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.
H&M announced a transformation plan as sales in the fourth quarter were significantly below the company’s own expectations. The plan includes continued integration of the physical and digital stores, and intensifying the optimization of the H&M brand’s store portfolio—leading to more store closures and fewer openings. H&M will announce its full-year results for 2017 on January 31, 2018.
Department store operator Bon-Ton Stores said it failed to make a $14 million interest payment and has moved into a 30-day grace period with its lender. The retailer announced in November that it would close at least 40 underperforming stores, out of a total of 260 stores, in 2018.