Weekly Store Openings and Closures Tracker 2018, Week 48: Gap Plans Store Closures in the “Hundreds”

Executive Summary

Coresight Research tracks store closures, openings and bankruptcies for a select group of retailers in the US and the UK.  Our Weekly Store Tracker focuses on department stores and specialty retail stores, including, but not limited to, those selling softlines, hardlines, consumer electronics, groceries and furniture.

Click here to view our full collection of Weekly US and UK Store Trackers.

Highlights from this week’s Store Tracker:

• Year-to-date (YTD) 2018, the number of US store closure announcements stands at 5,468 and the number of store openings is 3,
• Gap is likely to close “hundreds” of stores.
• Gymboree is considering closing half its stores.
• Sears is looking for buyers for over 500 stores.
• YTD in the UK, there have been 1,394 store closure announcements and 783 store opening announcements.