weekly store openings and closures tracker #27-costco ... · 4)year to date in the uk, there have...

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DeborahWeinswig,ManagingDirector,[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.

October6,2017

Weekly Store Openings and

Closures Tracker #27: Costco Opens 25

Stores Net in FY18; Greggs Opens 100

Stores Net

Deborah Weinswig

Managing Director

FGRT

[email protected]

US: 917.655.6790

HK: 852.6119.1779

CN: 86.186.1420.3016

FGRTtracksstoreopeningsandclosuresforaselectgroupofretailersintheUSandtheUK.

1) Year-to-date2017,thenumberofstoreclosureannouncementshasincreased183%yearoveryear,bringingthetotalnumberofstorestobeclosedto6,101.

2) Costcoplanstoopen25newwarehousesnetinthenextfiscalyear.

3) Gymboreehascompletedafinancialrestructuring.

4) YeartodateintheUK,therehavebeen662storeclosureannouncementsfrommajorretailers,significantlyloweronayear-over-yearbasis.The741storeopenings,however,areaslightincreasecomparedto2016.

5) Greggsexpectstoopen140–150shopsandclose40–50in2017.

6) ScSGroupplanstoopenanewstoreonboxingday2017.

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October6,2017

2017MajorUSStoreOpeningsandClosuresFGRThasadedicatedteamtrackingnewsaboutstoreclosuresandopenings,bankruptciesandmanagementchanges.OurWeeklyStoreOpeningsandClosuresTrackerfocusesondepartmentstoresandspecialtyretail,including,butnotlimitedto,softlines,hardlines,consumerelectronicsandfurniture.

WhatIsHappeningthisWeekintheUS?

CostcoPlanstoOpen25NetNewWarehousesIntheNextFiscalYearCostcoplanstoopen25netnewstoresinthenextfiscalyear,abouttwo-thirdsofwhichwillbelocatedintheUS.Yeartodate,Costcoopened18newunitsnet,mostlyintheUS.

GymboreeCompletesFinancialRestructuringGymboreeannouncedthatithascompleteditsfinancialrestructuringandemergedfromChapter11bankruptcy.Thecompanyhasestablishedamoresustainablecapitalstructurebyeliminatingmorethan$900millionofdebtandright-sizingitsstorefootprint.Aspartoftheplan,Gymboreeisclosing330underperformingstores.

Toys“R”UsCooperateswIthMirakltoLaunchOnlineMarketplaceToys“R”UsannouncedthatitwillcooperatewithMirakl,theglobalmarketplacesolutionsprovider,tosupportthecreationofanewonlinemarketplacebusinessesintheUSandCanada.Theplatformissettolaunchin2018,anditwillenableToys“R”Ustoincreaseitsproductselectionanddecreasetimetomarketfornewproducts.

Non-StoreClosureNews

RiteAidNamesKermitCrawfordasPresidentandCOO DrugstorechainRiteAidnamesKermitCrawfordasPresidentandCOO,effectiveOctober5.CrawfordisformerExecutiveVicePresidentandPresidentofpharmacyhealthandwellnessforWalgreens.Heservedmorethan30yearsatWalgreens,andheldawiderangeofstoreoperationsandseniormanagementpositions,includingresponsibilityforWalgreens’spharmacyservices.

Dr.MartensCEOStepsDownDr.MartensCEOSteveMurraywillbeleavingthecompany,inanattempttospeedupthecompany'stransformation.PaulMason,Chairmanofthecompany,willtakeoverasinterimCEOduringasearchforanewChiefExecutive.

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October6,2017

Year-to-Date 2017 Major US Store Closure Announcements

TheChildren'sPlacewillclose300storesby2020.RalphLauren’sstoreclosingnumberwaspartofthe50-storeclosureplanannouncedinJune2016.Ascenawillclosebetween268and667storesbyJuly2019,dependingonnegotiationswithlandlords.Gapwillclose200storesby2020.UrbanOutfittersplanstocloseeighttoninestoresin2017.VitaminWorldwillcloseatleast50stores.Source:Companyreports/FGRT

