1 / 12    

10 retailers defying wave of store closings

Singer John Legend and President of North America H&M, Daniel Kulle attend the H&M Herald Square Flagship Store Grand Opening at H&M Herald Square on May 20, 2015 in New York City.

» more from Retail

10 retailers opening more stores

The casualties are far from over.

Though 2016 has yet to see the severity of high-profile bankruptcies that struck during the first quarter last year, a slew of retailers are nonetheless on track to close a large chunk of their store fleets.

From The Sports Authority, which is in the midst of disposing of 140 locations as part of its Chapter 11 restructuring, to Abercrombie & Fitch, which has closed roughly 50 to 60 stores annually for the past several years and has more it its crosshairs, many retail chains are becoming decidedly smaller.

Yet these examples don't tell the whole story. Though massive store closings can leave temporary vacancies at malls and other shopping properties — or in the case of dying malls, leave them permanently dark — there is often a list of budding retailers waiting in the wings.

According to the International Council of Shopping Centers, an industry trade organization, shopping center occupancy rates reached 93.1 percent at the end of the fourth quarter — the highest year-end level in eight years. These metrics have been aided by a limited amount of new retail space coming to market.

"The industry has done a good job of managing itself through a very challenging macro [environment]," said Tom McGee, CEO of the International Council of Shopping Centers trade organization. "It's a healthy industry right now."

To see a list of retailers that are on the growth track, click ahead.

—By CNBC's Krystina Gustafson
Posted 1 April 2016

Daniel Zuchnik | WireImage | Getty Images