Dec 14, 2018
5 min

Weekly Store Openings and Closures Tracker 2018, Week 50: H&M Home to Open Second Store in London

Insight Report
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Coresight Research tracks store openings and closures for a selected group of retailers in the US and the UK, as well as major US store bankruptcies. 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 stores, including, but not limited to, those selling softlines, hardlines, consumer electronics, groceries and furniture.

2018 Major US Store Closures and Openings

Year to date in 2018, US retailers have announced they will close 5,436 stores and open 2,963.
What Is Happening This Week in the US?
No major store openings or closures were reported in the US this week.  
*Total includes a small number of retailers that each announced one store opening and are not included in the chart above. Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers, including Ascena Retail, Casey’s General Stores, Gap, H&M, Lord & Taylor, Mattress Firm, Michael Kors, The Children’s Place and Vera Bradley. Tapestry and Victoria’s Secret store numbers are for North America. Source: Company reports/Coresight Research
*Total includes a small number of retailers that each announced one store opening and are not included in the chart above. Coresight Research attributes store openings and closures based on the year in which they are expected to occur, not when they are announced. This involves an estimation for some retailers, including Aldi, Casey’s General Stores, Casper Sleep, Gap, Lidl and Mackage.. Lululemon Athletica, Tapestry and Victoria’s Secret store numbers are for North America. Store opening count for Amazon includes both Amazon Go (6) and Amazon 4-Star (3) stores. Source: Company reports/Coresight Research

Year-to-Date 2018 Major US Store Bankruptcies

Source: Company reports/Coresight Research
*Total includes a small number of retailers that each announced one store closure and are not included in the chart above. Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers. Source: Company reports/Coresight Research
*Total includes a small number of retailers that each announced one store closure and are not included in the chart above. Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers. Source: Company reports/Coresight Research

2017 Major US Store Bankruptcies

Source: Company reports/Coresight Research

2018 Major UK Store Closures and Openings

Year to date in the UK, retailers have announced 1,395 store closures and 784 store openings.
What Is Happening This Week in the UK?
H&M Home Set to Open Second Store in London Swedish clothing retailer H&M has announced that it will open its second H&M Home concept store in London next spring. The new store will be located on Regent Street and will offer the full H&M Home range, including the recently launched furniture and lighting categories. The Home range was first introduced in 2009, but was launched as a stand-alone H&M store only earlier this year. Amazon Go Reportedly Set to Open First UK Store E-commerce giant Amazon is reportedly eyeing a spot close to Oxford Circus in central London for its first Amazon Go store in the UK. If the cashierless grocery store opens, it will be the first of its kind in the UK and also the first outside the US. We await confirmation regarding this development before adding it to our store openings total.
*H&M store closures include the Cheap Monday banner. Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers, including Argos, B&M, Homebase, M&S, Monsoon Accessorize, Sainsbury’s and Tesco. Source: Company reports/Coresight Research
Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers, including Aldi, B&M, Footasylum, Greggs, Habitat, Hema, Heron Foods, House, Lidl, M&Co, M&S, Sainsbury’s, Pets at Home and Smiggle. Source: Company reports/Coresight Research

2017 Major UK Store Closures and Openings

*Total includes a small number of retailers that each announced one store closure and are not included in the chart above. Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers. Source: Company reports/Coresight Research
*Total includes a small number of retailers that each announced one store opening and are not included in the chart above. Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers. Source: Company reports/Coresight Research

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