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Store Trackers

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

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Coresight Research

Key Points

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.

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