(Nicole Giannopoulos) 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.
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:
|Office Depot/OfficeMax||400||By 2016|
|Barnes & Noble||223||Through 2023|
|Abercrombie & Fitch||180||By 2015|
|“Over the next several years”
Through January 2015
|American Eagle Outfitters||150||Through 2017|
|Target Canada (bankruptcy)||133|
|Pep Boys||63||“In the coming years”|
|Golf Galaxy||54||By 2016|