Weekly Store Openings and Closures Tracker #29: Target to Open 32 Stores in 2017 and 35 in 2018; Nordstrom Suspends Privatization Talks
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1 October 0, 01 Weekly Store Openings and Closures Tracker #: Target to Open Stores in 01 and in 01; Nordstrom Suspends Privatization Talks Deborah Weinswig Managing Director FGRT US: 1.6. HK: CN: 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 0% year over year, bringing the total number of stores to be closed to 6,11. ) Target is opening new stores in 01 and new stores in 01. ) Vimmia targets to open four stores in three years. ) Nordstrom suspends its plan to go private. ) Year to date in the UK, there have been 66 store closure announcements from major retailers, significantly lower on a year-over-year basis. The 0 store openings, however, are a slight increase compared to ) Footasylum plans new store openings a year, with a target to reach stores. ) Peter Werth to close all brick-and-mortar stores and concessions. deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved. 1
2 October 0, 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? Target Is Opening New Stores in 01 and New Stores in 01 Target is opening new stores in 01, with plans to open new stores in 01. The retailer also plans to accelerate the number of remodeled stores to more than 1,000 by the end of 00 and expand its Restock program nationwide next year. In addition to the 1 stores remodeled in 01, Target plans to fully renovate more than stores in 01, 0 in 01 and in 00. Vimmia Targets to Open Four Stores in Three Years Luxe activewear brand Vimmia opened its first store this month, and plans to open a second store in six to eight months. The retailer targets to open a third store in the next 1 months, followed by a fourth location within the next three years. Nordstrom Suspends Plans to Go Private Nordstrom has suspended active exploration to go private. It intends to continue its efforts after the conclusion of the holiday season, according to a company press release. The company first announced on September 1 that the Nordstrom family was looking to take the company private. deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
3 October 0, 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 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 Acevewear lululemon athleeca Eastern Ou`iaers Gander Mountain Benny s Benny's True Religion Ralph Lauren Walmart Neiman Marcus Urban Ou`iaers Rothman Furniture Pirch Total: 6,11 announced store closures 0% 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 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: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
4 October 0, 01 Year-to-Date 01 Major US Store Opening Announcements Dollar Tree Aldi 00 TJX Five Below Ulta Lidl Ross Stores Gap Walmart Sephora Hobby Lobby 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 Fendi Vimmia Total:,0 announced store openings % year over year Aldi will complete a 00-store expansion by the end of 01. 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. Costco has opened 6 stores net for the fiscal year ended September 01 and plans to open stores net for fiscal year 01. deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
5 October 0, 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 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 016 Major US Store Openings Dollar General Dollar Tree TJX Walmart Ulta Ross Stores Dick s Sporeng Goods Sephora Aldi Costco Under Armour Target Zara Total:, announced store openings ,000 deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
6 October 0, Major UK Store Openings and Closures Footasylum Plans New Store Openings a Year, with a Target to Reach Stores Footwear retailer Footasylum plans to open new stores a year to bring its total store count to from stores currently. The retailer has announced plans to list on the stock market, aiming to fund the growth of the number of stores. Peter Werth to Close all Brick-and-Mortar Stores and Concessions Men s fashion retailer Peter Werth is set to close its two brick-and-mortar stores and all of its concessions. The retailer will continue to operate its own website as well as trading through House of Fraser s website. Year-to-Date 01 Major UK Store Closure Announcements* Brantano p Stores Greggs Dixons Carphone Jones Bootmaker Linens Direct Budgens Next BrightHouse Pep&Co Jaeger Blue Inc Style Group Brand Stores Ness Clothing French Conneceon N Brown Triumph Mothercare Card Factory New Look icandy (icandy Cards and Gios) Joy the Store B&Q Kit and Ace American Eagle Sainsbury s HMV Clas Ohlson Debenhams Argos Peter Werth Total: 66 announced store closures % year over year * The chart only shows selected retailers. Greggs expects to close 0 0 stores by the end of 01. deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved. 6
7 October 0, 01 Year-to-Date 01 Major UK Store Opening Announcements* Greggs Smiggle Aldi The Works Lidl Tapi Carpets Ausen Reed M&S House Iceland Next The Fragrance Store Sports Direct M&Co Shoe Zone Footasylum Primark Dukla Waitrose B&M Pets at Home Honey Birdeae White Stuff River Island Schuh Boden Ben Sherman Total: 0 announced store openings % year over year * The chart only shows selected retailers. FGRT has calendarized the announcements of store openings/closures, which involves estimation for some retailers. Aldi will complete a 00- store expansion by 0. Smiggle will open 00 stores by 01. 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 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. deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
8 October 0, Major UK Store Openings and Closures 016 Major UK Store Closures* BHS Ausen Reed My Local Dixons Carphone Store Twenty One Brantano Tesco Card Factory B&Q Sky Monsoon/Accessorize Beaa Living ShoeZone Mothercare Neao 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: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
9 October 0, 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 Dur Zara Ted Baker Argos Total: announced store openings * The chart only shows selected retailers. deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
10 October 0, 01 Deborah Weinswig, CPA Managing Director FGRT New York: 1.6. Hong Kong: 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 01 Tel: FungGlobalRetailTech.com deborahweinswig@fung1.com US: 1.6. HK: CN: Copyright 01 The Fung Group. All rights reserved.
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