More store closings coming: An estimated 12,000 shops could close by the end of 2019

Kelly Tyko, USA TODAY

The retail apocalypse isn't showing any signs of slowing down.

Iconic luxury department store Barneys New York is closing its remaining locations, according to court records filed late Wednesday. This includes the Madison Avenue flagship where signs were recently posted that said “NOT CLOSED.”

Saks Fifth Avenue together with Authentic Brands, the owner of brands like Nine West and Aéropostale, is buying the Barneys name and other assets, according to a filing Wednesday in U.S. Bankruptcy Court. When Barneys filed for bankruptcy protection in August, it announced it would close 15 stores but leave seven open.

The Barneys' news comes a day after Hamilton Beach Brands Holding Company announced Tuesday it would close all of its 160 Kitchen Collection stores by the end of 2019.

Ten months into 2019, there have already been 47% more store closings announced than in all of 2018, according to a new report from global marketing research firm Coresight Research.

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Based on Coresight Research's figures, retailers' earnings reports, bankruptcy filings and other records, nearly 8,600 stores are slated to shutter this year and thousands of locations already gone.

Bankrupt footwear company Payless ShoeSource, which closed its remaining U.S. stores in late June, accounts for about 37% of the closings.

The "going-out-of-business" sales and liquidation of other brands is expected to continue. Coresight estimates closures could reach 12,000 by the end of the year, the report said. 

Coresight, which has offices in Manhattan, London and Hong Kong, tracked the 5,864 closings in 2018, which included all Toys R Us stores and hundreds of Kmart and Sears locations. 

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The record year for closings was 2017, with 8,139 shuttered stores, Coresight found. This included an earlier round of Payless closings, the entire HHGregg electronics and appliance chain, and hundreds of Sears and Kmart stores.

The pain is expected to continue into future years, according to an April report from UBS Securities. UBS analysts said 75,000 more stores would need to be shuttered by 2026 if e-commerce penetration rises to 25% from its current level of 16%.

A separate analysis by UBS said tariffs on Chinese imports could put $40 billion of sales and 12,000 stores at risk.

“The market is not realizing how much brick & mortar retail is incrementally struggling and how new 25% tariffs could force widespread store closures,” UBS analyst Jay Sole wrote in the May report. "We think potential 25% tariffs on Chinese imports could accelerate pressure on these company’s profit margins to the point where major store closures become a real possibility.”

Closing all locations

Thousands of locations have already closed this year with the final Payless stores finishing their liquidation sales in June. All Charlotte Russe stores closed in April but the company's new owner has started to open new stores.

Payless ShoeSource: 2,589 (includes 248 Canada locations and 114 smaller-format stores in Shopko Hometown locations).

Gymboree/Crazy 8: 749

Dressbarn: 649. Here are the locations closing in July and August.

Fred's: 568; the final approximately 80 stores are now set to close after several rounds of closings this year, the company announced Sept. 9. The last round of closing of 129 stores was announced in July.

Charlotte Russe: 494; but the company's new owner is opening new stores.

Shopko: 371

Charming Charlie: 261

Avenue: 222

LifeWay Christian Resources: 170

Kitchen Collection: 160

A'Gaci: 54

Henri Bendel: 23

E.L.F. Beauty: 22

Barneys New York: 22

Topshop: All 11 U.S. stores

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More closings

Some of the announced closures may carryover into 2020, which was the case with several closings announced in late 2018 such as Lowe's, Sears and Kmart. Gap Inc. announced Feb. 28 it would close roughly 230 stores over two years. Some retailers also are opening new stores while closing locations including Bath & Body Works and Abercrombie & Fitch. 

Forever 21The fashion retailer said it would close "most" of its stores in Asia and Europe and up to 178 stores in the U.S. Here's the list of the stores that could close.

GNC: 192 stores closed in first six months of year; up to 900 over the next three years.

Family Dollar: As many as 390 stores

Chico's: 74, but 250 over the next three years.

Gap: Roughly 230 in next two years

Walgreens: 200

GameStop: 180 to 200 globally

Foot Locker: 165, total includes closings outside of the U.S.

Signet Jewelers: The parent company of Kay, Zales and Jared said it would close another 150 stores.

Pier 1 Imports: 57, but up to 145 could close.

Ascena Retail: 120

Destination Maternity: 117

Bed Bath & Beyond: 60

Sears: 21 more stores will close in October; 72 stores closed earlier this year. More stores will close in December.

Party City: 55

Victoria's Secret: 53

Vera Bradley: 50

Office Depot: 50

Kmart: Five more stores will close in October; 48 stores closed earlier this year. More stores will close in December

CVS: 46

Sears Hometown and Outlet Stores: 45

The Children's Place: Up to 45

Z Gallerie: 44

DKNY: 41

Stage Stores: 40 to 60

Abercrombie & Fitch: 40

Francesca's: At least 30 stores

Build-A-Bear: Up to 30 over two years

Williams-Sonoma: 30

J.C. Penney: 27

Bath & Body Works: 24

Southeastern Grocers: 22

Saks Off 5th: 20

Lowe's: 20

J. Crew: 20

Macy's: 8

Nordstrom: 7

Target: 6

J.Crew: 5

Kohl's: 4

Whole Foods: 1

Calvin Klein: 1

Pottery Barn: 1

Source: Coresight Research; staff research

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Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko

This article originally appeared on USA TODAY: 2019 store closings list: These retailers are shuttering locations