Weekly Store Openings and Closures Tracker #26: Ascena Retail Reiterates Store Closure Target; Aldi Plans 70. September 29, 2017
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1 FGRT tracks store openings and closures for a select group of retailers in the US and the UK. Weekly Store Openings and Closures Tracker #6: Ascena Retail Reiterates Store Closure Target; Aldi Plans 0 1) Year-to-date 01, the number of store closure announcements has increased 1% year over year, bringing the total number of stores to be closed to 6,1. ) has opened stores net in the US and closed three stores net in the UK, according to the company s nine-month report for 01. ) Year-to-date in the UK, there have been 61 store closure announcements from major retailers, significantly lower on a year-over-year basis. The store openings, however, are a slight increase compared to 016. ) Shoe Zone is opening large-format stores. ) Primark has opened 0 stores across nine countries. Deborah Weinswig Managing Director FGRT deborahweinswig@fung.com US: HK:
2 01 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? Has Opened Stores Net in the US in the First Nine Months of 01 So far this year, has opened 6 stores in the US, while closing three locations. Globally, the company has opened 0 stores on a net basis over the same period. This brings its store portfolio to a total of, stores, according to the company s nine-month report. Ascena Retail s President Says No Change to Store Closure Target On Ascena Retail s earnings call, Brian Lynch, President and COO, said that there is no change to the number of store closures planned by 0. Since the start of the fleet optimization program in January, the company has completed of the anticipated 66 closures. Non Store Closure News Perry Ellis Terminates George Feldenkreis Role as Executive Chairman Perry Ellis eliminated Founder George Feldenkreis role as Executive Chairman and elected David Scheiner to serve as Non-Executive Chairman. Feldenkreis remains a member of the board of directors. These changes are part of a multi-year leadership succession planning process, according to a company press release. Kohl s CEO Kevin Mansell Is Set to Retire Next Year Kohl s CEO Kevin Mansell is set to retire in May 01. The company appointed Michelle Gass, who currently holds the position of Chief Merchandising and Customer Officer, as the company CEO-elect. Gass joined Kohl s in 01 as Chief Customer Officer responsible for marketing and e-commerce. Prior to joining Kohl s, she worked for Starbucks for 1 years in various roles in marketing, products and strategy.
3 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 BCBG American Apparel Gordmans Stores Inc. Michael Kors Macy s The Children s Place Aerosoles Gap Staples CVS Aaron s MC Sports Perfumania Alfred Angelo Guess Vitamin World Chico s Lucy Activewear lululemon athletica Eastern Outfitters Gander Mountain Benny s True Religion Ralph Lauren Neiman Marcus Urban Outfitters Rothman Furniture Pirch Total: 6,1 announced store closures 1% year over year 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 016. Ascena will close between 6 and 66 stores by July 0, 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.
4 Year-to-Date 01 Major US Store Opening Announcements Dollar General Dollar Tree Aldi TJX Five Below Ulta Lidl Ross Stores Gap Sephora Hobby Lobby Walmart Dick s Sporting Goods, Inc. Target Costco Bonobos Macy s Backstage Nordstrom Forever 1 (Riley Rose) Rodd & Gunn Abercrombie & Fitch ThredUP Homesense Mackage Kohl s Fendi ,0 Total:, announced store openings % year over year ,000 1,00 1,00 Aldi will complete a 00-store expansion by the end of 01. Walmart s target of stores includes new, expanded and relocated stores. Target is only opening stores in small format. 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.
