FGRT has a dedicated team tracking news about store closures and openings, bankruptcies and management changes. Our Weekly Store Openings and Closures Tracker focuses on department stores and specialty retail, including, but not limited to, softlines, hardlines, consumer electronics, grocery and furniture. 2018 Major US Store Openings and Closures Year-to-date 2018, the number of US store closure announcements stands at 1,773 and the number of store openings is 1,510.

What Is Happening this Week in the US?

Bon-Ton Outlines Turnaround Plan Amid Restructuring Talks Department store chain Bon-Ton and consulting firm AlixPartners have outlined a turnaround plan to stanch sales losses and create momentum for growth. In addition to the previously announced 40 store closures, the company might close a further two stores and sell another three. Nine West Reportedly Close to Bankruptcy Filing Nine West is prepared to file for Chapter 11 bankruptcy if necessary. The timing will likely be determined by a looming March 15 interest payment. Its bankruptcy entails closing its remaining 16 stores across the country, according to the store locator on the retailer’s website.

Non-Store-Closure News

Revlon CEO Fabian Garcia Stepping Down Revlon President and CEO Fabian Garcia is stepping down to “pursue other opportunities” after less than two years on the job. Garcia has served as President and CEO since April 2016, overseeing the company’s reorganization after Revlon acquired Elizabeth Arden later that year. Board member Paul Meister will become Executive Vice Chairman and oversee the day-to-day operations on an interim basis, with Garcia helping with the transition through February. Mattress Firm Taps New CEO Mattress Firm announced that CEO Ken Murphy will step down and Steve Stagner​, President and Executive Chairman, will take on the additional CEO responsibilities, effective March 1. According to the company, the move “reflects the need for a singular voice of leadership for the company as it navigates the next phase of its growth story.” [caption id="attachment_84825" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. The Children’s Place will close 300 stores by 2020. Ascena will close between 268 and 667 stores by July 2019, depending on negotiations with landlords. Gap will close 200 stores by 2020. Vera Bradley will close 50 stores by 2021.
Source: Company reports/FGRT[/caption]   [caption id="attachment_84826" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Mackage plans to operate 25 stores across North America in the next five years. Gap will open 270 stores by 2020. Costco has opened net 26 stores for the fiscal year ended September 2017, and plans to open net 25 stores for fiscal year 2018. In June 2017, Aldi announced it was aiming for 900 store openings by end-2022.
Source: Company reports/FGRT[/caption]   2017 Major US Store Openings and Closures [caption id="attachment_84827" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers.
Source: Company reports/FGRT[/caption]   [caption id="attachment_84828" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers.
Source: Company reports/FGRT[/caption]   2018 Major UK Store Openings and Closures Year to date in the UK, there have been 76 store closure announcements and 455 store opening announcements. This week, Marks & Spencer (M&S) announced its latest phase of closures, naming 14 full-line stores that it expects to shut in the coming months. Our total of 22 M&S full-line store closures is a calendarized full-year estimate based on the company’s indicated total closures. [caption id="attachment_84829" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Monsoon Accessorize announced in 2016 that it will close 141 stores as leases expire over the next five years.
Source: Company reports/FGRT[/caption]   [caption id="attachment_84830" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Aldi will complete a 300-store expansion by 2022. Smiggle will open 200 stores by 2019. Pets at Home will open five stores in fiscal 2017 and 10 stores in fiscal 2018. M&Co will open 60–75 stores by 2022. Footasylum plans to open 8–10 new stores a year. Lidl opens 50–60 stores per year. Greggs plans to open net 110–130 stores this year.
Source: Company reports/FGRT[/caption]   2017 Major UK Store Openings and Closures [caption id="attachment_84831" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers.
Source: Company reports/FGRT[/caption]   [caption id="attachment_84832" align="aligncenter" width="720"] FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers.
Source: Company reports/FGRT[/caption]