Weekly Store Openings and Closures Tracker 08 #: Hudson s Bay Co. to Close Lord & Taylor Stores Coresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as well as major US store bankruptcies. ) Year-to-date 08, the number of US store closure announcements stands at, and the number of store openings is,88. ) Shoe Carnival announced it would close up to stores in 08. ) Hudson s Bay Co. plans to close Lord & Taylor stores by the end of 0. ) Walmart announced it would divest 80% of its Brazil operations. ) Year to date in the UK, there have been 80 store closure announcements and store opening announcements. ) House of Fraser has confirmed plans for a Company Voluntary Arrangement that would see it close of its UK stores by early 0. Deborah Weinswig CEO and Founder Coresight Research deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0 deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
Coresight Research tracks 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, and the number of store openings is,88. What Is Happening this Week in the US? Shoe Carnival to Close 0 Stores in 08 Family footwear retailer Shoe Carnival announced it would close 0 stores and open three stores in 08, despite an increase in profits. The retailer did not specify which stores would be closed. Last year, the company closed stores and opened new stores. Hudson s Bay Co. to Close Lord & Taylor Stores by the End of 0 Canadian retail group Hudson s Bay Co. (HBC) plans to close up to Lord & Taylor stores through 0, including the iconic flagship on Fifth Avenue in Manhattan. When the retailer agreed to sell the building on Fifth Avenue to shared-work space company WeWork for US$80 million in October 07, it had planned to keep a Lord & Taylor presence in the building. Management noted that it is increasing its focus on Lord & Taylor s digital business as it optimizes and decreases the banner s brick-and-mortar footprint. Coresight Research estimates three stores will be closed in 08 and seven in 0. Non-Store-Closure News Walmart to Divest Its Brazil Operations Walmart announced it would sell an 80% stake in its Brazil operation to private-equity firm Advent International. The transaction is expected to close later this year, subject to regulatory approval in Brazil. Last year, Walmart was reportedly mulling whether to ramp up its operations in Brazil to invigorate sales with a $0 million investment over three years. deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
Year-to-Date 08 Major US Store Closure Announcements Toys R Us Walgreens Sears and Kmart Ascena Retail Bon-Ton Best Buy Signet Jewelers Mattress Firm GNC Claire s Foot Locker The Children s Place Southeastern Grocers Aaron Brothers Nine West Gap Walmart Abercrombie & Fitch A gaci Shoe Carnival Kiko USA Vera Bradley Camping World J.Crew Target Macy s Vitamin Shoppe JCPenney Land of Nod Island Pacific Charlotte Olympia Lord & Taylor Nordstrom 0 7 0 7 8 7 0 0 00 00 00 00 88 Total:, announced store closures 0 0 00 00 00 00 00 0 800 00,000 Coresight Research 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 0, depending on negotiations with landlords. Gap will close 00 stores by 00. Vera Bradley will close 0 stores by 0. deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
Year-to-Date 08 Major US Store Opening Announcements Dollar General Aldi Five Below Ross Stores Gap Walmart Gander Outdoors Old Navy Untuckit Foot Locker Warby Parker Target Costco Lidl Indochino Abercrombie & Fitch Lands End Mackage Vitamin Shoppe Belk Everlane 0 0 0 0 0 0 0 8 00 Coresight Research 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 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-0. Year-to-Date 08 Major US Store Bankruptcies 00 Total:,88 announced store openings 0 00 00 00 800,000 Month Announced Company Month Announced Company Jan A GACI Mar Claire s Jan Kiko USA Mar The Walking Company Feb Bon-Ton May The Rockport Group Feb Tops Friendly Markets Feb Charlotte Olympia Mar Southeastern Grocers deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
07 Major US Store Openings and 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 Activewear lululemon athletica J.Crew Abercrombie & Fitch Papaya Clothing Eastern Outfitters Gander Mountain Benny s True Religion Ralph Lauren The Children s Place Walmart Neiman Marcus Urban Outfitters Giggle Rothman Furniture Pirch H&M 0 0 0 80 7 8 8 0 7 0 8 7 7 8 0 0 8 0 0 7 7 8 07 Major US Store Closures 00 00 8 0 0, Total: 7,0 announced store closures 0 00 00 00 800,000,00,00,00 Coresight Research has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
