Here is a current list of retail store closures announced in 2019

Store closings continue to come, from Dressbarn, CVS, Party City, Imports Pier 1 and up.

According to Coresight Research, more than 7,150 store closings have already been announced by US retailers in 2019. And it's not even June. Last year, Coresight recorded 5,524 store closures, down more than 30% from the record 8,139 reported closures in 2017. Coresight followed 2,726 store opening announcements since the beginning of the year.

With the threat that additional tariffs come into effect on consumer products, such as clothing and footwear imported from China, weigh on retailers, the situation could worsen, according to one analyst. UBS's Jay Sole recently said in a note to his clients: "The market is not realizing how brick and mortar retailing is progressively struggling and how new 25% tariffs could impose generalized closures of stores. … We think that potential tariffs of 25% on Chinese imports could accelerate the pressure on these [companies’] profit margins to the point that major store closures become a real possibility ".

The store closures already announced this year also mean more bad news for US shopping center owners, who are already struggling to manage department store traffic, their major tenants, largely because of the demise. The owners of these shopping centers must therefore be creative in bringing more dining options, or even apartments and offices in their properties.

Here are some of the biggest retailers that have announced store closures this year.

The fast-fashion chain Topshop closes its 11 stores in the United States. Arcadia Group, the parent company of the London-based retailer, recently filed for bankruptcy protection, citing "the headwinds of the retail business, shifting consumer habits and ever-increasing online competition." Topshop's US stores are located in major markets such as New York, Los Angeles, Las Vegas and Miami. The company has not yet announced its closing date for the 11 stores.

Party City plans to close approximately 45 stores in the United States this year. It's more than normal. The party retailer had closed an average of 10 to 15 stores a year. Following the announcement, some have speculated that a worldwide helium shortage is weighing on its activity of selling helium balloons for birthdays, weddings and other occasions. Special. But the retailer recently said it has secured a new source of helium, adding that the decision to close more stores in 2019 was not related to the global shortage.

Pier 1 Imports plans to close approximately 45 stores in 2019, potentially more. When the retailer of residential products announced profits in April, he said he could close "up to 15% of [its] stores if the company is not able to achieve performance objectives, sales targets and occupancy reductions and other costs. "Pier 1 has closed 30 stores in 2018, leaving it with approximately 1,000 locations across the US Many customers have visited Amazon and other online retailers to buy items such as dishes, murals and small furniture accessories sold by Pier 1.

Fred's announced in April that by the end of the month, 159 stores in the United States would be closed, or nearly 30% of its fleet of 557 stores across the country. The discount retailer said at the time, "most of these stores have short-term lease expirations and limited remaining lease obligations". Earlier this month, the group announced plans to close 104 Fred stores by the end of June, bringing the total number of closures to 263. Fred's, who sells groceries and other everyday items, like cleaning products, is another victim of e-commerce. ascent.

CVS closes 46 of its "underperforming" sites across the country this year. This still represents less than 1% of the approximately 9,600 CVS stores in the country. But the pharmacy chain, like many retailers today, must strive to reduce its massive real estate footprint and add unique services to stores for its customers to return. By closing some stores, CVS is adding hundreds of SmileDirectClub stores to some CVS locations, giving customers a less expensive way to get their teeth up.

Gap Inc. plans to close 230 stores of the same name brand over the next two years. During the year, Gap announced plans to close approximately 50 company-owned stores, net of any new openings or repositioning. In February, the clothing retailer announced plans to divide its business into two publicly traded companies, one including Gap, Banana Republic, Intermix and its Athletics and Hill City men's and women's athletic brands, and another with Just Old Navy.

Victoria's Secret L Brands plans to close 53 stores this year, as the lingerie retailer is struggling to seduce women with its outdated and delirious bras and underwear. On average, the company closes about 15 stores a year. Meanwhile, online lingerie brands such as ThirdLove, Adore Me and Lively are opening stores, which could make it more difficult to win back market share by Victoria's Secret.

Bath & Body Works by L Brands has also planned closures. The retailer has announced plans to close two dozen sites this year. But it will also open 46 stores and renovate more than 170 stores. While Victoria's Secret sales are in free fall, Bath & Body Works has been an asset to L Brands. The company announced this month that Bath & Body Work's comparable store sales jumped 13 percent in the first quarter of the year. The good news has led L Brands to improve its earnings outlook for the year.

The teen clothing retailer Abercrombie & Fitch Co. has announced its intention to close up to 40 stores during the 2019 fiscal year, having closed 29 stores last year. In the meantime, the company is working to reduce the size of its stores and redevelop existing sites. Abercrombie also announced plans to open new stores this year to offset closures after opening 22 stores in 2018.

Charlotte Russe, a teen clothing retailer, is in the process of liquidating and closing all of its stores after filing for bankruptcy protection in February. At the time, it only planned to close 94 stores. But now, the company will close its more than 500 sites across the country, after a liquidator has won the auction for its activity in a bankruptcy court. Many of its stores are in shopping centers.

Payless ShoeSource filed for bankruptcy in February and began the process of closing its 2,500 stores in North America. Payless had to deal with a heavy debt load and also declared in court that its suppliers had suffered "unexpected" delays in recent years, which forced it to sell its stocks at very advantageous prices.

When the children's clothing company Gymboree filed for bankruptcy protection in January, she announced that she would close the 800 Gymboree and Crazy 8 stores. Since then, he has sold the rights associated with both Gymboree and Gymboree. its brand Crazy 8 at Children's Place, while Gap acquired intellectual property, websites, customer data and other Gymboree assets.

Dollar Tree, a chain of discount stores, has announced plans to close 390 Family Dollar stores this year, while another 1,000 stores will be renovated. After buying Family Dollar in 2015, Dollar Tree has the task of improving the appearance of these stores, many of which are in poor condition. He also tried to reduce costs.

Chico & # s; s women's apparel retailer announced that it will close between 60 and 80 stores in fiscal 2019. In total, the company plans to close at least 250 stores in the United States during the course of the year. next three years. It joins the list of apparel companies struggling to stay afloat today, as more and more sales are selling online and buyers are attracted to fast fashion brands like Zara and H & M. .

Department store chain JC Penney has announced its intention to close 18 department stores, along with nine furniture and home stores, in 2019. The company has already hinted that further closures are expected in 2020 and beyond. because it strives to minimize its massive real estate footprint. He hopes to find a turnaround strategy allowing him to avoid the same fate as Sears and Bon-Ton.

Bed Bath & Beyond plans to close at least 40 branches this year while opening 15 stores. He said that unless we can "negotiate more favorable lease terms with our landlords", the number of closures will increase. The company, which also owns Christmas Tree Shops, recently lost its CEO, Steven Temares, who resigned earlier this month, as activist investors continue to lobby for changes at Bed Bath & Beyond to improve the situation.