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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.Non-Store-Closure News
Heritage Home Files for Bankruptcy Heritage Home Group, a furniture retailer and wholesaler, has filed for Chapter 11 bankruptcy after weathering declining sales over the years. The group, which owns the Thomasville & Co. brand, had undergone several rounds of cost cutting in the past, but experienced a 27% decline in sales year over year for the first five months of 2018. United Natural Foods Agrees to Acquire SuperValu United Natural Foods (UNFI), a natural and organic foods distributor, has agreed to acquire grocery retailer SuperValu in a deal worth $2.9 billion including debt. The deal will see UNFI broaden its range and extend its reach, according to a statement from UNFI CEO Steve Spinner.
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?
No Major Store Closure Announcements This week saw no announcements with regard to store openings or closures of any major retailers in the UK.Non-Store-Closure News
Wyevale Sells Eight Garden Centers to Blue Diamond Wyevale, the UK’s largest garden center chain, came to an agreement with Blue Diamond, the UK’s third-largest garden center chain, to complete the sale of eight garden centers to the latter. Terra Firma, Wyevale’s parent company, had previously appointed property advisors Christie & Co in May to supervise the sale of its 145 garden centers. Blue Diamond plans to invest £16 million towards remodelling these centers across the next three years.
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