Top Retailers Closing Doors in 2015

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Top Retailers Closing Doors in 2015

By Nicole Giannopoulos - 01/27/2015
The last several years haven't been particularly kind to major clothing retailers – many brands that were once well-regarded are now closing stores, or closing up shop all together. Many blame trends and the rise of e-commerce, but others in the industry are saying that 2015 will be the make-it-or-break-it year. Retailers that cannot successfully complete an omnichannel transformation will begin to fade, while others that are ahead of the omnichannel curve will take the lead and prosper. 
 
Rick Caruso, founder and CEO of Caruso Affiliated, noted at last year's NRF Big Show that without a major reinvention, traditional malls will soon go extinct, "any time you stop building a product, that's usually the best indication that the customer doesn't want it anymore," he said.
 
Despite retailers shuttering stores, they aren't throwing in the towel just yet. Creating compelling experiences for brick-and-mortar shoppers is at the top of many retailers' To Do lists, with retailers brainstorming ways to integrate targeted mobile couponing and high-tech gadgets to entice shoppers who may have been lost to the Web.
 
Below are retailers (listed by number of store closings and date), including downsizing and company bankruptcies:
Retailer: Store Closings: Completion:
Office Depot/OfficeMax 400 By 2016
Wet Seal 338  
Deb Shops 300  
Body Central 265  
Staples 225 Through 2015
Barnes & Noble 223 Through 2023
RadioShack 200 Through 2017
Abercrombie & Fitch 180 By 2015
Aeropostale 175
75
"Over the next several years"
Through January 2015
American Eagle Outfitters 150 Through 2017
Target Canada (bankruptcy) 133  
Sears 77 2015
Coach 70 Fiscal 2015
Pep Boys 63 "In the coming years"
Golf Galaxy 54 By 2016
Express 50 Through 2015
Guess 50 Through 2015
JCPenney 40  
Build-A-Bear 25 Through 2015
Macy's 15