5 016 Major US Store Openings and Closures 016 Major US Store Closures Sports Authority Hancock Fabrics Sears and Kmart Men s Warehouse/Jos A. Bank Aeropostale Walmart The Children s Place Office Depot Gap Walgreens Wolverine World Wide Ralph Lauren Staples Chico s FAS American Eagle Kohl s Finish Line JCPenney Total:,1 announced store closures Major US Store Openings Dollar General Dollar Tree TJX Ulta Ross Stores Dick s Sporting Goods Sephora Aldi Costco Under Armour Target Zara Total:, announced store openings ,000
6 01 Major UK Store Openings and Closures What Is Happening this Week in the UK? Shoe Zone Opening Stores Value footwear retailer Shoe Zone is opening large-format stores this year, and plans to open a further such stores in 01. Shoe Zone boss Nick Davis is targeting to open 0 big-box stores over the next few years. Has Closed Three Stores Net in the UK in the First Nine Months of 01 According to company reports, has closed 1 stores in the UK so far this year, while opening nine new locations. Aldi Plans to Open 0 New UK Stores in 01 UK discount supermarket Aldi currently operates 6 stores in the UK, and plans to open a further 0 new stores in the UK in 01 as part of its plans to reach 1,000 by 0. A record stores are planned to open in the final three months of the year. Primark Opens 0 Stores Across Nine Countries Clothing and accessories company Primark has opened 0 new stores across nine countries: 11 stores in the UK; three stores each in Spain, France, the Netherlands, Italy and the US; two in Germany; and one each in Belgium and Ireland. The fourth quarter saw the addition of four stores added in the UK, one in Italy and one in France. River Island Opened Five Stores in August High street fashion brand River Island opened five stores in August, increasing its store portfolio to 0 stores. Company CEO Ben Lewis said the firm is investing in store and category expansion. Next Plc Expects to Close Eight Stores Net in the Year Ended January 01 Next Plc, a clothing, footwear and home products retailer, expects to open 0 stores and close stores in the year ending January 01. 6
7 Year-to-Date 01 Major UK Store Closure Announcements* Store Twenty One Brantano p Stores Dixons Carphone Jones Bootmaker Linens Direct Budgens Next BrightHouse Pep&Co Jaeger Blue Inc Style Group Brand Stores Ness Clothing French Connection N Brown Triumph Mothercare Card Factory New Look icandy (icandy Cards and Gifts) Joy the Store B&Q Kit and Ace American Eagle Sainsbury s HMV Clas Ohlson Debenhams Argos Total: 61 announced store closures 0% year over year * The chart only shows selected retailers.
8 Year-to-Date 01 Major UK Store Opening Announcements* Smiggle 6 Aldi The Works Lidl Tapi Carpets 1 Austin Reed 0 M&S House Iceland Next 0 The Fragrance Store 1 Sports Direct 1 M&Co Shoe Zone Primark 1 Total: announced store openings Dukla Waitrose B&M Pets at Home 11% year over year Honey Birdette White Stuff 6 River Island Schuh Boden Ben Sherman * 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 0. Lidl will open 0 stores by the end of 01. Pets at Home will open five stores in FY01 and stores in FY01. M&Co will open stores by 0. Primark is estimated to open stores in UK in 01 and 11 for the fiscal year ended September 01.
9 016 Major UK Store Openings and Closures 016 Major UK Store Closures* BHS Austin Reed My Local Dixons Carphone Store Twenty One Brantano Tesco Card Factory B&Q Sky Monsoon/Accessorize Betta Living ShoeZone Mothercare Netto Stores JD Sports M&S American Apparel New Look Argos Laura Ashley WHSmith Next Sainsbury s French Connection 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.
10 016 Major UK Store Openings* Phase Eight Card Factory Sainsbury s Tesco B&M WHSmith Lidl TK Maxx Smiggle New Look JD Sports Pep & Co White Stuff Waitrose M&Co Jack Wills WHSmith Next Oliver Bonas Tiger Superdrug Dreams Primark The White Company Food Warehouse by Iceland Habitat Fat Face White Stuff Game Laura Ashley Massimo Dutti Zara Ted Baker Argos Total: announced store openings * The chart only shows selected retailers.
11 Deborah Weinswig, CPA Managing Director FGRT New York: Hong Kong:.61.1 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: London: -6 Marylebone Road London, NW1 6JQ United Kingdom Tel: (0)0 616 New York: 1 Broadway, 1th Floor New York, NY 1 Tel: FungGlobalRetailTech.com 11
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