Apocalypse is coming: retailers will close more 6 100 stores in 2019 - ForumDaily
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Apocalypse is coming: retailers will close more 6 100 stores in 2019 year

In 2019, the trend of closing stores will continue. This year is expected to close more 6 100 stores, writes Business Insider.

Фото: Depositphotos

According to CoStar Group, a commercial real estate company, 2017 of the year retailers closed record 31 million square meters, while 2018 closed 47 square meters of retail space.

“This year we are predicting the same number of retail closures,” said Drew Myers, a senior consultant at CoStar.

According to Business Insider, retailers this year announced the closure of more than 6100 stores.

Below is a list of stores that are planning to close:

Payless ShoeSource: 2 500 Stores

Payless declared bankrupt in February of this year and announced that it plans to close all its 2 500 stores. This could be the largest retail liquidation in history.

Gymboree: 805 stores

Gymboree Group filed for bankruptcy protection in January and announced that they are planning to close more 800 stores. In June, 2017, the company closed about 400 stores.

Charlotte Russe: 520 stores

Charlotte Russe began closing in 94 stores in February of 2019. In March, the company announced that it would liquidate the remaining 416 stores Charlotte Russe and 10 stores Peek Kids.

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Family Dollar: 390 Stores

In March, Dollar Tree announced that it plans to convert Family Dollar’s ​​200 stores to Dollar Tree stores and additionally close the Family Dollar’s ​​390 stores.

Shopko: 371 stores

In January, Shopko filed for bankruptcy and the closure of 251 stores. In March, the company said it was unable to find someone who buys the business and liquidate the remaining 120 stores.

Chico's: 250 stores

In March, women's clothing retailer Chico's announced that in the next three years it would close Chico's 100 stores, Black Market's 90 stores, and Soma's 60 stores.

Фото: Depositphotos

Gap: 230 Stores

Retailer Gap said it would close 230 eponymous stores during the following years due to the fact that brand sales fell by 7% during the holidays.

LifeWay: 170 Stores

In March, LifeWay Christian Resources announced that they plan to close all 170 stores. The Nashville-based company said it would continue selling Bibles, books, baby products, church supplies, Christian music and movies on its website.

Fred's: 159 Stores

In April, Fred's network announced that it would close 159 stores at the end of May.

Performance Bicycle: 102 Store

Parent company Performance Bicycle Advanced Sports Enterprises filed for bankruptcy in November, and then announced that it would close 102 with its stores.

Sears: 70 stores

Sears Holdings, which owns Sears and Kmart stores, filed for bankruptcy in February and plans to close 70 stores.

Destination Maternity: 42-67 Stores

Destination Maternity plans to close 42 to 67 stores in 2019.

Фото: Depositphotos

Victoria's Secret: 53 Store

Victoria's Secret said it will close 53 store this year, citing "performance degradation."

Kmart: 50 Stores

Sears Holdings, which owns Sears and Kmart stores, plans to close Kmart’s 50 stores.

Abercrombie & Fitch: 40 stores

In March, Abercrombie & Fitch announced plans to close up to 40 stores this year. In addition, Abercrombie & Fitch wants to open 40 new stores, including 20 Hollister stores, 15 Abercrombie Kids stores and five Abercrombie stores.

In announcing the closure, the company noted that sales of its Abercrombie brands in the same store fell 2% in the fourth quarter. Most of the stores that Abercrombie & Fitch plans to close are located in the United States, the company said.

Bed Bath & Beyond: 40 stores

In April, Bed Bath & Beyond announced that it plans to close at least 40 stores in 2019, and possibly more. The company also said it will open 15 new stores.

“We plan to open about 15 new stores in fiscal 2019. This process will be offset by the closure of at least 40 stores. That number will rise unless we can negotiate better lease terms,” said Robin D'Elia, the company's chief financial officer.

Christopher & Banks: 30-40 stores

JCPenney: 27 Stores

JCPenney said it will close 27 stores in 2019, including 18 full-service stores and 9 stores for home and furniture products. The network of department stores said that sales in stores fell by 4% in the fourth quarter.

Beauty Brands: 25 stores

The regional network of beauty salons and spas Beauty Brands in December announced that it plans to close 25 stores this year.

Henri Bendel: 23 Store

Henri Bendel, after 123, had closed all his stores.

Lowe's: 20 stores

This year, Lowe's is closing 20 stores in 13 states.

Z Gallerie: 17 stores

Z Gallerie, a company selling household goods and decor, said it plans to close 17 from 76 with its stores as part of a business restructuring.

Фото: Depositphotos

Walmart: 12 Stores

Walmart closes at least 12 US stores in nine states.

Shops include Walmart Supercenters in Lafayette, Louisiana and Dallas, Texas, and Walmart Neighborhood Market stores in Arizona, California, Kansas, South Carolina, Tennessee, Virginia and Washington.

Most stores will be closed on 19 April.

Macy's: 9 stores

Macy's closes stores in Wyoming, Washington, California, New York, Indiana, Massachusetts, Virginia and West Virginia.

J.Crew: 7 stores

J.Crew closes stores in Georgia, South Carolina, Tennessee, Louisiana, California and Canada.

Kohl's: 4 Store

Kohl's closes 4 store this year. All closing stores are located in or near shopping centers.

Nordstrom: 3 Store

Nordstrom closes stores in Florida, Virginia and Rhode Island.

Read also on ForumDaily:

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In 2019, retailers will open more 2000 new stores in the USA

Apocalypse in retail: 2019 stores closed in three months of 4

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