Weekly Store Openings and Closures Tracker 2018 #42: Sears Holdings Files for Bankruptcy Protection, Will Close 142 Stores
Coresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as well as major US store bankruptcies.
- 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.