Weekly Store Openings and Closures Tracker 2018 #11: Abercrombie & Fitch to Close 60 Stores, Ross Stores to Add 100

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1 Weekly Store Openings and Closures Tracker 08 #: Abercrombie & Fitch to Close 0 Stores, Ross Stores to Add 0 Deborah Weinswig Founder and CEO Coresight Research deborahweinswig@fung7.com US: 7.. HK: CN: Coresight Research tracks store openings and closures for a select group of retailers in the US and the UK. ) Year-to-date 08, the number of US store closure announcements stands at,0 and the number of store openings is,. ) Abercrombie & Fitch plans to close 0 more stores and open in 08. ) Ross Stores plans to add approximately 0 new stores during the year. ) Toys R Us prepares to liquidate its business, closing all 800 of its stores in the US. ) Casey s General Stores appoints H. Lynn Horak as its new Chairman of the Board. ) Year to date in the UK, there have been store closure announcements and store opening announcements. 7) New Look announced plans to close 0 stores in the UK, along with a further six sites that are sublet to third parties. 8) French Connection plans to close six stores in 08, reducing its store portfolio to around 0 by the end of the new financial year. ) Toys R Us announced plans to wind down all 0 stores in the UK over the next six weeks. deborahweinswig@fung7.com US: 7.. HK: CN:

2 Coresight Research 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. 08 Major US Store Openings and Closures Year-to-date 08, the number of US store closure announcements stands at,0 and the number of store openings is,. What Is Happening this Week in the US? Abercrombie & Fitch Plans to Close 0 More US Stores in 08 This year, Abercrombie & Fitch plans to close up to 0 US stores through lease expirations and to open fullprice stores in the US. The retailer s physical store strategy is increasingly tied up in its e-commerce strategy, including with returns of online orders, a large proportion of which are handled at its physical stores. We look at that as an opportunity to engage our customers. And it s a very important aspect of the way we engage customers, said CFO Scott Lipesky. Gen Y and Gen Z customers have an increasing expectation of being able to engage with the brand on any platform or medium they have at the moment, wherever they are in the world. Ross Stores to Open 0 New Locations In 08 Ross Stores plans to add approximately 0 new stores 7 Ross and dd s Discounts locations during the year. The retailer recently opened Ross Dress for Less and six dd s Discounts stores across different states in February and March. With these recent openings, we continued our growth in both new and existing markets. Our newest market for Ross Dress for Less is Nebraska, and for dd s Discounts, we entered Illinois with two new stores, said Jim Fassio, President and Chief Development Officer. Toys R Us Prepares to Liquidate its Business, Closing all 800 US Stores Toys R Us is in the process of drafting the court motion for its liquidation plan. The retailer could file as soon as the end of Wednesday, making the motion official. The company will then begin to wind down its store network, resulting in the closing of all 800 Toys R Us stores in the US. Non-Store-Closure News Casey s General Stores Names H. Lynn Horak as New Chairman Casey s General Stores has appointed H. Lynn Horak, who has been an Independent Director since 00, as its new Chairman of the Board. Horak is the retired Regional Chairman of Wells Fargo Regional Banking. He held many positions with Wells Fargo Bank beginning in 7, including Executive Vice President and CFO from 8 to 8, President and COO from 8 to, and CEO and Chairman of the Board of Regional Banking for Iowa, Nebraska and Illinois from to November 007. deborahweinswig@fung7.com US: 7.. HK: CN:

3 Year-to-Date 08 Major US Store Closure Announcements Walgreens Ascena Retail Best Buy Magress Firm Toys R Us Foot Locker Sears and Kmart The Children s Place Gap Walmart Abercrombie & Fitch A gaci Bon-Ton Kiko USA Vera Bradley Camping World J.Crew Target Macy s Vitamin Shoppe JCPenney Land of Nod Charloge Olympia Nordstrom The Children s Place will close 00 stores by 00. Ascena will close between 8 and 7 stores by July 0, depending on negotiations with landlords. Gap will close 00 stores by 00. Vera Bradley will close 0 stores by 0. Dollar General Aldi Ross Stores Gap Walmart Gander Outdoors Untuckit Foot Locker Warby Parker Target Costco Lidl Indochino Abercrombie & Fitch Lands End Mackage Vitamin Shoppe Belk Everlane Year-to-Date 08 Major US Store Opening Announcements ,000 Mackage plans to operate stores across North America in the next five years. Gap will open stores by 00. Costco has opened net stores for the fiscal year ended September 07, and plans to open net stores for fiscal year 08. In June 07, Aldi announced it was aiming for 00 store openings by end Total:,0 announced store closures Total:, announced store openings deborahweinswig@fung7.com US: 7.. HK: CN:

