Weekly Store Openings and Closures Tracker #35: Giggle to Close Six Stores; New York & Company to Acquire Fashion to Figure.
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1 December 1, 01 Weekly Store Openings and Closures Tracker #: Giggle to Close Six Stores; New York & Company to Acquire Fashion to Figure FGRT tracks store openings and closures for a select group of retailers in the US and the UK. 1) Year-to-date 01, the number of store closure announcements in the US has increased % year over year, bringing the total number of stores to be closed to,. ) Giggle to close all six stores within the year. ) Everlane to open two physical stores. ) New York & Company to acquire Fashion to Figure. ) Year to date in the UK, there have been 1 store closure announcements from major retailers, significantly lower on a year-over-year basis. The store openings, however, are a slight increase compared to 01. ) Shoon has fallen into administration. Deborah Weinswig Managing Director FGRT deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved. 1
2 December 1, 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? Giggle to Close All Six Stores Within the Year Specialty baby retailer Giggle is going out of business and will close all six stores within the year. The retailer announced at the end of September 01 that it would hold liquidation sales. Giggle has given competition from online sales as the reason for shutting down. Everlane to Open Two Physical Stores Online clothing retailer Everlane is going to open two physical stores, one on December and the other sometime in February. Non-Store Closure News New York & Company to Acquire Fashion to Figure Specialty women s apparel chain New York & Company announced that it has entered into an asset purchase agreement to acquire certain assets of Fashion to Figure, a retailer of plus-size fashions. The deal will see New York & Company pay a cash purchase price of $1. million plus no more than $1.0 million in fees and expenses. New York & Company currently has retail stores. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
3 December 1, 01 Year-to-Date 01 Major US Store Closure Announcements RadioShack Payless Inc rue1 Ascena Retail Sears and Kmart Gymboree The Limited hhgregg GameStop Bebe Stores Inc Wet Seal Crocs Inc. JCPenney Vitamin World BCBG American Apparel Gordmans Stores Inc. Michael Kors Macy s The Children s Place Dollar Tree Aerosoles Gap Staples CVS Aaron s MC Sports Perfumania Alfred Angelo Guess Styles For Less Chico s Book World Lucy Acevewear J.Crew lululemon athleeca Eastern Ouaibers Gander Mountain Benny s True Religion Ralph Lauren Walmart Neiman Marcus Urban Ouaibers Giggle Rothman Furniture Pirch H&M ,0 Total:, announced store closures % year over year ,000 1,00 1,00 1,00 * Some of the figures have been calendarized. FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. The Children s Place will close 00 stores by 00. Ralph Lauren s store closing number was part of the 0-store closure plan announced in June 01. Ascena will close between and stores by July 01, depending on negotiations with landlords. Gap will close 00 stores by 00. Urban Outfitters plans to close eight to nine stores in 01. Vitamin World will close at least 0 stores. J.Crew to close 0 stores by January 01 deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
4 December 1, 01 Year-to-Date 01 Major US Store Opening Announcements Dollar General Dollar Tree Aldi TJX Five Below Ulta Lidl Ross Stores Gap Walmart Sephora Hobby Lobby H&M Dick s Sporeng Goods, Inc. Target Costco Bonobos Macy s Backstage Nordstrom J.Crew Forever 1 (Riley Rose) Rodd & Gunn Abercrombie & Fitch ThredUP Homesense Mackage Outdoor Voices Kohl s Sears and Kmart Fendi Everlane Vimmia , Total:, announced store openings % year over year ,000 1,00 1,00 * Some of the figures have been calendarized. FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Aldi will complete a 00-store expansion by the end of 01. Target is only opening small-format stores. Macy s Backstage will be opened within existing full-line Macy s stores. Rodd & Gunn to open stores by the end of 01. Mackage plans to operate stores across North America in the next five years. Gap will open 0 stores by 00. Costco has opened stores net for the fiscal year ended September 01, and plans to open stores net for fiscal year 01. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
