The US

2019 Major US Store Closures and Openings Year to date in 2019, US retailers have announced they will close 7,888 stores and open 3,239. 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 5,844 closures and 3,258 openings for the full year 2018. Our data represents closures and openings by calendar year. We revised down our total for US store closures due to revised estimates for Avenue.

What Is Happening This Week in the US

Acme Markets to Close Four Stores Supermarket chain Acme, a subsidiary of Albertsons Companies, has announced it will close four stores in New Jersey and New York in fall 2019. Three stores located in New Jersey are slated to close on October 2 and one store located in Eastchester, New York, is scheduled to close on November 4. Amazon Opens 4-star Store in Seattle Amazon has opened a 4-star store in the Amazon office tower in Seattle and plans to open one in Boston. Amazon opened Amazon Books in Colorado in March and plans to open one more this year in Nashville. Two Amazon Go stores opened in New York in 2019 and the company plans to open three more stores, one in Seattle and two in Chicago. Coresight Research Insight: The online giant is growing its physical shopping presence as it aspires to expand into further categories and reach more consumers offline. Sales at Amazon’s physical stores (mostly Whole Foods) grew 1% to $4.3 billion in 2Q19, and were dwarfed by revenues generated online ($31 billion) and by third-party seller services ($12 billion). Home Depot Opens a Store Home Depot reported it opened one new store in the US in its second quarter 2019. [caption id="attachment_95043" 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.
*Total includes a small number of retailers that each announced less than seven store openings and are not included in the chart.
**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_95044" 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. Our estimate of store openings for Levi’s and Foot Locker is based on proportion of existing stores in the US. Store total for Amazon includes Amazon Go (5), Amazon Books (2) and Amazon 4-Star (2) stores
*Total includes a small number of retailers that each announced less than four 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]   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_95045" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_95046" 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_95051" 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_95053" align="aligncenter" width="700"] *A’gaci filed for bankruptcy for the second time after entering and exiting bankruptcy in 2018 Source: Company reports/Coresight Research [/caption]   2018 Major US Retail Bankruptcies   [caption id="attachment_95054" 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 427 store closures and 626 store openings. Our data represents closures and openings by calendar year.

What Is Happening This Week in the UK

Sports Direct Shuts Eight Jack Wills Stores Sports Direct has shut eight Jack Wills stores in the UK and could shut more stores if it is unable to reach an agreement with landlords to lower rents. Sports Direct acquired Jack Wills out of administration in early August. The stores affected are located in Marlborough, Durham, Kingston, Derby, Reigate, Rock, Tunbridge Wells and St. Albans. Truworths to Close 15 Office Stores South African retailer Truworths has announced plans to shut 15 underperforming UK Office stores in the next two years, with the possibility of more store closures in the future. The retailer intends to focus on inventory management and enhancing its online offering to boost sales. [caption id="attachment_95055" 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, New Look and Office
*Total includes a small number of retailers that each announced one or two store closures and are not included in the chart
Source: Company reports/Coresight Research [/caption]   [caption id="attachment_95056" 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. Our estimate of store openings for Card Factory is based on proportion of net existing stores in the UK.
*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_95057" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_95058" 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_95059" 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.