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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 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, U.S. retailers announced they will close 1,170 stores and open 1,176 stores. Our data represent closures and openings by calendar year, so these totals include announcements made in 2018 of closures and openings expected to fall in 2019.What Is Happening This Week in the US?
Lidl Plans to Open Three Stores in Atlanta German discount grocery retailer Lidl announced it plans to open three stores in the Atlanta region over a span of four weeks beginning in Powder Springs, followed by Snellville and Mableton. Wegmans Set to Open Stores in Three New Markets Supermarket chain Wegmans Food Markets announced plans to open a store each in New York City, North Carolina and Virginia, its first stores in these markets. The retailer which currently operates 98 stores in six states also plans to open another four stores in North Carolina in the future. We have not added the four North Carolina stores to our tracker currently as the company has not confirmed timelines. JCPenney Announces Intention to Close Three Stores JCPenney announced that it will close three stores this spring “as part of an ongoing evaluation of its store portfolio occurring over the next few months.” The retailer announced earlier this week that same-store sales fell 3.5% on an adjusted basis and 5.4% on an unadjusted basis for the nine-week period ended January 5. The company is expected to divulge further information on which specific stores will close on February 28 when it reports its fourth quarter and full year results according to a company press release.
Source: Company reports/Coresight Research
Source: Company reports/Coresight Research
*Total includes a small number of retailers that each announced between one and five store closures and are not included in the chart above. Source: Company reports/Coresight Research
*Total includes a small number of retailers that each announced between one and five store closures and are not included in the chart above. Source: Company reports/Coresight Research
2018 Major US Store Bankruptcies
Source: Company reports/Coresight Research
The UK
2019 Major UK Store Closures and Openings Year to date in the U.K., retailers announced 225 store closures and 252 store openings. This data represents closures and openings by calendar year, so these totals include announcements made in 2018 expected to occur in 2019.What Is Happening This Week in the UK?
No major retailers in the UK reported closures or openings this week.Non-Store-Closure News
Hardy Amies Re-Enters Administration Luxury fashion house Hardy Amies has collapsed into administration for the second time in slightly over a decade. A statement by accountancy firm Menzies confirms the retailer had been operating at a loss for a while. The retailer is looking for potential buyers.
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 M&S Clothing & Home, New Look, Homebase and Laura Ashley. Source: Company reports/Coresight Research
Source: Company reports/Coresight Research
*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