Market Overview

Under Armour Has Opened The Most Mall Stores Since 2011, Sears Closed The Most

Under Armour Has Opened The Most Mall Stores Since 2011, Sears Closed The Most

Department store closures have long dominated retail apocalypse rhetoric.

While they do not necessarily spell the downfall of retail, struggling department stores have led mall closures since the turn of the decade.

From 2011 through 2016, Sears Holdings Corp (OTC: SHLDQ) has led mall store closures, with 130, Chain Store Age reported, citing ICSC numbers. J C Penney Company Inc (NYSE: JCP) and Macy’s (NYSE: M) have closed 102 and 89 stores in the same time frame, respectively.

Among the top 10 largest declines in mall store numbers, seven were department stores, including Dillard’s, Inc. (NYSE: DDS), Belk, Kohl’s Corporation (NYSE: KSS) and Burlington Stores Inc (NYSE: BURL).

Company-owned stores have seen the biggest increase in mall openings in this same time frame, with Under Armour Inc (NYSE: UAA) leading the way. The company has pursued aggressive growth in its branded stores and opened 39 of them from 2011-2016.

Fast fashion retailer H&M saw the second-biggest increase in mall openings with 30 stores. 

Michael Kors Holdings Ltd (NYSE: KORS), American Eagle Outfitters (NYSE: AEO), Dicks Sporting Goods Inc (NYSE: DKS), Nike Inc (NYSE: NKE), Adidas AG (ADR) (OTC: ADDYY) and Armani outlet rounded out the top 10.

Storch Advisors CEO Gerald Storch said on CNBC Friday that retailers offering truly differentiated products will win, naming Nike, Lululemon Athletica inc. (NASDAQ: LULU), Walmart Inc (NYSE: WMT) and, Inc. (NASDAQ: AMZN) as examples. 

"The losers are those who sell undifferentiated product that you get everywhere. In the internet era, their prices will come crashing down. You see company's like Sears. Penney's in is big trouble — this is their last big year. If it doesn't work, it's never going to work," Storch said.

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Photo by Dustin Blitchok.


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Posted-In: Chain Store Age CNBC Gerald Storch ICSC Storch AdvisorsRetail Sales Media Best of Benzinga