The US

2020 Major US Store Closures and Openings Year to date in 2020, US retailers have announced 1,252 planned store closures and 2,026 openings. Our data represents closures and openings by calendar year, so these totals include announcements made in 2019 of closures and openings expected to fall in 2020.

What Is Happening This Week in the US

At Home Expands Retail Footprint Home décor and furnishings retailer At Home has opened five stores so far this month. The new stores include two in Washington and one each in Arizona, South Dakota and Ohio. Another store in Clovis, California, is set to open before the end of February. At Home will then operate 218 stores across 39 US states. Pier 1 Imports Files for Chapter 11 Bankruptcy Home décor and furniture retailer Pier 1 Imports has commenced Chapter 11 bankruptcy proceedings in the US. It has entered into a plan support agreement with a majority of its term loan lenders. The retailer intends to pursue the sale of its business and also expects to complete previously announced closures—up to 450 stores and two distribution centers—during this process. Coresight Research insight: Pier 1 Imports has struggled in recent years with declining store revenues in the face of intense competition from e-commerce retailers such as Amazon, Etsy and Wayfair, as well as physical outlets such as Home Goods. Pier 1 Imports had commenced a three-year strategic turnaround plan in 2018, which involved making changes to product sourcing, merchandising, digital marketing, pricing and store design, but this has not proved successful in terms of reviving its business. Rodd & Gunn To Open Two Stores New Zealand-based menswear retailer Rodd & Gunn has announced plans to open two stores in California this year, which will bring its total US store count to 10. The new stores, which will be located at Westfield Valley Fair shopping mall and Broadway Plaza, will open in March and July respectively. Wren Kitchens To Debut in the US British retailer Wren Kitchens plans to open its first US store in Milford, Connecticut, this summer. The 31,465-square-foot store will showcase more than 100 kitchen displays and offer a 3D virtual-reality experience to help customers create a customized kitchen. The retailer also plans to open more stores in Northeast US in addition to a manufacturing facility in Northeast Pennsylvania this year.

Non-Store-Closure News

Francesca’s Appoints Former Ascena Executive as President and CEO Francesca’s Holdings Corporation has appointed Andrew Clarke as its President and CEO and a member of the Board, effective March 9, 2020. Clarke will succeed Michael Prendergast, who has served as CEO on an interim basis since February 4, 2019. Clarke most recently served as the President of LOFT, an Ascena Retail Group-owned women’s apparel brand. [caption id="attachment_103962" 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 Bed Bath & Beyond, Foot Locker, Gap, GNC, H&M, Kmart, Sears and Signet Jewelers among others. Estimates for Bed Bath & Beyond, Foot Locker, GNC, G-III Apparel and H&M are based on the existing proportion of stores in the US. Build-A-Bear, Chico’s, Gap, GNC and Signet Jewelers closures pertain to North America closures. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Gap includes Gap, Old Navy, Banana Republic, Athleta and Intermix banners. Lululemon closures pertain to its Ivivva banner. Macy’s includes Macy’s and Bloomingdale’s banners. Signet Jewelers includes Kay, Zales, Peoples, Jared and regional banners. Stage Stores includes Bealls, Goody’s, Palais Royal, Peebles and Stage banners.
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_103963" 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 Aldi, Casey’s, Dollar General, Foot Locker, Gap and H&M among others. Estimates for Bed bath & Beyond and Foot Locker are based on the existing proportion of stores in the US. Gap, Sephora and Under Armour openings refer to North America openings. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Gap includes Gap, Banana Republic, Athleta and Intermix banners. Hibbett Sports includes Hibbett and City Gear banners.
Source: Company reports/Coresight Research[/caption]   2020 Major US Uncharted Openings and Closures The table below shows announced openings and closures not included in our totals, as the companies did not provide detail on timing or location. [caption id="attachment_103964" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_103965" 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, Pier 1 Imports, Signet Jewelers, Tuesday Morning and Walgreens. Our closure estimates for Bed Bath & Beyond, Burberry, GameStop, Gap, GNC, GIII and Foot Locker are based on the proportion of existing stores in the US. Ascena Retail includes Dressbarn. Foot Locker includes Foot Locker, Lady Foot Locker, Kids Foot Locker, Champ Sports, Footaction and SIX:02 banners. Gap includes Gap, Old Navy, Banana Republic, Athleta and Intermix banners. Lululemon includes Lululemon and Ivivva banners. Tailored Brands includes Men’s Wearhouse, Men’s Wearhouse and Tux, Jos. A. Bank and K&G banners. Tapestry includes Coach, Kate Spade and Stuart Weitzman. Ralph Lauren and Tapestry closures pertain to North America. RTW Retailwinds includes New York & Company and Fashion to Figure banners.
*Total includes a small number of retailers that each announced fewer than 14 store openings and are not included in the chart.
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_103966" 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, Costco, Dollar Tree, Five Below and Family Dollar. Estimates of store openings for Bed Bath & Beyond, Foot Locker, Gap, Levi’s and Lululemon are based on the proportion of existing stores in the US. Estimates of store openings for H&M and TJX are based on net new stores in the US. Amazon includes Amazon Go, Amazon Books and Amazon 4-Star stores. Foot Locker includes Foot Locker, Lady Foot Locker, Kids Foot Locker, Champ Sports, Footaction and SIX:02 banners. Gap includes Gap, Old Navy, Banana Republic, Athleta and Intermix banners. Sears includes Sears and Kmart banners. Macy’s includes Bloomingdale’s and Bluemercury banners. Tailored Brands includes Men’s Wearhouse. Tapestry includes Coach, Kate Spade and Stuart Weitzman. TJX includes TJ Maxx, Marshalls, HomeGoods, Sierra and HomeSense. Dufry AG, Ralph Lauren, Tapestry and Tempur Sealy openings refer to North America openings. RTW Retailwinds includes the New York & Company and Fashion to Figure banners.
*Total includes a small number of retailers that each announced fewer than 11 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]   2020 Major US Retail Bankruptcies [caption id="attachment_103967" align="aligncenter" width="700"] *Fairway Market filed for bankruptcy for the second time after entering and exiting bankruptcy in 2016.
Source: Company reports/Coresight Research[/caption]   2019 Major US Retail Bankruptcies [caption id="attachment_103968" align="aligncenter" width="700"] *A’gaci filed for bankruptcy for the second time after entering and exiting bankruptcy in 2018.[/caption]  

