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 3,064. 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

Tractor Supply Opens 15 Tractor Supply Stores and One Petsense Store

Tractor Supply reported it has opened 15 new Tractor Supply stores and one new Petsense store in its second quarter of fiscal 2019. As of June 29, 2019, the company has opened 25 Tractor Supply stores and two Petsense stores this year. These openings are a part of the company’s previously announced plans to open 80 Tractor Supply stores and 10 Petsense stores in 2019.

Coresight Research Insight: Tractor Supply is a one-stop shop for people living a rural lifestyle. With increased interest in the lifestyle, the company has seen comparable store sales growth above 3% for eight consecutive quarters. Petsense is leveraging growing pet spending in the US, expect to reach $75.38 billion this year from $72.56 billion in 2018, according to the American Pet Products Association.

Whole Foods Market to Open a Store in Kenwood

Amazon-owned Whole Foods Market announced it will open a store in Kenwood, Ohio, on August 29, 2019. The company opened a store in Weehawken, New Jersey on July 26 and plans to open a store in Toledo (Ohio) on August 7, 2019. The company opened six other stores in the first half of this year.

  [caption id="attachment_94086" 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 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 announcement.
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_94087" 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 store opening 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_94114" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_94089" 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_94090" 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_94091" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]  

2018 Major US Retail Bankruptcies

[caption id="attachment_94092" 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 414 store closures and 549 store openings. Our data represents closures and openings by calendar year.

What Is Happening This Week in the UK

B&M Opens 12 B&M Stores and Six Heron Foods Stores

General merchandise retailer B&M reported the company opened 12 B&M banner stores and six Heron Foods stores in its first quarter ended June 29, 2019. The company previously announced plans to open 50 B&M banner stores and close five in fiscal 2020. It also intends to open between 15 and 20 Heron Foods net new stores in fiscal 2020. [caption id="attachment_94093" 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 B&M, Homebase, Laura Ashley and New Look
*Total includes a small number of retailers that each announced one or two store openings and are not included in the chart
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_94094" 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 and Heron Foods
*Total includes a small number of retailers that each announced one or two store openings and are not included in the chart
Source: Company reports/Coresight Research[/caption]     2019 Major UK Uncharted Openings and Closures [caption id="attachment_94115" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_94096" 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_94097" 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 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.