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Coresight Research tracks news about store closures and openings, bankruptcies and management changes. Our Weekly Store Openings and Closures Tracker focuses on department stores and specialty retail, including, but not limited to, softlines, hardlines, consumer electronics, grocery and furniture.
2018 Major US Store Openings and Closures
Year-to-date 2018, the number of US store closure announcements stands at 4,204 and the number of store openings is 2,153.What Is Happening this Week in the US?
The Fresh Market to Close 15 Stores
High-end grocery chain The Fresh Market is closing 15 stores in nine states—Georgia, Illinois, Indiana, Kentucky, North Carolina, New Hampshire, Tennessee, Virginia and Wisconsin. The retailer has been under pressure amid fierce pricing competition in the grocery industry.Bed Bath & Beyond to Close up to 40 Stores
New Jersey-headquartered retailer Bed Bath & Beyond plans to close approximately 40 stores in fiscal 2018 unless it is able to negotiate more favorable lease terms with its landlords. However, the retailer is also investing in its more popular stores, and plans to open another 20 Buy Buy Baby and Cost Plus World Market stores.Fabletics to Open 75 New Stores
Fabletics, the athletic apparel brand cofounded by Kate Hudson, announced that it will open 75 new stores across the US and international markets. Having completed five years in the athleisure industry, the company is now aggressively pushing for growth. No time frame was specified by the company for the completion of store openings.Nordstrom to Open Two New Local Stores in Los Angeles
Upscale department store chain Nordstrom plans to open at least two Nordstrom Local shops in Los Angeles and expand its service to New York. Nordstrom Locals are smaller stores with no inventory which are focused on providing a strong customer experience.JCPenney Debuts Second Brooklyn Store
JCPenney announced the opening of a second store in Brooklyn, capitalizing on the growth of the New York City market. The store will open on August 10, featuring the latest JCPenney brands and concepts in a sleek and modern store environment.H&M’s Store Openings and Closures
Swedish fashion retailer H&M has opened 13 stores and closed three stores in the US in the half-year ended May 31.Non-Store-Closure News
Walgreens Boots Alliance Acquires a 40% Stake in Chinese Pharmacy Chain
Drugstore retailer Walgreens Boots Alliance has completed its previously announced agreement to acquire a 40% minority stake in Sinopharm Holding Guoda Drugstores Co. Sinopharm is China National Pharmaceutical Group Corporation’s retail pharmacy platform and operates more than 3,800 retail pharmacies across around 70 cities.
Coresight Research has calendarized store openings/closures to attribute them to the year in which they fell or are expected to fall. This involves an estimation for some retailers. These include: Ascena, Gap, Lord & Taylor, The Children’s Place and Vera Bradley. Source: Company reports/Coresight Research
Coresight Research has calendarized store openings/closures to attribute them to the year in which they fell or are expected to fall. This involves an estimation for some retailers. These include: Aldi, Costco, Gap, Lidl, Mackage. Store-opening numbers for Fabletics have not been calendarized as the retailer did not provide a time frame. Source: Company reports/Coresight Research
Year-to-Date 2018 Major US Store Bankruptcies
Source: Company reports/Coresight Research
2017 Major US Store Openings and Closures
Coresight Research has calendarized store openings/closures to attribute them to the year in which they fell or are expected to fall. This involves an estimation for some retailers. Source: Company reports/Coresight Research
Coresight Research has calendarized store openings/closures to attribute them to the year in which they fell or are expected to fall. This involves an estimation for some retailers. Source: Company reports/Coresight Research
2017 Major US Store Bankruptcies
Source: Company reports/Coresight Research
2018 Major UK Store Openings and Closures
Year to date in the UK, there have been 999 store closure announcements and 632 store opening announcements.What Is Happening this Week in the UK?
Poundworld to Close 25 Stores by Mid-July
Poundworld, the struggling discount retailer, will close 25 stores, resulting in 242 job losses. The stores named for closure will operate until July 15.Mothercare to Close 10 More Stores
Following Mothercare’s announcement in June of the planned closure of 50 stores, the retailer has announced a further 10 closures. Some of that increase comes from the decision to put its Children’s World subsidiary, which houses 22 of its stores, into administration. Mothercare will transfer 13 Children’s World outlets to other parts of its business.H&M Store Openings and Closures
H&M opened seven stores and closed eight stores in the UK in the half-year ended May 31.
Coresight Research has calendarized store openings/closures to attribute them to the year in which they fell or are expected to fall. This involves an estimation for some retailers. These include: Argos, B&M, M&S, Monsoon Accessorize, Sainsbury’s and Tesco. Source: Company reports/Coresight Research
Coresight Research has calendarized store openings/closures to attribute them to the year in which they fell or are expected to fall. This involves an estimation for some retailers. These include: Aldi, B&M, Foot Asylum, Greggs, Hema, Heron Foods, House, Lidl, M&Co, M&S, Pets at Home and Smiggle. Source: Company reports/Coresight Research
2017 Major UK Store Openings and Closures
*Total includes a small number of retailers that each announced one store closure and are not charted. Coresight Research has calendarized store openings/closures to attribute them to the year in which they fell or are expected to fall. This involves an estimation for some retailers. Source: Company reports/Coresight Research