Weekly Store Openings and Closures Tracker #37: Charming Charlie to Close 100 Stores; Dollar General to Open 900 Stores

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KEY POINTS

FGRT tracks store openings and closures for a select group of retailers in the US and the UK.

  • Year-to-date 2017, the number of store closure announcements in the US has increased 229% year over year, bringing the total number of stores to be closed to 6,985.
  • Charming Charlie files for bankruptcy and plans to close 100 stores by the end of the year.
  • Dollar General announces plans to open 900 new stores in 2018.
  • Gander Mountain emerges from bankruptcy and rebrands as Gander Outdoors.
  • Year to date in the UK, there have been 921 store closure announcements from major retailers, significantly lower on a year-over-year basis. The 887 store openings, however, are a slight increase compared to 2016.

2017 Major US Store Openings and Closures

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.

What Is Happening this Week in the US? 

Charming Charlie Files for Bankruptcy and Plans to Close 100 Stores

Women’s apparel and accessories retailer Charming Charlie filed for Chapter 11 bankruptcy on December 11 and plans to close 100 of its 370-plus stores by the end of the year. Last week, the retailer had announced a new back-to-basics strategy, which included closing an unspecified number of underperforming stores in the US.

Dollar General to Open 900 New Stores in 2018

Dollar General announced plans for approximately 2,000 real estate projects, including 900 new stores, 1,000 store remodels and 100 store relocations. Management believes that investing in the business through high-return new store growth is the best use of company capital, according to a company press release.

Gander Mountain Emerges from Bankruptcy and Rebrands as Gander Outdoors

Under the ownership of Camping World, Gander Mountain has emerged from bankruptcy and rebranded itself as Gander Outdoors. The retailer plans to open 15–20 stores by the end of the first quarter of 2018 and an additional 40 stores during the second and third quarters of 2018.

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2016 Major US Store Openings and Closures

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2017 Major UK Store Openings and Closures

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2016 Major UK Store Openings and Closures

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