Weekly Store Openings and Closures Tracker 2018 #5: Bon-Ton to Close Five More Stores
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1 February, 018 Weekly Store Openings and Closures Tracker 018 #: Bon-Ton to Close Five More Stores FGRT tracks store openings and closures for a select group of retailers in the US and the UK. 1) Year-to-date 018, the number of US store closure announcements stands at 1,77 and the number of store openings is 1,. ) Bon-Ton might close a further two more stores and sell another three. ) Nine West is reportedly close to finalizing a deal that would include a bankruptcy filing with asset sales. ) Revlon President and CEO Fabian Garcia is stepping down. ) Mattress Firm announced that CEO Ken Murphy will step down and Executive Chairman Steve Stagner will take on the additional CEO responsibilities. ) Year to date in the UK, there have been 7 store closure announcements and store opening announcements. Deborah Weinswig Managing Director FGRT deborahweinswig@fung17.com US: HK: CN: deborahweinswig@fung17.com US: HK: CN:
2 February, 018 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, grocery and furniture. 018 Major US Store Openings and Closures Year-to-date 018, the number of US store closure announcements stands at 1,77 and the number of store openings is 1,. What Is Happening this Week in the US? Bon-Ton Outlines Turnaround Plan Amid Restructuring Talks Department store chain Bon-Ton and consulting firm AlixPartners have outlined a turnaround plan to stanch sales losses and create momentum for growth. In addition to the previously announced 0 store closures, the company might close a further two stores and sell another three. Nine West Reportedly Close to Bankruptcy Filing Nine West is prepared to file for Chapter 11 bankruptcy if necessary. The timing will likely be determined by a looming March 1 interest payment. Its bankruptcy entails closing its remaining 1 stores across the country, according to the store locator on the retailer s website. Non-Store-Closure News Revlon CEO Fabian Garcia Stepping Down Revlon President and CEO Fabian Garcia is stepping down to pursue other opportunities after less than two years on the job. Garcia has served as President and CEO since April 01, overseeing the company s reorganization after Revlon acquired Elizabeth Arden later that year. Board member Paul Meister will become Executive Vice Chairman and oversee the day-to-day operations on an interim basis, with Garcia helping with the transition through February. Mattress Firm Taps New CEO Mattress Firm announced that CEO Ken Murphy will step down and Steve Stagner, President and Executive Chairman, will take on the additional CEO responsibilities, effective March 1. According to the company, the move reflects the need for a singular voice of leadership for the company as it navigates the next phase of its growth story. deborahweinswig@fung17.com US: HK: CN:
3 February, 018 Year-to-Date 018 Major US Store Closure Announcements Walgreens Ascena Retail Mafress Firm Toys R Us Sears and Kmart The Children s Place Gap Walmart A gaci Bon-Ton Kiko USA Vera Bradley Camping World J.Crew Target Macy s JCPenney Total: 1,77 announced store closures 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. Ascena will close between 8 and 7 stores by July 01, depending on negotiations with landlords. Gap will close 00 stores by 00. Vera Bradley will close 0 stores by 01. Year-to-Date 018 Major US Store Opening Announcements Dollar General 00 Aldi 00 Gap 0 Walmart 0 Gander Outdoors Untuckit 0 Target Costco Lidl Indochino Lands End Mackage Belk 0 18 Total: 1, announced store openings Everlane ,000 FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. 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 017, and plans to open net stores for fiscal year 018. In June 017, Aldi announced it was aiming for 00 store openings by end-0. deborahweinswig@fung17.com US: HK: CN:
4 February, Major US Store Openings and Closures 017 Major US Store Closures RadioShack Payless rue1 Ascena Retail Sears and Kmart Gymboree The Limited hhgregg GameStop Bebe Stores Wet Seal Crocs JCPenney Vitamin World BCBG American Apparel Gordmans Stores Charming Charlie Michael Kors The Children s Place Dollar Tree Aerosoles Macy s Gap Staples CVS Aaron s MC Sports Perfumania Alfred Angelo Guess Styles For Less Chico s Book World Lucy Acivewear J.Crew lululemon athleica Eastern Ouhifers Gander Mountain Benny s True Religion Ralph Lauren Walmart Neiman Marcus Urban Ouhifers Giggle Rothman Furniture Pirch H&M , Total:, announced store closures ,000 1,00 1,00 1,00 FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung17.com US: HK: CN:
5 February, Major US Store Openings Dollar General Dollar Tree Aldi TJX Five Below Ulta Ross Stores Gap Walmart H&M Sephora Hobby Lobby Lidl Dick s Sporing Goods Target Costco Bonobos Macy s Backstage Nordstrom J.Crew Forever 1 Rodd & Gunn Abercrombie & Fitch Indochino ThredUP Homesense Mackage Outdoor Voices Kohl s Sears and Kmart Fendi Everlane Vimmia ,8 Total:,17 announced store openings ,000 1,00 1,00 FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung17.com US: HK: CN:
6 018 Major UK Store Openings and Closures Year to date in the UK, there have been 7 store closure announcements and store opening announcements. February, 018 This week, Marks & Spencer (M&S) announced its latest phase of closures, naming 1 full-line stores that it expects to shut in the coming months. Our total of M&S full-line store closures is a calendarized full-year estimate based on the company s indicated total closures. Year-to-Date 018 Major UK Store Closure Announcements Monsoon/Accessorize Toys R Us M&S Full-Line Stores Total: 7 announced store closures FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Monsoon Accessorize announced in 01 that it will close 11 stores as leases expire over the next five years. deborahweinswig@fung17.com US: HK: CN:
7 Year-to-Date 018 Major UK Store Opening Announcements February, 018 Greggs 10 Co-op 0 Aldi Smiggle 7 Lidl M&Co 1 M&S Full-Line Stores Pets at Home Total: announced store openings Footasylum 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. Pets at Home will open five stores in fiscal 017 and stores in fiscal 018. 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 1 10 stores this year. deborahweinswig@fung17.com US: HK: CN:
8 February, Major UK Store Openings and Closures 017 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 Gins) Joy the Store B&Q Kit and Ace American Eagle HMV Clas Ohlson Debenhams Peter Werth Total: announced store closures FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung17.com US: HK: CN:
9 February, 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 Birdefe White Stuff River Island Schuh Superdry Argos Boden Ben Sherman Total: 888 announced store openings FGRT has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung17.com US: HK: CN:
10 February, 018 Deborah Weinswig, CPA Managing Director FGRT New York: Hong Kong: China: John Mercer Senior Analyst Charlie Poon Research Associate Hong Kong: nd Floor, Hong Kong Spinners Industrial Building Phase 1& 800 Cheung Sha Wan Road, Kowloon Hong Kong Tel: London: - Marylebone Road London, NW1 JQ United Kingdom New York: 1 Broadway, 18th Floor New York, NY 018 Tel: 8 17 FGRT.com deborahweinswig@fung17.com US: HK: CN:
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