FGRT tracks store openings and closures for a select group of retailers in the US and the UK.
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 1,509 and the number of store openings is 1,278.
Lands’ End Plans to Open Another Four to Six Stores this Year
Lands’ End is planning to open another four to six stores this year to test and refine a new brick-and-mortar concept. The company will also open between 40 and 60 stores over the next five years, and move away from the locations it runs in Sears stores.
RadioShack Exits Bankruptcy and Plans to Keep up to 28 Stores
RadioShack has exited bankruptcy. The restructured business will exist primarily online and through its dealer network. RadioShack’s operator, General Wireless Operations, decided that the reorganized business operations will consist of e-commerce business, dealer network operations, between zero and 28 brick-and-mortar retail stores and warehouse operations. The company entered Chapter 11 bankruptcy proceedings, for the second time, in March 2017, with about 1,300 stores.
Walmart to Close 63 Sam’s Club Stores
Walmart announced it will close 63 Sam’s Club stores across the US. According to Sam’s Club CEO John Furner, 10 of the affected stores will be turned into e-commerce distribution centers to better serve the growing number of online members.
Neiman Marcus CEO Karen Katz Steps Down
Neiman Marcus has appointed Geoffroy van Raemdonck to succeed Karen Katz as CEO, effective February 12, 2018. Katz will remain on the company’s board of directors.
2018 Major UK Store Openings and Closures
Year to date in the UK, there have been 26 store closure announcements and 325 store opening announcements.