The staggering rate of store closures that has rocked the retail industry over the last couple of years is expected to continue in 2019, with roughly the same level of closures expected this year.

Retailers closed a record-breaking 102 million square feet of store space in 2017, then smashed that record in 2018 by closing another 155 million square feet of space, according to estimates by the commercial real estate firm CoStar Group.

«This year we are predicting more of the same in the retail space,» said Drew Myers, a CoStar senior consultant.

Retailers have announced more than 4,300 store closures so far this year, according to an analysis by Business Insider.

Here’s a list of all the stores closing this year.

Payless ShoeSource: 2,500 stores

Payless ShoeSource: 2,500 stores
A Payless ShoeSource store is pictured in the Manhattan borough of New York

Payless filed for bankruptcy in February and said it planned to close all of its 2,500 stores in what could be the largest retail liquidation in history.

Gymboree: 805 stores

Gymboree: 805 stores

Gymboree Group filed for Chapter 11 bankruptcy protection in January and said it planned to close more than 800 stores under its Gymboree and Crazy 8 banners.Gymboree previously filed for bankruptcy as recently as June 2017 and closed nearly 400 stores in the process.

Shopko: 251 stores

Shopko: 251 stores

Shopko filed for bankruptcy in January and has said it would close 251 stores.

Gap: 230 stores

Gap: 230 stores

Gap said Thursday that it would close 230 namesake stores over the next two years as it reported that the brand’s same-store sales fell 7% during the holiday quarter. The company also said it would spin off its Old Navy brand.

Performance Bicycle: 102 stores

Performance Bicycle: 102 stores

Performance Bicycle’s parent company, Advanced Sports Enterprises, filed for bankruptcy protection in November and later announced that it would close all 102 of its stores.

Charlotte Russe: 94 stores

Charlotte Russe: 94 stores

Charlotte Russe kicked off closing sales at 94 stores in February, after the company filed for Chapter 11 bankruptcy protection.

Sears: 70 stores

Sears: 70 stores

Sears Holdings, which owns Sears and Kmart stores, emerged from bankruptcy in February after filing for Chapter 11 bankruptcy protection in October.

Destination Maternity: 42-67 stores

Destination Maternity: 42-67 stores

Destination Maternity plans to close between 42 and 67 stores this year.

Victoria’s Secret: 53 stores

Victoria's Secret: 53 stores

Victoria’s Secret said it would close 53 stores this year, citing a «decline in performance.»

Kmart: 50 stores

Kmart: 50 stores

Christopher & Banks: 30-40 stores

Christopher & Banks: 30-40 stores

JCPenney: 27 stores

JCPenney: 27 stores

JCPenney said it will close 27 stores in 2019, including 18 full-line department stores and 9 home and furniture stores. The department-store chain said same-store sales fell 4% during the fourth quarter.

Henri Bendel: 23 stores

Henri Bendel: 23 stores

Henri Bendel closed all its stores in January after 123 years in business.

Beauty Brands: 25

Beauty Brands: 25

Beauty Brands, a regional chain of salon and spa superstores, said in December that it planned to close 25 stores this year.

Lowe’s: 20 stores

Lowe's: 20 stores

Lowe’s is closing 20 stores across 13 states this year.

Macy’s: 9 stores

Macy's: 9 stores

Macy’s is closing store s in Wyoming, Washington, California, New York, Indiana, Massachusetts, Virginia, and West Virginia.

J.Crew: 7 stores

J.Crew: 7 stores

J.Crew is closing stores in Georgia, South Carolina, Tennessee, Louisiana, California,and Canada.

Kohl’s: 4 stores

Kohl's: 4 stores

Kohl’s is closing four stores this year. All the closing stores are located in or near a shopping mall.

Nordstrom: 3 stores

Nordstrom: 3 stores

Nordstrom is closing stores in Florida, Virginia, and Rhode Island.

Vía Business Insider

more retrocapitalism?
error