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 Sporting 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 0 0 0 8 0 8 0 7 0,8 Total:,7 announced store openings 0 00 00 00 800,000,00,00 Coresight Research has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
07 Major US Store Bankruptcies Month Announced Company Month Announced Company Jan Wet Seal Jun Gymboree Jan American Apparel Jun Cornerstone Apparel Jan The Limited Jul Alfred Angelo Feb Eastern Outfitters Jul True Religion Feb MC Sports Aug Perfumania Mar BCBG Sep Aerosoles Mar RadioShack Sep Toys R Us Mar Gordmans Stores Nov Shiekh Shoes Mar HHGregg Dec NCIX Mar Vanity Dec Charming Charlie Apr Payless ShoeSource May Rue deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0 7
08 Major UK Store Openings and Closures Year to date in the UK, there have been 80 store closure announcements and store opening announcements. Maplin to Shutter the Last of its Stores by July In the UK, bankrupt electronics retailer Maplin has not officially announced the closure of all of its stores, but according to sources familiar with the situation, the company will shutter the last of its stores by July. Meanwhile, Buy It Direct, which operates online brands including Laptops Direct, Direct TVs, Appliances Direct and Furniture made a bid to buy the collapsed retailer. Seeing value in the brand, Nick Glynne, Managing Director of Buy It Direct, said the company plans to set up a new Maplin-branded website to sell products in the gap between PC World and Amazon to sell these products in a jargon-free way. As we go to press, House of Fraser has confirmed plans for a Company Voluntary Arrangement that would see it close of its UK stores by early 0. House of Fraser will seek approval from its creditors for the plan on June. Year-to-Date 08 Major UK Store Closure Announcements Maplin Poundworld Toys R Us Carpetright Dixons Carphone New Look Mothercare East Monsoon/Accessorize M&S Full-Line Stores Argos French Connection Dunnes Stores Tesco Sainsbury s B&M 0 0 8 7 0 0 0 0 00 0 Total: 80 announced store closures Coresight Research has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. Monsoon Accessorize announced in 0 that it will close stores as leases expire over the next five years. deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0 8
Greggs Co-op Aldi Smiggle B&M Lidl M&S Simply Food House Hema Heron Foods M&Co M&S Full-Line Stores Pets at Home Footasylum Sainsbury s Tesco Year-to-Date 08 Major UK Store Opening Announcements 8 7 7 7 0 Total: announced store openings 0 0 0 0 80 0 Coresight Research 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. 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: 8..77 CN: 8.8..0
07 Major UK Store Openings and Closures Lloyds Pharmacy Store Twenty One Brantano Argos p Stores Dixons Carphone Greggs Jones Bootmaker Linens Direct Budgens Monsoon/Accessorize Next BrightHouse Tesco Pep&Co Jaeger Blue Style Group Brand Stores Sainsbury s H&M Ness Clothing M&S Shoon French Connection B&M N Brown Triumph Mothercare Card Factory New Look icandy (icandy Cards and Gifts) Joy the Store B&Q Kit and Ace American Eagle HMV Clas Ohlson Debenhams Peter Werth 07 Major UK Store Closures 0 8 8 8 0 0 0 7 7 7 7 0 0 Total: announced store closures 0 0 0 0 80 0 80 00 Coresight Research has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
07 Major UK Store Openings Greggs M&S Smiggle Aldi The Works Lidl Tapi Carpets Austin Reed B&M Sainsbury s Tesco House Iceland H&M Next The Fragrance Store Mountain Warehouse Sports Direct M&Co Shoe Zone Footasylum Primark Dukla Waitrose Pets at Home Honey Birdette White Stuff River Island Schuh Superdry Boden Ben Sherman Argos French Connection 0 0 7 7 7 0 0 0 7 0 0 0 0 80 0 8 Total: 08 announced store openings Coresight Research has calendarized the announcements of store openings/closures, which involves an estimation for some retailers. deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0
Deborah Weinswig, CPA CEO and Founder Coresight Research New York: 7.. Hong Kong: 8..77 China: 8.8..0 deborahweinswig@fung7.com John Mercer Senior Analyst Charlie Poon Research Associate Hong Kong: /F, Lifung Tower, 888 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 deborahweinswig@fung7.com US: 7.. HK: 8..77 CN: 8.8..0