DETROIT – It's been a tough year for brick-and-mortar focused retailers.
2017 has been a ongoing flood of store bankruptcy announcements - seemingly at least once per month.
Here's what we've seen already in 2017:
- JC Penney has closed 130 stores nationwide, with seven in Michigan.
- Macy's closed 68 stores, with four closures in Michigan.
- KMart and Sears announced a slew of closings, with several in Michigan.
- Radio Shack closed 187 stores, including six in Michigan.
- Family Dollar closed 14 Metro Detroit stores.
- Payless ShoeSource closed nearly all 400 stores, including ten in Michigan.
- MC Sports announced they would be going out of business, including 22 stores in Michigan.
- Gymboree to close 350 stores, including 9 in Michigan.
- Rue21 closed 400 stores, including 16 in Michigan.
- Ann Taylor, Dress Barn, Loft, Lane Bryant will close stores.
- Bebe closing all 168 stores, including 3 in Metro Detroit.
- Michael Kors to close 100 to 125 stores.
- Clothing retailer Vanity files for bankruptcy, closing 140 stores.
- Sports Authority closing all 450 of its stores.
- Toys 'R' Us files for bankruptcy.
So, what's next for the retail business? As companies shift to online shopping, like Amazon, Walmart and Target - some have missed the boat, and it could be too late.
Here are five stores that could join the list of retailers closing stores next year:
Claire's, the low-cost clothing and jewelry outlet for teens, has not shifted to an online world. The chain has about 2,700 stores worldwide, and closed 166 of them in 2016. The company has a lot of debt and is one to keep an eye on for more closures.
The wedding boutique has more than 300 locations worldwide, but has more than $500 million in loans due by 2019.
The luxury department store put itself up for sale this year after a sales slump.
Bed Bath & Beyond
Bed Bath & Beyond shares plunged by about 12% in after-hours trading last month following a disappointing earnings report. The retailer said its net earnings for the second quarter of fiscal year 2017 were $94.2 million, a significant drop from the $167.3 million it reported for the same period last year. Same-store sales fell by about 2.6% from this time last year.