These 15 Retailers Are Opening Stores (and These 14 Are Closing Them)

Author: Daniel B. Kline | September 12, 2019

A store closing sign showing discounts

Source: Getty Images

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Winter is coming, but so is summer

You have likely heard the term retail apocalypse. That's the name being given to the current upheaval happening in the retail industry as consumers order more items online.

And, of course, many well-known retailers are closing stores, but a number are also opening them. In fact, more retail stores will open in 2019 than will close.

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A Sears department store in a mall.

Source: Sears Holdings

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Closing: Sears and Kmart

Sears survived a bankruptcy and it has been shrinking for years. That shrinking isn't stopping and the company plans to close another 77 stores -- most of them Kmart locations. It's logical to expect the company to keep shutting down locations as it struggles to find a working business model.

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A modern Target store in an urban setting.

Source: Target

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Opening: Target

While Target has closed a handful of underperforming large-format stores, it has been steadily opening smaller format locations. The chain has more than 10 mostly-smaller stores opening in 2019 and over 25 planned for 2020 and beyond.

ALSO READ: Target Opening More Stores on (or Near) College Campuses

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A pharmacist talks with a customer at the counter.

Source: Getty Images

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Closing: Walgreens

Walgreens has plans to close about 200 stores in the U.S. That's less than 3% of its total portfolio of 9,600 stores, and the chain will have a small amount of openings in strategic locations in 2019.

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The exterior of a Costco store with many cars in the parking lot

Source: Costco

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Opening: Costco

Costco takes a slow and steady approach to expansion. It builds about 20 new warehouses a year, and it will open around that number in 2019.

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A Nordstrom store.

Source: Nordstrom

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Closing: Nordstrom

Nordstrom has been struggling, and it plans to close at least four stores in 2019, with plans to consider closing a handful of others. That's a relatively small amount compared to some of the other retailers. The chain does have plans to open at least one full-line store this year, but it will almost certainly end the year smaller than it began.

ALSO READ: Nordstrom Is Closing More Stores in 2019

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The inside of a Warby Parker eyeglass store.

Source: Warby Parker

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Opening: Warby Parker

Warby Parker has been steadily growing its retail presence. The digital-first brand keeps its plans close to the vest, but it has been adding locations in 2019 and should continue to add more.

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A yellow store closing banner at the top of a building.

Source: Getty Images

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Closing: Barney's

Barneys, an upscale retailer, has filed for Chapter 11 bankruptcy. The company expects to survive, but will close 15 of its 22 locations.

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The exterior of a Hobby Lobby store

Source: Hobby Lobby

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Opening: Hobby Lobby

Hobby Lobby has steadily grown. The company plans to add about 65 stores in 2019 and 16 of its current stores will be relocated.

ALSO READ: Which Major Retail Chains Offer the Best In-Store Experience?

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This is a storefront for J.Crew in Potomac Mills, Va.

Source: Kris Kinkade

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Closing: J. Crew

J. Crew operates almost entirely within malls, so it suffers when fewer people head out to visit large-scale shopping centers. That has hurt the chain, as it plans to close about 20 stores in 2019.

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Female model wearing brightly colored makeup.

Source: Ulta Beauty

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Opening: Ulta Beauty

Some products don't lend themselves to online shopping. You might, for example, reorder makeup online, but the first time you buy it, you probably want to see it in person.

Ulta Beauty has been riding that wave and plans to open roughly 80 locations in 2019. The company has also benefited from largely not being in malls and instead having its stores in shopping plazas that are visible from the street.

ALSO READ: What Ulta Beauty Wants Investors to Know

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J.C. Penney's Brooklyn location.

Source: J.C. Penney

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Closing: J.C. Penney

J.C. Penney has been in a fight for its life. The chain has been steadily losing money and CEO Jill Soltau has been trying to conserve cash. One way to do that is to close stores, and the retailer plans to close about 30 before the end of the year.

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A Five Below store.

Source: Five Below

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Opening: Five Below

Discount chains have done really well even as other businesses have been closing. Five Below has roughly 150 new locations opened or that it plans to open this year.

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Red bankruptcy stamp.

Source: Getty Images

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Closing: Charming Charlie

Charming Charlie has filed for Chapter 11 bankruptcy and will be closing all of its 261 stores. That's a blow to malls where most of its stores were located.

ALSO READ: Why Malls Are Thriving in an Era of E-commerce

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A Dollar General storefront.

Source: Dollar General

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Opening: Dollar General

Dollar General isn't actually a dollar store. It's a discount retailer that offers a mix of food, home goods, and a little bit of other stuff. The chain has been expanding rapidly and plans to add about 1,000 locations in 2019.


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Woman in a Gap store holding pairs of folded jeans.

Source: Gap

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Closing: Gap

Gap owns multiple retail brands, but its namesake has been struggling. The company has been shuttering locations as it focuses more on its more successful brands.

