Retailers Closing the Most Stores

Although 2015 promises to be a good year for many retailers, others still face tough times ahead. And for some retailers, continued store closings remain in their immediate future.
As reported by Mark Lieberman and Thomas C. Frohlich for 24/7 Wall Street:
“Several major retailers are reducing their physical presence, including department stores and specialty retailers such as clothing stores, bookstores. and electronics outlets. Some retailers saw sales reduced due to strategic mistakes or consolidation through mergers and still others due to over-expansion.”

“To identify the companies closing the most stores, 24/7 Wall St. reviewed large U.S. retailers that have announced store closings for 2015, or that are in the process of multi-year plans to reduce their physical footprints. Company earnings, store and employee counts, as well as other financial information came from the companies’ SEC filings.”

In alphabetical order, here are the 10 retailers that plan to close the most stores in 2015, according to 24/7 Wall Street. In several cases, these closings will have a strong positive effect on the retailers’ bottom lines:
  1. Abercrombie & Fitch
  2. Aerospostale
  3. Barnes & Noble
  4. Family Dollar
  5. J.C. Penney
  6. Macy’s
  7. Office Depot
  8. Radio Shack
  9. Sears Holdings
  10. Staples
Click the image to read more.

 

 

This entry was posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 5: Managing a Retail Business, Part 8: Putting It All Together and tagged , , , , , , . Bookmark the permalink.

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