Weekly Store Openings and Closures Tracker 2018, Week 42: Sears Holdings Files for Bankruptcy Protection, Will Close 142 Stores

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 4,972 and the number of store openings is 2,919.
• Sears Holdings has filed for bankruptcy protection and will close 142 stores by the year end.
• YTD in the UK, there have been 1,314 store closure announcements and 777 store opening announcements.
• Claire’s denied reports this week that it was considering closing some of its 350 UK stores.