{"id":11795,"date":"2019-03-11T10:00:49","date_gmt":"2019-03-11T14:00:49","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=11795"},"modified":"2019-03-11T10:00:49","modified_gmt":"2019-03-11T14:00:49","slug":"breaking-6000-store-closings","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/03\/breaking-6000-store-closings\/","title":{"rendered":"Breaking Down 6,000 Store Closings"},"content":{"rendered":"<p>It\u2019s been quite the couple of weeks for store-closing announcements. In the figure below, we\u2019ve tracked the majority of retail store closings (20+ units) that have been announced for the year to date. Apparel and shoe stores comprise more than 75% of the nearly 6,000 closings, which comes as no surprise as <strong>Payless<\/strong> accounts for nearly half of that figure on its own.<\/p>\n<p><center><\/p>\n<div class='tableauPlaceholder' id='viz1552312466291' style='position: relative'><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Le&#47;LeadingChainClosings0319&#47;LeadingChainClosings0319&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='LeadingChainClosings0319&#47;LeadingChainClosings0319' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Le&#47;LeadingChainClosings0319&#47;LeadingChainClosings0319&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><param name='filter' value='publish=yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1552312466291');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='700px';vizElement.style.height='277px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/center><\/p>\n<p>The most recent announcements, likewise, are apparel (and mall-based) chains. <strong>Charlotte Russe<\/strong> announced last week that it will close all of its stores by April 30, <a href=\"http:\/\/newsroom.chainstoreguide.com\/2019\/02\/mall-based-retailer-closing-almost-20-stores\/\">up from the 94 it announced early last month. <\/a>\u00a0<strong>Gap Inc. <\/strong>made plenty of headlines announcing a split of the <strong>Old Navy <\/strong>and<strong> Gap<\/strong> business into two distinct public companies, the shuttering of 230 stores (with the caveat that it still plans to open new Gap stores outside of traditional malls), and its interest in acquiring the<strong> Gymboree <\/strong>and<strong> Crazy 8<\/strong> brands from bankrupt <strong>Gymboree Group Inc. <\/strong>Finally, Foot Locker will close 165 underperforming stores in 2019 on the heels of a massive +9.2% increase in comp sales in the fourth quarter.<\/p>\n<p>Whether you\u2019re tracking store closures or in need of tenants to fill vacant space, CSG\u2019s <a href=\"https:\/\/www.chainstoreguide.com\/c-104-leading-chain-tenant-leads.aspx\" target=\"_blank\" rel=\"noopener\"><strong>Leading Chain Tenants Database<\/strong><\/a> has the data you need.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been quite the couple of weeks for store-closing announcements. In the figure below, we\u2019ve tracked the majority of retail store closings (20+ units) that have been announced for the year to date. Apparel and shoe stores comprise more than 75% of the nearly 6,000 closings, which comes as no surprise as Payless accounts for&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/03\/breaking-6000-store-closings\/\">Continue reading <span class=\"screen-reader-text\">Breaking Down 6,000 Store Closings<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[17],"class_list":["post-11795","post","type-post","status-publish","format-standard","hentry","category-commercial-real-estate","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=11795"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11795\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=11795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=11795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=11795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}