The pace of retail store closure announcements didn't slow down much this week, following a brutal last week for malls and shopping centers across the U.S.
Dollar Tree said this week it will be closing up to 390 Family Dollar stores. Apparel retailer Abercrombie & Fitch said it plans to shut up to 40 stores. Bankrupt clothing company Charlotte Russe has started liquidation sales and now will shut all of its more than 500 stores, up from its previous plans to just close 94 locations. To top it off, Amazon said this week it's shutting all 87 of its pop-up shops in Whole Foods stores, Kohl's stores and malls across the U.S., starting in April.
Taken together, as of this Friday, 4,810 store closures have been announced by retailers so far this year, according to Coresight Research. Just a week ago, that tally was at 4,309. Meanwhile, Coresight said it's tracked about 2,264 store openings so far in 2019, including some by fitness brand Peloton, Ulta Beauty, online apparel company Indochino and Ross Stores.