366810232731323640445050606164687070707074100100100101110120138160171180190

220250

330358

400400

7001000

0 200 400 600 800 1000 1200

H&MPirch

RothmanFurnitureUrbanOufigersNeimanMarcus

RalphLaurenTrueReligion

Benny’sGanderMountainEasternOufigers

lululemonathlejcaLucyAcjvewear

Chico’sVitaminWorld

GuessAlfredAngeloPerfumaniaMCSports

Aaron’sCVS

StaplesGap

AerosolesTheChildren’sPlace

Macy’sMichaelKors

GordmansStoresInc.AmericanApparel

BCBGJCPenneyCrocsInc.WetSeal

BebeStoresIncGameStophhgregg

TheLimitedGymboree

SearsandKmartAscenaRetail

rue21PaylessIncRadioShack

Total: 6,101 announced store closures

183% year over year

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October6,2017

Year-to-Date 2017 Major US Store Opening Announcements

Aldiwillcompletea400-storeexpansionbytheendof2018.Walmart’stargetof59storesincludesnew,expandedandrelocatedstores.Targetisonlyopeningstoresinsmallformat.Macy’sBackstagewillbeopenedwithinexistingfull-lineMacy’sstores.Rodd&Gunntoopen8–10storesbytheendof2018.Mackageplanstooperate25storesacrossNorthAmericainthenextfiveyears.Gapwillopen270storesby2020.Costcoopenedanet26storesforthefiscalyearendedSeptember2017,planstoopenanet25storesforfiscal2018.Source:Companyreports/FGRT

3

4

5

5

5

7

9

10

17

19

20

24

30

43

46

59

60

60

70

90

90

100

100

100

111

400

650

1,290

0 200 400 600 800 1,000 1,200 1,400

Fendi

Kohl’s

Mackage

Homesense

ThredUP

Abercrombie&Fitch

Rodd&Gunn

Forever21(RileyRose)

Nordstrom

Macy’sBackstage

Bonobos

Costco

Target

Dick’sSporjngGoods,Inc.

H&M

Walmart

HobbyLobby

H&M

Sephora

Gap

RossStores

Lidl

Ulta

FiveBelow

TJX

Aldi

DollarTree

DollarGeneral

Total: 3,427 announced store openings

60% year over year

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October6,2017

2016MajorUSStoreOpeningsandClosures

2016 Major US Store Closures

Source:Companyreports/FGRT

2016 Major US Store Openings

Source:Companyreports/FGRT

9

18

18

26

34

48

50

51

67

71

123

142

154

154

233

243

255

463

0 50 100 150 200 250 300 350 400 450 500

JCPenney

FinishLine

Kohl’s

AmericanEagle

Chico’sFAS

Staples

RalphLauren

WolverineWorldWide

Walgreens

Gap

OfficeDepot

TheChildren’sPlace

Walmart

Aeropostale

Men’sWarehouse/JosA.Bank

SearsandKmart

HancockFabrics

SportsAuthority

10

15

19

19

45

53

72

79

93

104

146

584

900

0 100 200 300 400 500 600 700 800 900 1,000

Zara

Target

UnderArmour

Costco

Aldi

H&M

Sephora

Dick’sSporjngGoods

RossStores

Ulta

TJX

DollarTree

DollarGeneral


Total: 2,139 announced store openings

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October6,2017

2017MajorUKStoreOpeningsandClosures

WhatIsHappeningthisWeekintheUK?

GreggsExpectstoOpen140–150ShopsandClose40–50In2017Greggs,thebakeryfood-on-the-goretailer,expectstoopen140–150shopsandclose40–50shops,whichrepresentanetincreaseofaround100storesbytheendof2017.Yeartodate,thecompanyhasopened98newshopsandclosed32shops,givingatotalof1,830shops,asofSeptember30.

ScSGroupPlanstoOpenaNewStoreInChelmsfordonBoxingDay2017ScS,retailersofupholsteredfurnitureandfloorings,openedfournewstoresin2016,andplanstoopenanewstoreinChelmsfordonBoxingDay2017.TheGroupnowoperates100ScSstoresand27HouseofFraserconcessions.