The UK

2020 Major UK Store Closures and Openings For 2020, major retailers in the UK have announced 444 store closures and 364 store openings. Our data represents closures and openings by calendar year.

What Is Happening This Week in the UK

Beales Set To Close Remaining 11 Stores Department-store chain Beales is preparing to close its remaining 11 stores in the UK, as it has failed to receive any “deliverable offer” for the sale of its business. Administrator KPMG stated that it is negotiating with interested parties regarding a sale. Last week, the retailer announced plans to close 12 of its 23 stores in the UK. Marks & Spencer Warns of More Store Closures Marks & Spencer’s Chairman Archie Norman and CEO Steve Rowe have reportedly warned landlords that the retailer could close more underperforming stores, according to The Times. These potential store closures are over and above the 110 stores that it has already planned to close as a part of a store optimization plan. In 2019, Marks & Spencer announced plans to close 110 stores, including 85 full-line stores and 25 Simply Food stores. Shoe Zone Warns of Store Closures Footwear retailer Shoe Zone has warned that it could close 100 stores unless the government makes changes to business rates. The retailer’s CEO Anthony Smith stated that despite rent reductions across its 500 stores, the amount that Shoe Zone pays in business rates had increased from 26% to 54% in the past 10 years. Last year, former CEO Nick Davis stepped down from his role after warning that profits would decline. These potential closures have not been included in our closures chart as they are yet to be confirmed. The Food Warehouse Opens Flagship Store in Northern Ireland Grocery retailer The Food Warehouse has opened its first Northern Ireland store in Longwood Retail Park, Newtownabbey. The 9,500-square-foot flagship store is the retailer’s 121st store since it opened the first in 2014. Iceland, parent company of The Food Warehouse, has invested around £1 million ($1.3 million) on this new store.

Non-Store-Closure News

Primark Opens Pop-Up Store Primark, a subsidiary of Associated British Foods, opened its first-ever pop-up store on February 18, 2020 at Boxpark Shoreditch in East London. The retailer has launched its new Wellness collection at the 1,500-square-foot store. which offers more than 75 products in womenswear, menswear, homeware and skincare categories. The pop-up will remain open until March 8, 2020. [caption id="attachment_103969" 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 Boots, Debenhams, H&M, M&S and Sainsbury’s. Arcadia refers to Topshop and Topman banner store.
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_103970" 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 Aldi, B&M, H&M, Lidl, M&S and Sainsbury’s. Card Factory is based on the proportion of net existing stores in the UK.
Source: Company reports/Coresight Research[/caption]   2020 Major UK Uncharted Openings and Closures [caption id="attachment_103971" align="aligncenter" width="700"] Source: Company reports/Coresight Research[/caption]   [caption id="attachment_103972" 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, Burberry, Homebase, Laura Ashley, M&S, New Look and Office. Arcadia includes Topshop, Topman and Miss Selfridge banners.
*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_103973" 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, Iceland, Heron Foods and M&S. Our estimate of store openings for Card Factory is based on the proportion of net existing stores in the UK. Abercrombie & Fitch includes Abercrombie & Fitch and Hollister banners. Urban Outfitters includes the Anthropologie banner. H&M includes H&M and Weekday brands.
*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]   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.