2,306 Stores Slated for Closure

If these figures; based on a reading of online news articles, are right 2,376 stores, across the United States are slated for closure. What’s truly scary is that these numbers reflect just the closings that we know about.

Here are the best tallies of the store closings scheduled for 2017 I could find:

  • Kmart – 108 stores

  • Sears – 42 locations.

  • JCPenney – 140 stores and two distribution centers.

  • Whole Foods Market (NASDAQ: WFM) – nine stores.

  • Macy’s (NYSE: M) -135 stores.

  • The Limited is closing all 250 of its stores.

  • Abercrombie & Fitch is planning to close 60 stores this years.

  • Radio Shack – The Consumerist reported that 200 Radio Shacks will close by the end of March. The rest will be converted to Sprint stores. Fascinating news because I thought the Shack was completely dead.

  • Family Christian Stores – 240 Stores the entire chain. Christianity Today reported that Christian Family; the world’s largest retailer of Christian themed merchandise, will be liquidated.

  • Staples (NASDAQ: SPLS) is planning to close 70 more North American Stores, The Consumerist reported.

  • Office Depot (NASDAQ: ODP) is planning to close 75 stores this years, The South Florida Business Journal reported.

  • The Gap is planning to close around 65 stores more than expected. It had planned to close 50 locations.

  • Wet Seal is closing all 171 of its stores. It already closed more than 500

  • Walgreen Boots Alliance (NASDAQ: WBA) may have to divest up to 1,200 stores when it acquires the number three drugstore chain Rite Aid (NYSE: RAD). To get approval from the Federal Trade Commission Walgreen has plans to sell 865 drugstores to Fred’s a company that seems to lack the money to operate them. Bloomberg just reported that Walgreens is considering selling even more stores to Fred’s (NASDAQ: FRED). Since Fred’s reported revenues of $2.15 billion and a net income of -$47.97 a large number of drugstore closings is a likely outcome.

  • Barnes & Noble (NYSE: BKS) plans to close 227 stores through 2017. Since its comparable sales fell by 8.3% during the holidays expect to see more closings here.

  • Walmart (NYSE: WMT) has no major closings plans this year but it is eliminating 1,000 employees at its headquarters. That’s on top of the 7,000 accounting positions eliminated in its stores last year.

  • HH Gregg is planning to close 88 stores and three distribution centers.

  • Crocs is planning to close 160 stores.

  • American Apparel is planning to close all 110 of its remaining stores.

  • BCBG (a high-end women’s wear chain) is planning to close 120 stores.

  • CVS Health (NYSE: CVS) is planning to close around 70 stores in the US in early 2017.

  • Discounter Gordman’s filed for bankruptcy and plans to liquidate 106 stores in 22 states, Biz Times reported.

They don’t include all the mom and pop stores, and smaller chains that might be going under. Nor does the number include the trimming that’s sure to occur when chains like Supervalu (NYSE: SVU) collapse and get gobbled up by larger competitors.

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