8 Retailers Announced Significant Store Closings in 2016

According to a Bankrate.com posting by Sarah Berger, the following 8 chains announced significant store closings this year.

WalMart (January) – 154 in US (269 worldwide)
Sports Authority (March) – 450 stores (all)
Kmart/Sears (April) – 78 stores (68 KM’s and 10 Sears)
Macy’s (?) – 100 stores
Ralph Lauren (June) – 50 stores
Office Depot (August) – 400 + 300 in next 3 years
Aeropostale (May) – 113 stores (plus all 41 of its Canadian stores)
JCPenney (January) – 7 stores (shuttered 33 in 2014 and 40 in 2015)

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on November 8, 2016, in General CRE News/Reports, Shopping Centers/Retailers, Uncategorized. Bookmark the permalink. Leave a comment.

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