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Retailers fading the U.S. store closing trend

Published 05/10/2017, 10:14 AM
© Reuters.  Retailers fading the U.S. store closing trend
  • Business Insider's Hayley Peterson posts a list of retailers that are going against the widespread trend of closing stores in the U.S. this year.
  • Topping the list are discounters Dollar General (NYSE:DG) and Dollar Tree (NASDAQ:DLTR), which are both seen as somewhat insulated from the Amazon (NASDAQ:AMZN) Effect, with plans to add 1K and 650 stores, respectively.
  • Other companies in the sector looking to add at least 100 stores this year in the U.S. are O'Reilly Automotive (NASDAQ:ORLY), AutoZone (NYSE:AZO), Ulta Beauty (NASDAQ:ULTA), Tractor Supply (NASDAQ:TSCO) and German grocer Lidl.
  • Retail chains with a plan to add at least 50 stores include Ross Stores (NASDAQ:ROST), Sephora (OTCPK:LVMHF, OTCPK:LVMUY), TJ Maxx (NYSE:TJX), privately-owned Hobby Lobby, Wal-Mart (NYSE:WMT), Kroger (NYSE:KR), and Aerie (NYSE:AEO).
  • Despite the growth trend from the retailers listed above, Credit Suisse (SIX:CSGN) expects total U.S. store closures of about 8.6K this year, which would be a new record high.
  • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, UGE, SZK, CNDF, FTXD, IBUY, JHMC.
  • Now read: Ignoring The Noise On Kroger


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