Erin Stafford
Erin Stafford Managing director, North American CMBS, DBRS

When multiple big-box retail stores announced their closures in 2017, the U.S. saw massive closures nationwide. Colorado was not spared the onslaught, hemorrhaging chain retail businesses like Gymboree, Radioshack and Family Christian Stores LLC in the same year. Despite surprisingly optimistic numbers reported by many department stores during the 2017 end-of-year holiday season, 2018 is seeing some anticipated shutdowns across the centennial state. Meanwhile, the big-box retail void is slowly being taken over by discount stores like Dollar Tree and Dollar General.

Stephanie Hughes
Stephanie Hughes Business writer, North American CMBS, DBRS

Nationwide, the biggest retail loser is ToysRUs, a big-box toy store founded in 1948, which operated 880 U.S. locations at the top of the year. This comes as no surprise as U.S. sales have been on the decline, dropping about 15 percent this holiday season from last year, according to Bloomberg. The company announced its bankruptcy and is expected to close around 180 locations across the U.S. based on retail metrics. American Apparel is next on the list of affected general stores as the apparel retailer is planning to close 97 stores nationwide. Though it has been a part of North American affordable retail since its opening in 1987, the mass closures stem from a history of financial issues within the company. Finally, Kmart is the last in the top-three hardest-hit retailers with a loss of 64 stores across 47 states. The big-box department franchise, which purchased Sears in 2004, operated 735 store locations as of January 2017, according to the Sears Holding Corp. annual report.

Colorado’s retail scene, on the other hand, has a much more positive outlook, according to metrics run by retail analyst group Creditntell. The state only reported four store…