The US

2019 Major US Store Closures and Openings Year to date in 2019, US retailers have announced they will close 6,986 stores and open 2,985. Coresight Research estimates US store closures could reach 12,000 by the end of 2019. By week 15 of 2019, year-to-date announced closures had already exceeded the total for all of 2018. We recorded 5,864 closures and 3,251 openings for the full year 2018. Our data represent closures and openings by calendar year.

What Is Happening This Week in the US

Rebag Continues Announced Store Openings Luxury handbag reseller Rebag has opened its seventh store: At 2,800 square feet, it’s Rebag’s largest store. The Miami store features an outdoor courtyard showcasing murals by street artist Andrea von Bujdoss. This is the second of 30 announced openings after Rebag raised $25 million in its Series C funding round in February this year, led by private equity company Novator, with participation from General Catalyst and FJ labs. Coresight Research insight: Recommerce is a dynamic and growing business as shoppers seek value and others look to sell lightly used designer and contemporary branded apparel and accessories. Some designer handbags are appreciating assets, and many hold their value better than apparel. We are seeing mom and pop consignment shops struggle as digitally native recommerce brands attract a wider audience. Duluth Trading to Open a Store in Mall of America Apparel and accessories retailer Duluth Trading has announced plans to debut a new store concept in the Mall of America. The store will carry Duluth’s top-selling styles. Duluth Trading CEO Stephanie Pugliese said, “We are very excited to launch this new concept store in Mall of America, which attracts 40 million annual visitors and is the number one tourist destination in the Midwest.” Ascena Update Following Ascena Retail’s latest quarterly report on June 10, we updated our full-year 2019 estimate for store closures by the group. This lowered our total figure for announced closures in 2019.   [caption id="attachment_91436" align="aligncenter" width="720"] 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 Abercrombie & Fitch, Ascena Retail, Chico’s, Hibbett Sports, Signet Jewelers, Tuesday Morning and Walgreens
* Ascena Retail excluding Dressbarn; these estimates were revised in week 24 from 400 to 120 based on closures announced in the company’s latest results.
Source: Company reports/Coresight Research [/caption]   [caption id="attachment_91437" align="aligncenter" width="720"] 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, Five Below, Family Dollar, Dollar Tree and Costco
*Indochino openings refer to North America total openings, excluding one opening announced for the Greater Toronto Area.
Source: Company reports/Coresight Research[/caption]   2019 Major US Uncharted Openings and Closures The table below shows announced openings and closures that we have not included in our totals, as the companies did not provide detail on timing or location. [caption id="attachment_91441" align="aligncenter" width="720"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_91442" align="aligncenter" width="720"] *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
***Urban Outfitters includes the Urban Outfitters, Free People and Anthropologie banners
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_91443" align="aligncenter" width="720"] *Total includes a small number of retailers that each announced one or two store openings and are not included in the chart above
**Urban Outfitters includes the Urban Outfitters, Free People and Anthropologie banners
***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 Retail Bankruptcies [caption id="attachment_91444" align="aligncenter" width="720"] Source: Company reports/Coresight Research[/caption]   2018 Major US Retail Bankruptcies [caption id="attachment_91445" align="aligncenter" width="720"] *A’gaci emerged from bankruptcy in August 2018
**Mattress Firm emerged from Bankruptcy in November 2018
***Sears Holdings emerged from bankruptcy in January 2019
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 325 store closures and 444 store openings. Our data represent closures and openings by calendar year.

What Is Happening This Week in the UK

Iceland Announces Plans to Open 50 Stores Grocery retailer Iceland has announced plans to open 50 stores in the UK in its current financial year, ending March 2020, of which 14 stores have already opened. The remaining openings will include 34 branches of The Food Warehouse, Iceland’s banner that allows customers to shop in bulk. Iceland has opened stores in Bargoed, Coventry, Chesterfield, Craigavon, Fox Valley, Grantham, Rawtenstall and Sheffield so far this year. We have calendarized our figure for Iceland in the 2019 store-openings chart. [caption id="attachment_91446" align="aligncenter" width="720"] 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 Homebase, Laura Ashley and New Look
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_91447" align="aligncenter" width="720"] 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 Iceland
Source: Company reports/Coresight Research[/caption]   2019 Major UK Uncharted Openings and Closures [caption id="attachment_91448" align="aligncenter" width="720"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_91449" align="aligncenter" width="720"] 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_91450" align="aligncenter" width="720"] 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, Iceland, Lidl, M&Co, M&S, Pets at Home, Sainsbury’s and Smiggle
Source: Company reports/Coresight Research[/caption]   Notes Figures represent store openings and closures that occurred, 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.