Business & Tech

List Of Retailers Closing Stores In 2018

Which big time retail chains are closing stores nationwide?

In 2017, retailers in the United States announced plans to shutter close to 7,000 stores, a whopping 224 percent increase in announced store closures compared to 2016. The numbers were compiled by the think tank Fung Global Retail & Tech, which tracks store openings and closures in the U.S.

According to the numbers compiled by Fung Global, there have been 6,885 announced store closures in 2017 and 3,443 announced store openings. In 2016, there were 2,122 announced store closures in 2016 and 2,294 announced store openings.

Looking ahead to 2018, major retailers from various industries have already announced plans to close stores in the U.S. starting as early as January 2018.

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Patch has compiled a list of retailers that have announced plans to close locations in 2018 below:

Macy's

Find out what's happening in Las Vegasfor free with the latest updates from Patch.

Macy's will be closing its Las Vegas Boulevard location by the end of 2017.

Gap

The clothing company announced the closure of 200 "underperforming" Gap and Banana Republic locations. Gap has six different Las Vegas locations and one in Primm.

J. Crew

The company announced the closure of 39 stores by the end of January. It hasn't been announced if the company's location on Grand Central Parkway is part of the closures.

Teavana

Starbucks announced that 379 Teavana locations would close by next year. Las Vegas has three Teavana locations in Town Square, Fashion Show Mall, and Downtown Summerlin.

Walgreens

The drugstore mega-chain will close nearly 600 stores next year to accommodate the acquisition of 2,000 Rite-Aid stores. The company hasn't announced which stores will close yet.

Patch reporter Autumn Johnson contributed to this report.

Image via Shutterstock

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