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 and furniture.
RadioShack Cleared to Exit Bankruptcy and Close Around 1,470 stores
Electronics retailer RadioShack received approval from the US Bankruptcy Court for its Chapter 11 reorganization plan, which entails restructuring to exist primarily online and through its dealer network. The company has closed all but 30 of its 1,500 retail locations.
Book World to Close All 45 Stores
Bookstore chain Book World announced it will close all 45 of its stores in the US by January 15, 2018. The company said the “national shift in the retail marketplace towards e-commerce” is the main reason for its decision to close its stores.
True Religion Exits Bankruptcy
Jeans maker True Religion has emerged from Chapter 11 bankruptcy, according to a company press release. True Religion’s reorganization plan allows the company to greatly deleverage its balance sheet, reducing its term loans from $471 million to $113.5 million and extending its debt maturities to 2022.