Coresight Research tracks news about store closures, openings and bankruptcies. 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.

The US

2019 Major US Store Closures and Openings Year to date in 2019, US retailers have announced they will close 4,810 stores and open 2,264. Our data represent closures and openings by calendar year.

What Is Happening This Week in the US

Dollar Tree Inc. Plans to Open 350 Dollar Tree and 200 Family Dollar Stores Discount variety store operator Dollar Tree Inc. this week announced plans to open 350 new Dollar Tree stores and 200 new Family Dollar stores this year. The retailer also plans to close around 390 underperforming Family Dollar stores and renovate at least 1,000 Family Dollar stores. Foot Locker Plans to Close 165 Stores and Open 80 New Stores Globally Athletic clothing and footwear retailer Foot Locker has announed plans to shutter around 165 stores with an unspecified majority being US-based stores. As the company did not specifiy the number of US closures, we have not recorded the planned closures to our closures total. Additionally, the retailer stated that it plans to open 80 new stores, but did not specify how many of these would be in the US and so we have not recorded this number in our openings total. Victoria’s Secret Set to Shut 50 US Stores Women's lingerie, womenswear and beauty product retailer Victoria’s Secret announced that it will close 53 stores across North America this year owing to declining sales and poor store performance. Some 50 of the closures will be in the US and the remaining three will be in Canada. Peloton to Open 100 Stores Exercise bike brand Peloton has announced plans to open around 100 new stores this year to add to its existing network of 60 stores. The company, which has stores in the US, UK and Canada, did not specify the number of new stores that will open in each of these countries and so we have not included them in our US or UK openings totals. JCPenney Plans to Close 27 Stores Department store chain JCPenney has announced it plans to shutter 27 stores this year, which include 18 full-line department stores and nine home and furniture stores. This follows a 4% decline in same-store sales during the holiday quarter. “The stores identified for closure either require significant capital, are minimally cash flow positive today relative to the company’s overall consolidated average or represent a real estate monetization opportunity,” said the company. Gap to Close 230 Stores Globally Apparel retailer Gap Inc. has announced it will close 230 Gap stores over a two-year period, with 130 slated for closure in 2019. Most will be in North America, including some from Canada. The company did not give a specific number of stores that will close in the US, so we have not included these in our closures total. Gap recently announced it will split into two publicly traded companies: Old Navy and a new entity that will include the company’s other banners including Gap, Athleta and Banana Republic. Abercrombie & Fitch to Close 40 Stores Specialty retailer Abercrombie & Fitch this week announced that it intends to close up to 40 stores, primarily in the US, by the beginning of February next year. Amazon Set to Close All Its Pop-Up Stores Amazon has announced that it will shut all of its 87 pop-up stores by the end of April this year as it shifts its focus toward opening more book stores and 4-star stores, which sell products rated four stars or higher by Amazon customers. Our store closure data does not include temporary stores such as pop-ups. Many Amazon’s pop-ups are shops-in-shops rather than standalone pop-ups. Non-Store-Closure News Diesel USA Files for Bankruptcy Jeans, clothing and accessories manufacturer and retailer Diesel USA has filed for Chapter 11 bankruptcy protection owing to mounting losses, a fall in sales, expensive leases and multiple incidents of cyber fraud. The retailer does not intend to wind up its operations, but instead plans to exit some of its 28 stores as part of a plan to revive the Diesel brand in the US. The company’s court papers also describe a plan to open new stores and retrofit some old stores to make them more economical. Automotive Brand Tesla to Close Most Stores Tesla announced it would close most of its stores in a cost-cutting move. The company has 378 stores and service locations worldwide. Our store-closure data do not cover the automotive sector, so we have not included these closures in our tracker. [caption id="attachment_79584" align="aligncenter" width="800"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_79585" align="aligncenter" width="800"] *Total includes retailers that have announced multi-year store opening plans which have been included based on an estimate for each year, which includes Aldi’s five-year plan for store openings through 2022
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_79586" align="aligncenter" width="800"] *Total includes a small number of retailers that each announced between one and five store closures and are not included in the chart above.
**Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners.
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_79587" align="aligncenter" width="800"] *Total includes a small number of retailers that each announced one or two store openings and are not included in the chart above
**Foot Locker includes Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners.
Source: Company reports/Coresight Research[/caption]   2019 Major US Store Bankruptcies [caption id="attachment_79588" align="aligncenter" width="800"] Source: Company reports/Coresight Research[/caption]   2018 Major US Store Bankruptcies [caption id="attachment_79589" align="aligncenter" width="800"] *A’gaci emerged from bankruptcy in August 2018
Source: Company reports/Coresight Research[/caption]  

The UK

2019 Major UK Store Closures and Openings Year to date in the UK, major retailers have announced 305 store closures and 327 store openings. Our data represent closures and openings by calendar year.

What Is Happening This Week in the UK

Paperchase to Shut Five Stores, 23 More at Risk Stationery retailer Paperchase has announced that at least five of its stores will close as part of its proposed restructuring plan under which the company is seeking a 50% reduction in rents on 28 of its stores for three months. The other 23 stores are also at risk of closure. The retailer, which has a total store of 145 stores, is currently engaged in a company voluntary arrangement (CVA) to renegotiate terms with its creditors. Debenhams Set to Close 50 Stores Department store retailer Debenhams this week issued a profit warning as sales continued to decline, and the company reaffirmed its previously announced plans to close around 50 stores. The company has not confirmed details regarding the timeline for these closures in its latest update but did say in October 2018 that these closures will take place over a three- to five-year period. Waitrose to Shutter Five Stores Supermarket chain Waitrose has announced it will close five stores, including supermarkets in Torquay and Teignmouth, which will close in June. The three further closures are in in Derbyshire, the Vale of Glamorgan and Leicestershire.

Non-Store-Closure News

Wyevale Sells Two More Garden Centers Garden center chain Wyevale has announced the sale of another two stores as part of its ongoing plan to scale down its store portfolio. The company’s Barnett Hill centre in the West Midlands has been sold to value gardening chain Cherry Lane, owned by the QD Group, while its Seven Hills centre has been acquired by a property development and investment company. With the latest two divestments, the company has sold 48 of its stores since the announcement of its restructuring plan in May 2018. [caption id="attachment_79590" align="aligncenter" width="800"] 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 Debenhams, Homebase, Laura Ashley and New Look
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_79591" align="aligncenter" width="800"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_79592" align="aligncenter" width="800"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur, and 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[/caption]   [caption id="attachment_79593" align="aligncenter" width="800"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur, and we estimate this information for some retailers, including B&M, Footasylum, Greggs, Habitat, Hema, Heron Foods, House, Lidl, M&Co, M&S, Pets at Home, Sainsbury’s and Smiggle
Source: Company reports/Coresight Research[/caption]  

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Notes Figures represent store openings and closures that occured, or are expected to occur, in the respective calendar years. For some retailers, store opening and closure numbers are estimated, including from part-year data, global figures or announced closure/opening programs that span multiple years. Estimates are updated as companies announce details. Figures for openings and closures are gross.