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October6,2017

Year-to-Date 2017 Major UK Store Closure Announcements*

*Thechartonlyshowsselectedretailers.Greggsexpectstoclose40–50storesbytheendof2017.Source:Companyreports/FGRT

2222233344445556

1012

17172020

2828

3436

404545

6069

122

0 20 40 60 80 100 120 140

ArgosDebenhamsClasOhlson

HMVSainsbury’s

AmericanEagleKitandAce

B&QJoytheStore

iCandy(iCandyCardsandGiss)NewLook

CardFactoryMothercare

TriumphNBrown

FrenchConnecjonNessClothing

H&MStyleGroupBrandStores

BlueIncJaeger

Pep&CoBrightHouse

NextBudgens

LinensDirectJonesBootmakerDixonsCarphone

Greggs99pStoresBrantano

StoreTwentyOne

Total: 662 announced store closures

35% year over year

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October6,2017

Year-to-Date 2017 Major UK Store Opening Announcements*

*Thechartonlyshowsselectedretailers.FGRThascalendarizedtheannouncementsofstoreopenings/closures,whichinvolvesestimationforsomeretailers.Aldiwillcompletea300-storeexpansionby2022.Smigglewillopen200storesby2019.Lidlwillopen50–60storesbytheendof2017.PetsatHomewillopenfivestoresinFY2017and10storesinFY2018.M&Cowillopen60–75storesby2022.Primarkisestimatedtoopen9storesinUKin2017and11forthefiscalyearendedSeptember2017.Greggsexpectstoopen140–150storesbytheendof2017.Source:Companyreports/FGRT

2

2

5

5

6

7

7

9

9

9

9

9

10

14

15

17

20

25

25

34

50

51

55

60

60

67

145

0 20 40 60 80 100 120 140 160

BenSherman

Boden

Schuh

RiverIsland

WhiteStuff

HoneyBirdege

PetsatHome

B&M

Waitrose

Dukla

Primark

H&M

ShoeZone

M&Co

SportsDirect

TheFragranceStore

Next

Iceland

House

M&S

AusjnReed

TapiCarpets

Lidl

TheWorks

Aldi

Smiggle

Greggs

Total: 741 announced store openings

53% year over year

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October6,2017

2016MajorUKStoreOpeningsandClosures

2016 Major UK Store Closures*

*Thechartonlyshowsselectedretailers.Source:Companyreports/FGRT

2223355778888991010121213161919

24283032

4758

6577

8990

120164

0 20 40 60 80 100 120 140 160 180

FurnitureBarnOliverBonas

WaitroseMcEwansofPerth

IcelandFoodsBenSherman

GameClasOhlsonMorrisons

BananaRepublicFrenchConnecjon

Sainsbury’sNext

WHSmithLauraAshley

ArgosNewLook

AmericanApparelM&S

JDSportsNegoStoresMothercareShoeZone

BegaLivingMonsoon/Accessorize

SkyB&Q

CardFactoryTesco

BrantanoStoreTwentyOneDixonsCarphone

MyLocalAusjnReed

BHS


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October6,2017

2016 Major UK Store Openings*

*Thechartonlyshowsselectedretailers.Source:Companyreports/FGRT

222223334445

7777

991010101112

151920

2324

303233

4247

5059

0 10 20 30 40 50 60 70

ArgosTedBaker

ZaraMassimoDuuLauraAshley

GameWhiteStuff

FatFaceHabitat

FoodWarehousebyIcelandScS

TheWhiteCompanyPrimarkDreams

SuperdrugTiger

OliverBonasNext

WHSmithJackWills

M&CoWaitrose

WhiteStuffPep&CoJDSportsNewLookSmiggleTKMaxx

LidlWHSmith

B&MTesco

Sainsbury’sCardFactoryPhaseEight

Total: 542 announced store openings

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October6,2017

DeborahWeinswig,CPAManagingDirectorFGRTNewYork:917.655.6790HongKong:852.6119.1779China:86.186.1420.3016deborahweinswig@fung1937.comKirilPopovSeniorAnalyst

JohnMercerSeniorAnalyst

EsmePau,CFAAnalyst

SimicChanSeniorResearchAssociate

EvaKubickaSeniorResearchAssociate

HongKong:2ndFloor,HongKongSpinnersIndustrialBuildingPhase1&2800CheungShaWanRoad,KowloonHongKongTel:85223004406London:242-246MaryleboneRoadLondon,NW16JQUnitedKingdomTel:44(0)2076168988NewYork:1359Broadway,18thFloorNewYork,NY10018Tel:6468397017FungGlobalRetailTech.com

weekly store openings and closures tracker #27-costco ... · 4)year to date in the uk, there have...

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