Weekly Store Openings and Closures Tracker #33: Vitamin World to Close 124 Stores; Fashion to Figure Files for Bankruptcy
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1 November 1, 01 Weekly Store Openings and Closures Tracker #: Vitamin World to Close 1 Stores; Fashion to Figure Files for Bankruptcy 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,. ) Vitamin World to close 1 stores. ) Belk to close two stores next year. ) The parent company of Fashion to Figure files for Chapter 11 bankruptcy. ) Sears opens new appliance and mattress stores. ) LVMH announces management changes. ) 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. 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 November 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? Vitamin World to Close 1 Stores Vitamin World has increased the number of store closures to 1 and plans to sell the remaining stores to another company. The retailer initially proposed closing 1 of its locations in more than 0 states. The stores slated for closure have been identified as underperforming or unprofitable by company executives. Belk to Close Two Stores Next Year Department store chain Belk is closing two stores next year, in line with the company s strategy to close underperforming stores, refurbish profitable ones and open new locations. Parent Company of Fashion to Figure Files for Chapter 11 Bankruptcy The parent company of plus-size women s retailer Fashion to Figure has filed for Chapter 11 bankruptcy protection. The retailer did not state any immediate impact on its stores nationwide. Sears Opens New Appliance and Mattress Stores This week, Sears announced the opening of two appliance and mattress stores in Camp Hill, Pennsylvania and Honolulu, Hawaii. The first appliance and mattress store was opened in Pharr, Texas in in June. Last week, the retailer said it would close an additional Sears and Kmart stores. Non-Store Closure News LVMH Announces Management Changes LVMH announced that Sidney Toledano would step down as Chairman and CEO of Christian Dior Couture to become the Chairman and CEO of the Fashion Group. He will be replaced by Pietro Beccari, who has been Chief Executive of LVMH s Fendi brand. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
3 November 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 Aerosoles Gap Staples CVS Aaron s MC Sports Perfumania Alfred Angelo Guess Styles For Less Chico s Book World Lucy Acevewear lululemon athleeca Eastern Ouciders Gander Mountain Benny s True Religion Ralph Lauren Walmart Neiman Marcus Urban Ouciders 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. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
4 November 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 Forever 1 (Riley Rose) Rodd & Gunn Abercrombie & Fitch ThredUP Homesense Mackage Kohl s Sears and Kmart Fendi Vimmia , Total:,0 announced store openings 1% 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 November 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 Gap Walgreens Wolverine World Wide Ralph Lauren Staples Chico s FAS American Eagle Kohl s Finish Line Walmart JCPenney Total:,0 announced store closures Major US Store Openings Dollar General Dollar Tree TJX Walmart Ulta Ross Stores Dick s Sporeng Goods Sephora H&M Aldi 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 November 1, Major UK Store Openings and Closures 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 French Conneceon Sainsbury s N Brown Triumph Mothercare Card Factory New Look icandy (icandy Cards and Gins) Joy the Store B&Q Kit and Ace American Eagle HMV Clas Ohlson Debenhams Peter Werth Total: 1 announced store closures 11% 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 November 1, 01 Year-to-Date 01 Major UK Store Opening Announcements* Greggs M&S Smiggle Aldi The Works Lidl Tapi Carpets Ausen Reed Sainsbury s House Iceland Next The Fragrance Store Sports Direct M&Co Shoe Zone Footasylum H&M Primark Dukla Waitrose B&M Pets at Home Honey Birdede 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 year 01 and stores in fiscal year 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 November 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 Beda Living ShoeZone Mothercare Nedo 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. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
9 November 1, 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 ScS Food Warehouse by Iceland Habitat Fat Face White Stuff Game Laura Ashley Massimo Dup Zara Ted Baker Argos Total: announced store openings * The chart only shows selected retailers. deborahweinswig@fung1.com US: 1..0 HK:.11.1 CN: Copyright 01 The Fung Group. All rights reserved.
10 November 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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