4 07 Major US Store Openings and Closures 07 Major US Store Closures RadioShack Payless rue Ascena Retail Sears and Kmart Gymboree The Limited hhgregg GameStop Bebe Stores Wet Seal Crocs JCPenney Vitamin World BCBG American Apparel Michael Kors Charming Charlie GNC Genesco Dollar Tree Aerosoles Macy s Gap Staples CVS Aaron s MC Sports Perfumania Alfred Angelo Guess Styles For Less Chico s Gordmans Stores Book World Lucy Acivewear lululemon athleica J.Crew Abercrombie & Fitch Papaya Clothing Eastern Ouhigers Gander Mountain Benny s True Religion Ralph Lauren The Children s Place Walmart Neiman Marcus Urban Ouhigers Giggle Rothman Furniture Pirch H&M , Total: 7,0 announced store closures ,000,00,00,00 deborahweinswig@fung7.com US: 7.. HK: CN:

5 07 Major US Store Openings Dollar General Dollar Tree Aldi TJX Five Below Ulta Ross Stores Gap Walmart Sephora H&M Hobby Lobby Lidl Dick s Sporing Goods Target Costco Bonobos Macy s Backstage Nordstrom J.Crew Forever Rodd & Gunn Abercrombie & Fitch Indochino ThredUP Homesense Mackage Outdoor Voices Kohl s Sears and Kmart Fendi Everlane Vimmia ,8 Total:,7 announced store openings ,000,00,00 deborahweinswig@fung7.com US: 7.. HK: CN:

6 08 Major UK Store Openings and Closures Year to date in the UK, there have been store closure announcements and store opening announcements. New Look Plans to Close 0 Stores in the UK New Look announced plans to close 0 of its stores in the UK, along with a further six sites that are sublet to third parties. The fashion retailer has instigated a company voluntary arrangement, a form of insolvency aimed at protecting a business from going bust entirely, and is seeking approval from its lenders for a restructuring plan. French Connection Announces Plans to Close Six Stores in 08 French Connection targets to reduce its store portfolio to around 0 full-price French Connection stores by the end of the new financial year. In its earnings result announcement, the retailer revealed plans to close five stores later in the year, in addition to one that is closed already. Toys R Us to Close All 0 Stores in the UK Toys R Us announced that it plans to wind down all 0 of its stores in the UK over the next six weeks, including that have already been closed or about to be closed, although it did not rule out the possibility of bid interest for some of the sites. This process has attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline, said Simon Thomas, joint administrator and a partner at Moorfields, the corporate advisory and restructuring firm. deborahweinswig@fung7.com US: 7.. HK: CN:

7 Year-to-Date 08 Major UK Store Closure Announcements Toys R Us 0 New Look 0 Monsoon/Accessorize 8 M&S Full-Line Stores French Connecion Total: announced store closures Monsoon Accessorize announced in 0 that it will close stores as leases expire over the next five years. Year-to-Date 08 Major UK Store Opening Announcements Greggs 0 Co-op 0 Aldi Smiggle 7 Lidl M&S Simply Food M&Co M&S Full-Line Stores Pets at Home Footasylum Total: announced store openings Aldi will complete a 00-store expansion by 0. Smiggle will open 00 stores by 0. Pets at Home will open five stores in fiscal 07 and stores in fiscal 08. M&Co will open 0 7 stores by 0. Footasylum plans to open 8 new stores a year. Lidl opens 0 0 stores per year. Greggs plans to open net 0 stores this year. deborahweinswig@fung7.com US: 7.. HK: CN:

8 07 Major UK Store Openings and Closures 07 Major UK Store Closures Lloyds Pharmacy Store Twenty One Brantano p Stores Argos Dixons Carphone Greggs Jones Bootmaker Linens Direct Budgens Monsoon/Accessorize Next BrightHouse Pep&Co Jaeger Blue Style Group Brand Stores H&M Ness Clothing M&S Shoon French Connecion 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: announced store closures deborahweinswig@fung7.com US: 7.. HK: CN:

9 07 Major UK Store Openings Greggs M&S Smiggle Aldi The Works Lidl Tapi Carpets Ausin Reed B&M Sainsbury s House Iceland H&M Next The Fragrance Store Mountain Warehouse Sports Direct M&Co Shoe Zone Footasylum Primark Dukla Waitrose Pets at Home Honey Birdege White Stuff River Island Schuh Superdry Argos Boden Ben Sherman French Connecion Total: 887 announced store openings deborahweinswig@fung7.com US: 7.. HK: CN:

10 Deborah Weinswig, CPA Founder & CEO Coresight Research New York: 7.. Hong Kong: China: John Mercer Senior Analyst Charlie Poon Research Associate Hong Kong: nd Floor, Hong Kong Spinners Industrial Building Phase & 800 Cheung Sha Wan Road, Kowloon Hong Kong London: Marylebone Road London, NW JQ United Kingdom New York: Broadway, 8th Floor New York, NY 08 Coresight.com US: 7.. HK: CN: