Top Retailer Store Closing Lists
With all the chatter of the economy and retailers and store closings, our buddy at SCREnews, Mike Dodds, MAI, CCIM, gets us linked to the top 10 chains that are closing stores, per an online article from 247wallst.com. Here’s a quick summary (alphabetical order):
Abercrombie & Fitch – 60 stores
Aeropostale – 120 in 2014 and closing another 126 mall outlets in fiscal 2015
Barnes & Noble – doesn’t cite how many, just alot of stores in flux at this company
Family Dollar – pending acquisition by DollarTree could result in 500 FD’s closing
JCPenney – 40 stores in 2015
Macy’s – 14 store closings announced in January 2015
Office Depot – after merging with OfficeMax (2013), to close 400 stores by YE 2016; now talking merger with Staples, and more stores could close as a result
Radio Shack – in flux, with RS’ recent bankruptcy filing; trying to sell 1500-2400 of its 4000 stores to General Wireless and working out a deal with Sprint for some (other) stores
Sears Holdings – closing 235 stores, mostly KMarts, announced in December.
Staples – announced March 2014 it would close 225 underperfoming stores by mid-2015. One retail analyst estimates a merger or Staples/Office Depot could result in 1,000 store closings.