Gallerie, an upscale furniture store, is one of several retailers who declare bankruptcy in 2019, although the network hopes to find a buyer who can keep the company in business.

At the moment, it closes about a fifth of the 76 of its stores in the 28 states.

Фото: Depositphotos

31. J. Crew

Closing stores in 2019: 20

Many malls are dying, which is a major problem for the chains that rely on them, like J. Crew.

30. Winn-Dixie Southeastern Grocers

Closing stores in 2019: 22

Southeastern Grocers closes about two dozen stores in less than a year after the company went bankrupt and closed almost 100 of its stores.

29. JC Penney

Closing stores in 2019: 27

JC Penney has a lot in common with Sears: both were founded at the beginning of the 20 of the 20th century, both are shopping centers in the American shopping malls, both had a big business related to catalogs.

And now Penney is fighting for his life, like Sears.

28. Christopher & Banks

Closing stores in 2019: 40

A lot went wrong for the women's clothing store Christopher & Banks, which decided to close 30 to 40 of its more than 450 stores over the next two and a half years.

Executives say that in 2018, the company acquired more clothes for spring and summer than it could sell. Then, due to delays in delivery, it was difficult to place new products on racks.

27. Abercrombie & Fitch

Closing stores in 2019: before 40

The retailer of fashion for teens and young people hopes to return, reducing its size.

26. Francesca's

Closing stores in 2019: before 40

Francesca's is a women's clothing and accessories chain that is having trouble attracting customers. “Pedestrian traffic” to stores has decreased, as have sales.

25. Bed Bath & Beyond

Closing stores in 2019: 40

A popular home improvement retailer plans to close 40 with its stores in 2019, and, according to executives, their number may increase if landlords do not offer the company more favorable lease terms.

24. The children's place

Closing stores in 2019: before 45

If you are used to buying clothes for children at The Children's Place, keep in mind that your store may disappear by next school shopping season.

Over the past few years, the retailer has worked to close 2020 stores by the year of 300.

23. Party city

Closing stores in 2019: 45

Party City has announced the closure of approximately 45 outlets from approximately 870 convenience stores. The company's financial results declined slightly due to the lack of helium for its balloons. A deal signed with a new helium supplier should help stores recover.

Фото: Depositphotos

22. CVS

Closing stores in 2019: 46

Pharmacy giant CVS Health closed almost 50 of its stores in April.

The company says stores in 16 US states were "underperforming." They made up just a few percent of the roughly 9600 CVS pharmacies nationwide.

21. Kmarts

Closing stores in 2019: 48

Target, Kmart and Walmart opened their first stores in 1962 and were known as the “big three” discount retailers. But soon there can be only two.

It seems that Kmart is moving towards full closure.

20. Lowe's

Closing stores in 2019: 51

CEO Marvin Ellison said in a statement that the reduction is only part of “building a stronger business.”

19. Victoria's secret

Closing stores in 2019: 53

Analysts say that instead of the styles offered by Victoria's Secret, women are more interested in underwear, comfortable and made for all body types.

The retailer plans to close more 50 stores. According to Bloomberg, it is more than three times more than usual.

Фото: Depositphotos

18 The Office

Closing stores in 2019: 59

The retailer said it will close its Office Depot and OfficeMax stores around 60 this year. Over the past three years, the network has closed a total of about 300 stores.

17. Destination Maternity

З2019 store closure: before 67

There is nothing surprising: many expectant mothers prefer to shop without leaving home, and not go after them to the mall.

The company announced the closure of up to 280 stores over the next four years, including 67 during the 2019 fiscal year, which begins in July. The retailer wants to sell more of their maternity clothes online.

16. Sears

Closing stores in 2019: 72

In 2019, more than 70 department stores will cease operations, including Sears at Mall of America in Minnesota, the largest mall in the United States.

15. Performance Bicycle

Closing stores in 2019: 102

The operator of Performance Bicycle stores in 20 states from coast to coast conducts liquidation sales in all its 102 stores.

Executives say the company is bogged down in debt and is struggling with higher costs due to the tariffs imposed as part of the ongoing trade war.

14. Pier 1

Closing stores in 2019: before 145

The network reports that 2018 closed the year with a dismal holiday shopping season in which sales fell by 13,7% from a year earlier. Retail Dive has identified Pier 1 as one of a dozen retailers who may be on the path to bankruptcy in 2019.

Фото: Depositphotos

13. Jared: Galleria of Jewelry

Closing stores in 2019: 150

The company did not have a very successful holiday sales season of 2018, and it closes 150 stores as part of a three-year plan, which should close more than 3500 locations around the world.

12 Starbucks

Closing stores in 2019: 150

Starbucks coffee shops are in the making. You can assume that Starbucks knows how to grow and open new stores.

No, they sometimes close them. And the number of stores that are expected to go bankrupt in 2019 will be three times more than usual. Starbucks typically closes 50 stores annually, but this year may close 150.

The company says it is eliminating weaker coffee shops in saturated markets, but will open new ones in places where there aren't many Starbucks coffee shops.

11. LifeWay Christian Stores

Closing stores in 2019: 170

LifeWay Christian Stores announced the closure of its entire network of religious bookstores in the 30 states, from Pennsylvania to California.

The company claims that sales and traffic volumes at its main locations are declining. According to Lifeway, the online audience is growing fivefold, so now it will move even more resources to its online business.

10. Things remembered

Closing stores in 2019: more than 200

Things Remembered is a store where you can get just about anything engraved, embroidered, and personalized: jewelry, keychains, robes, oven mitts, door knockers, flasks, piggy banks, paperweights, and on and on.

Reuters reports that the network closes more than half of its approximately 400 stores.

9. Gap

Closing stores in 2019: before 230

Gap was once the coolest store in the mall, a place to buy t-shirts, khaki, sweatpants and jeans.

But it was a long time ago. Currently, young shoppers are not thinking of getting into the Gap, but instead finding more fashionable and more affordable clothing at Target or fast fashion chains like H&M.

Thus, Gap plans to close about 230 stores within two years.

8. Chico

Closing stores in 2019: first low 250

Chico's cannot defeat Amazon, and therefore closes its stores. Now he sells his products in the online store and QVC.

7. Fred's

Closing stores in 2019: 312

Fred's hoped to become a giant in the pharmacy business. When Walgreens and Rite Aid tried to unite last year, Fred's offered to buy hundreds of stores. But the merger of Walgreens-Rite Aid did not happen.

6. Shopko

Closing stores in 2019: 363

After the bankruptcy of the company in January, the retailer decided to close all of its stores by mid-June.

Фото: Depositphotos

5. Family dollar

Closing stores in 2019: 390

Family Dollar at one time competed for other retailers, but now they are also experiencing difficulties.

As a result, up to 390 Family Dollar locations will close this year and another 200 will be converted into Dollar Tree stores.

4. Charlotte russe

Closing stores in 2019: 512

Charlotte Russe, a women's clothing chain that has been around since the mid-1970s, filed for bankruptcy in February and initially said it would close about one-fifth of its more than 500 stores.

But the retailer’s website states that all stores will be closed.

3. Dressbarn

Closing stores in 2019: 650

After nearly 60 years in business, the Dressbarn women's clothing store is fully closed.

2. Gymboree

Closing stores in 2019: 800

The network that sells clothes for children and babies went bankrupt in 2017. She will close all her 800 stores, Gymboree and Crazy 8.

1. Payless ShoeSource

Closing stores in 2019: 2100

For several generations, Payless made it possible to buy inexpensive shoes. But even Payless had problems with online competition. Now the network closes its latest 2 100 stores in the US and Puerto Rico and goes out of business.

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