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Person placing an Opening Soon sign in a storefront.

Source: Getty Images

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Opening: Old Navy

While Gap has been closing stores, the company has been opening Old Navy locations. The fast-fashion brand has been more adept at changing in line with customer needs and it's cheap price points have helped as well.

ALSO READ: The Gap Brand Is Dying

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Makeup is being done backstage at the Victoria's Secret fashion show.

Source: Victoria's Secret

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Closing: Victoria's Secret

L Brands has similar problems to Gap. It's Bath & Body Works brand has done well while Victoria's Secret has struggled. The retail chain has faltered amidst changing consumer tastes and the popularity of online brands including ThirdLove.

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New York City skyline at sunrise.

Source: Getty Images

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Opening: ThirdLove

ThirdLove isn't looking to build a large brick-and-mortar presence, but it has opened a New York City location. The company has only committed to keeping the shop open until the end of the year, but it could be the start of building out a selective retail presence.

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A CVS associate talks to a child near the pharmacy seating area.

Source: CVS Health

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Closing: CVS

Arguably CVS could be on both of these lists. The company is selectively opening stores, but it's also closing 46 locations by the end of the year.

ALSO READ: Don’t Judge CVS Health by Its Stores

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Fresh sheets folded at the end of a bed.

Source: Getty Images

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Closing: Bed Bath & Beyond

Bed Bath & Beyond has struggled to find an identity in the digital era. The chain, which has been slow to close stores, does not have a CEO, but its chairman has said that store closures would accelerate. The company has already announced some plans to shutter locations and more are likely before the end of the year.

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A group of people in front of a TJX red wall.

Source: TJX

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Opening: TJX

People still love a bargain and that has been great for TJX. The company owns Marshalls, TJ Maxx, HomeGoods, and other brands that use a treasure-hunt model.

The chain has been rapidly adding stores for all of its major brands. In fact, the self-described "off-price" company has been one of brick-and-mortar retail's biggest success stories.

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Blurry shot of a busy shopping mall.

Source: Getty Images

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Closing: Children's Place

Children's Place has suffered as mall traffic -- at least to lesser malls -- has fallen. That explains why it has plans to close about 300 stores by the end of 2020.

ALSO READ: Why Did The Children's Place Buy Bankrupt Gymboree?

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Mattresses are shown in a store.

Source: Getty Images

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Opening: Casper Mattress

Another digital-first brand, Casper Mattress has been building out a small retail presence. The chain has recognized that some, maybe many, potential customers want to try a mattress before buying one.

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A Lowe's store.

Source: Lowe's

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Closing: Lowe's

Lowe's is an odd story in retail as it has been very successful, but its investors want to see even higher profits (or at least its CEO and board feel that way). The chain has been growing its business, but began closing 51 stores at the end of 2018.

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Young woman shopping in a clothing store, holding up a dress on a hanger.

Source: Getty Images

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Opening: Ross

Ross Stores operates two different brand names (Ross Dress for Less and dd's Discounts). The chain has already opened some new locations this year and plans to have about 100 new stores by the end of 2019 (about 75 Ross locations and 25 dd's).

ALSO READ: Ross Stores Has Room for Improvement

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Group of professionals in party hats throwing confetti and blowing whistles.

Source: Getty Images

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Closing: Party City

Party City is leaving the party early in a handful of locations. The chain expects to close about 50 stores in 2019.

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An Aldi store.

Source: Aldi

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Opening: Aldi

A specialty/discount grocery chain, Aldi has been steadily increasing its presence in the U.S. The chain expects to close out 2022 with about 400 stores in the country.

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A storefront with store closing signs in the windows.

Source: Getty Images

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Closing: Fred's

Fred's has bucked trends in a bad way. It's a discounter that has not succeeded, and recently announced it has filed for Chapter 11 bankruptcy with plans to close all of its stores before the end of the year.

ALSO READ: 3 Top Retail Stocks to Watch in September

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An Amazon delivery driver checks an order on a smartphone.

Source: Amazon

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Opening: Amazon

Amazon has kept its brick-and-mortar plans close to the vest, but the company has been testing a number of formats. It will open bookstores, its Four-Star, and Go formats as it continues to test those models.

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Sign in window reading Sorry we are Closed.

Source: Getty Images

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Turn out the lights

It's worth noting that when it comes to closures these are just the highlights. Many other brands also plan to slim their brick-and-mortar presence before the end of the year. That's a trend that's likely to remain, as consumers continue to expect more from retailers.

ALSO READ: Top Retail Stocks to Buy in 2019

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Daniel B. Kline has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has the following options: short January 2020 $180 calls on Costco Wholesale and long January 2020 $115 calls on Costco Wholesale. The Motley Fool recommends Costco Wholesale, CVS Health, Five Below, Lowe's, Nordstrom, The TJX Companies, and Ulta Beauty. The Motley Fool has a disclosure policy.

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