Weekly Store Openings and Closures Tracker 2018 #52: Sears May Close an Additional 50-80 Stores; Gymboree to File for Second Bankruptcy Loan in Less Than Two Years

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Key Points

Ciresight Research tracks store openings and closures for a selected group of retailers in the US And the UK, as well as the major US store bankruptcies.

  • Year to date in 2018, US retailers have announced 5,437 store closures and 2,963 store openings.
  • Sears Holdings my close 50 to 80 stores in addition to the 182 previously announced.
  • Gymboree plans to file for Chapter 11 bankruptcy protection for the second time in less than two years, to keep stores open as it looks for a buyer.
  • Year to date in the UK, companies have announced 1,395 store closures and 785 store openings.
  • New Look has enlisted advisers to explore opportunities to cut its £1.3 billion ($1.6 billion)debt.

Ciresight Research tracks store openings and closures for a selected group of retailers in the US And the UK, as well as the major US store bankruptcies.

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