Number: 1,200, or up to 600 stores annually in 2020 and 2021
Backstory: After reporting its first-ever quarterly loss in Q1, the Zara owner is focusing on store optimization as it works to integrate its store and online business. It’s also taking a closer focus on its supply chain to zero in on inventory management, and its using existing store networ to help with the fulfillment of online orders.
G-III Apparel Group Ltd.
Number: 199, comprised of 110 Wilson’s stores and 89 G.H. Bass locations
Backstory: The company restructured its retail operations after deciding to focus on its wholesale operation and its DKNY and Karl Lagerfeld Paris businesses.
Backstory: The company filed for bankruptcy court protection in May, and shuttered 230 locations. It plans exit Chapter 11 before the end of the year with 500 stores still in operation.
Backstory: The mass merchant closed six department stores before it filed its Chapter 11 petition and then closed 154 during its tour of bankruptcy court. It recently exited bankruptcy proceedings when the operating business was sold to its two largest landlords, Simon Property Group and Brookfield Asset Management. On Dec. 17, the company confirmed the additional closure of 15 more doors.
Backstory: The preppy chain, along with its Madewell concept, filed a bankruptcy petition in May. While it plans to reopen nearly 500 doors after temporary COVID-19 shutdowns, the retailer is looking to get out of 67 store leases over time. It already closed eight stores during its tour of bankruptcy proceedings.
Diane von Furstenberg
Backstory: The fashion brand is closing 18 of its stores, leaving just one open in New York City’s Meatpacking District. The brand is refocusing its business to an e-commerce model in the U.S. and Europe, and will continue with wholesale operations in China. The DVF Studio division in the U.K. in May filed for administration, the equivalent of a Chapter 11 bankruptcy petition in the U.S.
Number: 19, comprised of 16 full-line doors and all 3 Jeffrey stores
Backstory: The retailer is restructuring its business following the impact from the coronavirus, with the closures “based on the needs of each market.” The company has also been reducing expenses by restructuring regions, support roles and its corporate organization.
Number: 250 locations across the U.S. and Canada, including 238 in the U.S.
Backstory: L Brands is restructuring the brand after Sycamore Partners backed out of a deal to acquire a 55 percent majority stake in the lingerie chain.
Stage Stores Inc.
Backstory: A bankruptcy in May had the company liquidating 550 reopened stores. The retailer, which plans to liquidate its remaining stores as they are able to reopen, was in the middle of converting its department stores to its off-price nameplate Gordmans. The company is also in the process of selling its assets.
Lord & Taylor
Backstory: The retailer initially closed two locations earlier in the year, but rumblings in April indicated that could be trouble ahead following a reduction in headcount. Lord & Taylor, and its parent Le Tote, subsequently filed for bankruptcy in August and the initial plan was to liquidate 19 stores as the company tried to find a buyer for America’s first department store. It later upped the number of doors to close to 24, hoping to keep 14 in operation. Failing to find a buyer, a decision was made to liquidate and shutter all doors.
Number: 61, including 11 in Ireland
Backstory: After closing 22 stores in the beginning of the year, the retailer declared insolvency in April, representing its second tour of insolvency in one year. It has liquidated all 11 doors in Ireland, and another 28 locations in the U.K. have been closed.
However, the company failed to find a buyer and is slated to shut down its remaining 142 stores in the U.K. Whether that actually happens is unclear. Mike Ashley‘s Frasers Group is in last minute talks to rescue the bankrupt department store chain. This week, word surfaced that American brand management firm Authentic Brands Group is also in talks to possibly take over the ailing chain.
Backstory: Another early victim of the coronavirus, this British fashion and homeware brand shut down all 60 stores in the U.K. Its Japanese counterpart also filed for bankruptcy protection shortly thereafter.
Galeria Karstadt Kaufhof
Backstory: Germany’s biggest department store retailer filed for administrative insolvency, a victim of the Covid pandemic following mandatory store closures to help curb the virus. The company, which operated 172 stores at the time it filed, exited insolvency proceedings on Sept. 30.
Oasis and Warehouse
Number: 92 freestanding stores and 400 concessions
Backstory: Another early victim of the coronavirus, the U.K. high fashion brands fell into administration. Hilco Capital agreed to a deal to buy its intellectual property assets, but two months later the IP and related assets were sold to Boohoo.
Backstory: The British lifestyle brand filed for administration in the U.K. in mid-March. In April, certain assets including the brand’s intellectual property were acquired by Gordon Brothers, which is exploring the chain’s options.
Backstory: Esprit said it would close all of its stores in Asia outside of China. The total store count for the stores in Malaysia, Singapore and Taiwan, plus Hong Kong and Macau, is 56.
Backstory: The luxury department store said in March that it will close 20 of its 22 off-price Last Call concepts. It will keep two to move inventory from the full-price stores. Neiman’s subsequently filed for bankruptcy court protection and closed about eight doors, including its massive N.Y.C. flagship that opened in Hudson Yards in Manhattan in March 2019.
Modell’s Sporting Goods
Backstory: The company closed some stores and then filed a petition for Chapter 11 bankruptcy court protection in March, only to shut down due to the pandemic. In June, the remaining 107 stores reopened to begin going-out-of business sales.
Pier I Imports
Backstory: The home furnishings retailer filed for Chapter 11 bankruptcy court protection and ended up liquidating when it couldn’t find a going-concern buyer. It initially planned to close 450 stores before filing for bankruptcy, but then the coronavirus pandemic hit, so stores were put on pause as nonessential retailers temporarily closed to help curb the spread of the virus. But Covid also impacted its ability to find a buyer, and the retailer decided to conduct a winding down of operations.
Backstory: The retailer, a nameplate operating under the umbrella of corporate parent Transform Holdco, said in November 2019 that it was closing 51 stores in February.
Backstory: The discounter is part of the corporate holding of Transform Holdco, which said in November 2019 that it would shutter 45 locations in February.
Backstory: The store closures are part of a routine review of the Macy’s brick-and-mortar base. Another 95 ,and possibly even hundreds, are expected to close.
Backstory: The mass discounter has closed three stores, one in Michigan and two in North Carolina.
Backstory: About 31 stores are already closed and it plans another 35 by the end of January. The company’s fleet rationalization includes the nine doors closed in 2019. Another 25 doors could close in 2022, bringing the total number to 100 locations.
Backstory: Acquired in mid-January by streetwear platform New Guards Group, the label will cultivate its brand instead of operating as a multibrand retailer.
Backstory: The U.K. department store declared insolvency in January. A month later, it shuttered 12 of its 23 locations. However, the chain couldn’t find a buyer and the coronavirus outbreak forced the remaining 11 locations closed.