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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 2,239.What Is Happening this Week in the US?
No Major Store Closure Announcements
This week saw no announcements with regard to store openings or closures of any major retailers in the US.
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 1,215 store closure announcements and 635 store opening announcements.What Is Happening this Week in the UK?
Homebase Continues to Shut Stores
Homebase continues to shut stores; the latest casualty is its Exeter store, which will shut on September 21. A total of 40 stores have been announced for closure so far this year.Non-Store-Closure News
Tesco to Take on Aldi and Lidl in the Discount Retail Segment
Tesco is planning to launch a chain of discount stores and is set to compete with Aldi and Lidl in their niche space. The company is expected to convert some of its existing stores to discount shops, which will likely operate under a new brand name. 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: 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