5 December 1, Major US Store Openings and Closures 01 Major US Store Closures Sports Authority Hancock Fabrics Sears and Kmart Men s Warehouse/Jos A. Bank Aeropostale The Children s Place Office Depot Dollar Tree Gap Walgreens Wolverine World Wide Ralph Lauren Staples Chico s FAS American Eagle Kohl s Finish Line Walmart JCPenney J.Crew Total:,1 announced store closures Major US Store Openings Dollar General 00 Dollar Tree TJX Walmart Ulta Ross Stores Dick s Sporeng Goods Sephora H&M Aldi J.Crew Costco Under Armour Target Zara Total:, announced store openings deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
6 December 1, Major UK Store Openings and Closures Shoon Has Fallen Into Administration Footwear retailer Shoon has fallen into administration after failing to find a buyer. The retailer managed to sell two stores and two concessions to The Shoot Shoe Company, but will close the remaining five stores and one concession. Year-to-Date 01 Major UK Store Closure Announcements* Lloyds Pharmacy Store Twenty One Brantano p Stores Argos Greggs Dixons Carphone Jones Bootmaker Linens Direct Budgens Next BrightHouse Pep&Co Jaeger Blue Inc Style Group Brand Stores H&M Ness Clothing M&S Shoon French Conneceon Sainsbury s N Brown Triumph Mothercare Card Factory New Look icandy (icandy Cards and Gips) Joy the Store B&Q Kit and Ace American Eagle HMV Clas Ohlson Debenhams Peter Werth Total: 1 announced store closures % year over year * The chart only shows selected retailers. FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Greggs expects to close 0 0 stores by the end of 01. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
7 December 1, 01 Year-to-Date 01 Major UK Store Opening Announcements* Greggs M&S Smiggle Aldi The Works Lidl Tapi Carpets Ausen Reed B&M Sainsbury s House Iceland Next The Fragrance Store Mountain Warehouse Sports Direct M&Co Shoe Zone Footasylum H&M Primark Dukla Waitrose Pets at Home Honey Birdebe White Stuff River Island Schuh Superdry Argos Boden Ben Sherman Total: announced store openings % year over year * The chart only shows selected retailers. FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Aldi will complete a 00-store expansion by 0. Smiggle will open 00 stores by 01. Lidl will open 0 0 stores by the end of 01. Pets at Home will open five stores in fiscal 01 and stores in fiscal 01. M&Co will open 0 stores by 0. Primark is estimated to open nine stores in the UK in 01 and 11 for the fiscal year ended September 01. Greggs expects to open 10 stores by the end of 01. Footasylum plans to open new stores a year. Marks & Spencer expects to open 0 new Simply Food stores by next year. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
8 December 1, Major UK Store Openings and Closures 01 Major UK Store Closures* BHS Ausen Reed My Local Dixons Carphone Store Twenty One Brantano Tesco Card Factory B&Q Sky Monsoon/Accessorize Beba Living ShoeZone Mothercare Nebo Stores JD Sports M&S American Apparel New Look Argos Laura Ashley WHSmith Next Sainsbury s French Conneceon Banana Republic Morrisons Clas Ohlson Game Ben Sherman Iceland Foods McEwans of Perth Waitrose Oliver Bonas Furniture Barn Total: 1,01 announced store closures * The chart only shows selected retailers. FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
9 December 1, Major UK Store Openings* Phase Eight Card Factory Sainsbury s Tesco B&M WHSmith Lidl TK Maxx Smiggle New Look JD Sports The Range Pep & Co White Stuff Waitrose M&Co Jack Wills WHSmith Next Oliver Bonas Tiger Superdrug Dreams Primark The White Company ScS Food Warehouse by Iceland Habitat Fat Face White Stuff Game Laura Ashley Massimo Dur Zara Ted Baker Argos Total: announced store openings * The chart only shows selected retailers. FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
10 December 1, 01 Deborah Weinswig, CPA Managing Director FGRT New York: 1..0 Hong Kong:.11.1 China: Kiril Popov Senior Analyst John Mercer Senior Analyst Esme Pau, CFA Analyst Simic Chan Senior Research Associate Eva Kubicka Senior Research Associate Hong Kong: nd Floor, Hong Kong Spinners Industrial Building Phase 1& 00 Cheung Sha Wan Road, Kowloon Hong Kong Tel: 00 0 London: - Marylebone Road London, NW1 JQ United Kingdom Tel: (0)0 1 New York: 1 Broadway, 1th Floor New York, NY 01 Tel: 01 FungGlobalRetailTech.com deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
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