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