The US

2019 Major US Store Closures and Openings Year to date in 2019, US retailers have announced they will close 7,567 stores and open 3,055. 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 3,258 openings for the full year 2018. Our data represents closures and openings by calendar year.

What Is Happening This Week in the US

Dressbarn’s Closure Plan on Schedule Clothing retailer Dressbarn has announced it will close nine Dressbarn stores this month and 53 stores by the end of August this year. The company previously announced it would close 25 stores in June. All are included in the 661 stores the company plans to close by the end of 2019. Toys “R” Us to Open Two New Stores Tru Kids Brand, parent company of Toys “R” Us, has announced it will open two new stores, one each in Houston and New Jersey. The new stores are a joint venture between Tru Kids and retail-as-a-service startup b8ta. These stores will be smaller in size and provide an interactive playground environment. Our openings total remains unchanged as these two new openings are included in previously announced openings for the year. Ross Stores Opens New Stores Department store retailer Ross Stores opened 22 Ross Dress For Less stores and six dd’s Discounts stores in June and July this year. These new openings are a part of the company’s previously announced plans to open 100 stores in 2019. Coresight Research Insight: Off-price retail continues to find opportunities in physical retail with its combination of value pricing, national brands and the experience of a treasure hunt. Limited merchandise creates a sense of urgency, driving conversion and sales. Giant Food Stores to Expand its Heirloom Market Concept Supermarket chain Giant Food Stores has announced it will open a Giant Heirloom Market in August this year in Philadelphia. The company opened its first Heirloom Market in January this year and plans to open two similar concept stores in Philadelphia in 2019. Skechers Opens Four Stores and Closes One Performance and lifestyle footwear retailer Skechers reported it opened four domestic warehouse stores and closed one store during its second quarter ended June 30, 2019. The retailer opened eight warehouse stores and closed three domestic concept stores in its previous quarter. GNC Plans to Close Around 900 Stores Health and wellness retailer GNC plans to shut around 900 stores by the end of 2020 with most of the closures planned at mall locations. This follows the company’s previous announcement in November last year that it expects to close between 700 to 900 stores over three years. Our charted figures are calendarized estimates for 2019. Coresight Research Insight: With health and wellness products more widely available across a range of retailers and online, legacy specialty retailers are at risk of losing their relevance. [caption id="attachment_93577" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this for some retailers, including Abercrombie & Fitch, Athleta, Ascena Retail, Chico’s, Gap, Hibbett Sports, Old Navy Signet Jewelers, Tuesday Morning and Walgreens. Our closure estimates for Athleta, Gap, GNC, GIII and Old Navy are based on the proportion of existing stores in the US.
*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_93578" align="aligncenter" width="700"] 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.
*Total includes a small number of retailers that each announced one or two store openings and are not included in the chart.
**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_93579" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_93580" align="aligncenter" width="700"] *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_93582" align="aligncenter" width="700"] *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_93584" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   2018 Major US Retail Bankruptcies [caption id="attachment_93585" align="aligncenter" width="700"] *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 408 store closures and 480 store openings. Our data represents closures and openings by calendar year.

What Is Happening This Week in the UK

Waitrose to Shut Seven Stores Supermarket chain Waitrose has announced it will shut three stores and sell four stores in autumn this year. Stores located in Bromley, Oadby and Wollaton will be sold to German supermarket chain Lidl while the buyer of the Sandhurst store has not yet been disclosed. Gerry Weber to Shutter All UK Stores German women’s fashion retailer Gerry Weber plans to shut all its UK stores by the end of October 2019, according to Drapers. The 2016/17 annual report (the latest available) from parent company Gerry Weber International stated the retailer had eight Gerry Weber and two outlet stores in the UK, but the company has not provided updated information on the current number of UK stores. Our closures chart has accounted for four closures based on standalone Gerry Weber stores currently listed on the company’s website. Lego Set to Open Two Stores Toy retailer Lego has announced plans to open two new stores in UK this year, at Bullring in Birmingham and Westquay Shopping Center in Southampton. [caption id="attachment_93586" align="aligncenter" width="700"] 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.
*Total includes a small number of retailers that each announced one store opening and are not included in the chart.
Source: Company reports/Coresight Research[/caption]     [caption id="attachment_93588" align="aligncenter" width="700"] 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.
*Total includes a small number of retailers that each announced one store opening and are not included in the chart
Source: Company reports/Coresight Research[/caption]   2019 Major UK Uncharted Openings and Closures [caption id="attachment_93589" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_93590" align="aligncenter" width="700"] 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_93592" 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.