DIpil Das
2021 Major US Store Closures and Openings
This week, we discuss updates for Casey’s, Dillard’s, GameStop, Hermès, Schnucks, Vera Bradley and Vince Holding. In light of these updates, our 2021 US closures and openings counts stand at 4,624 and 4,217, respectively.
The charts below depict the week-by-week totals of announced US store closures and openings year to date in 2021 and 2020. For year-over-year comparisons, we are comparing closures and openings up to week 24 of 2021, ended June 18, 2021, to closures and openings tracked up to week 25 of 2020, ended June 19, 2020. Year to date in 2021, major retailers have announced 38.8% more openings and 4.0% more closures compared to the same period in 2020.
2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=232]
2020 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=233]
Coresight Research periodically updates the count for openings and closures when there are new updates or revisions to previous announcements from companies, and this could involve retrospective revisions of totals for some weeks. Source: Company reports/Coresight Research
Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for American Eagle, Bed Bath & Beyond, Children’s Place, Express, Gap, GNC, Godiva, Heritage Brands, JCPenney, H&M, L’Occitane, Michael Kors, Office Depot, RTW Retailwinds and Vitamin Shoppe, among others. Estimates for Banana Republic, Bed Bath & Beyond, Build-A-Bear, Chico’s, Fossil Group, Gap, Michael Kors Tapestry, and Signet Jewelers closures pertain to North America closures. Macy’s includes Macy’s and Bloomingdale’s banners. Ascena Retail Group includes Justice, Catherines, Ann Taylor, Lane Bryant, LOFT and Lou & Grey. Tapestry includes Coach, Kate Spade and Stuart Weitzman stores. Family Video, which operates primarily under a rental business model, is included in the chart since it also retails certain products and for comprehensiveness, given that its outlets would commonly be perceived as retail stores.
*Total includes a small number of retailers that each announced fewer than seven store closures and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_128751" align="aligncenter" width="725"]
Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for Aerie, Aldi, Casey’s, Dollar General, Dollar Tree, Lidl, Madison Reed and Payless, among others. Aerie, Bed Bath & Beyond, Chico’s, Michaels Old Navy and Signet Jewelers openings pertain to North America openings. TJX Companies includes Marmaxx (T.J. Maxx and Marshalls), HomeGoods, Sierra, and Homesense stores. Aerie includes Aerie stores and OFFLINE stores. Amazon includes Amazon Fresh and Amazon Go Stores.
*Total includes a small number of retailers that each announced fewer than seven store openings and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] 2021 Major US Uncharted Openings and Closures The table below details announced openings and closures not included in our totals, as the companies did not provide detail on timing or location. [wpdatatable id=1038 table_view=regular]
Source: Company reports/Coresight Research' This week, we saw updates from Casey’s, which changed our 2020 closures counts to 9,404. [caption id="attachment_128752" align="aligncenter" width="725"]
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, Heritage Brands, JCPenney, Kmart, Pet Valu, Sears and Signet Jewelers, among others. Estimates for Abercrombie & Fitch, American Eagle, Foot Locker, GameStop, GNC, G-III Apparel, Hollister and H&M are based on the existing proportion of stores in the US. Aerie, Banana Republic, Bed Bath & Beyond, Build-A-Bear, Chico’s, Gap, Genesco, Intermix, Michaels, Old Navy, Signet Jewelers, Tapestry and Williams-Sonoma closures pertain to North America closures. Ahold Delhaize includes Food Lion, Hannaford, Stop & Shop and The Giant Company banners. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Lululemon closures pertain to its Ivivva banner. Macy’s includes Macy’s and Bloomingdale’s banners. Papyrus includes American Greetings, Carlton Cards, Paper Destiny and Papyrus banners. Signet Jewelers includes Kay, Zales, Peoples, Jared, and regional banners. Stage Stores includes Bealls, Goody’s, Palais Royal, Peebles, and Stage banners. Ascena Retail Group includes Justice, Catherines, Ann Taylor, Lane Bryant, LOFT and Lou & Grey. Victoria’s Secret includes PINK and Victoria’s Secret banners.
*Total includes a small number of retailers that each announced fewer than 19 store closures and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_128753" align="aligncenter" width="725"]
Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for Abercrombie & Fitch, Aldi, Casey’s, Dollar General, Foot Locker, Gap, Hollister, and H&M, among others. Estimates for Abercrombie & Fitch, American Eagle, Foot Locker, Hollister, Home Depot and Levi’s are based on the existing proportion of stores in the US. Aerie, Athleta, Bed Bath & Beyond, Genesco, GNC, Michaels, Old Navy, Sephora, Tapestry, and Under Armour openings refer to North America openings. Ahold Delhaize includes Food Lion, Hannaford, Stop & Shop and The Giant Company banners. Amazon includes Amazon 4-Star and Amazon Go Grocery banners. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Hibbett Sports includes Hibbett and City Gear banners. Signet Jewelers includes Jared, Kay, Peoples, Zales and regional banners. TJX includes HomeGoods, Homesense, Marshalls, Sierra, and T.J. Maxx banners. Beauty Systems Group, a subsidiary of Sally Beauty Holdings, is charted under the parent banner.
*Total includes a small number of retailers that each announced fewer than seven store openings and are not included in the chart.
Source: Company reports/Coresight Research [/caption] 2021 Major US Retail Bankruptcies [wpdatatable id=1039 table_view=regular]
N/A – Not Available *Belk emerged from bankruptcy in February 2021 **The Collected Group emerged from bankruptcy in June 2021 Source: Company reports/Coresight Research 2020 Major US Retail Bankruptcies [wpdatatable id=1040 table_view=regular]
Revenue figure depicted for Centric Brands is for the nine-month period ended September 30, 2019. *Fairway Market filed for bankruptcy for the second time after entering and exiting bankruptcy in 2016; True Religion Apparel filed for bankruptcy for the second time after entering and exiting bankruptcy in 2017. **J.Crew Group includes J.Crew and Madewell banners; Ascena Retail Group includes Justice, Catherines, Ann Taylor, LOFT, Lane Bryant, and Lou & Grey banners; Le Tote includes Lord & Taylor banner; Tailored Brands includes Men’s Wearhouse and Jos. A. Bank, Moores Clothing for Men and K&G banners. N/A – Not Available Source: Company reports/Coresight Research
2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=234]
2020 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=235]
Coresight Research periodically updates the count for openings and closures when there are new updates or revisions to previous announcements from companies, and this could involve retrospective revisions of totals for some weeks Source: Company reports/Coresight Research
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 Arcadia Group, Argos, Edinburgh Woollen Mill, Jaeger, Marks & Spencer, Office, Ponden Home, Sainsbury’s, Truworth and WHSmith. McColl’s includes convenience stores and newsagents. Arcadia Group includes 21 Outfit stores and 10 other stores that have not yet been disclosed.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_128755" align="aligncenter" width="725"]
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, B&M, Flannels, Heron Foods, JYSK, Lidl, Planet Organic and Screwfix. Kurt Geiger includes Kurt Geiger and Carvela stores
*Total includes a small number of retailers that each announced fewer than two store openings and are not included in the chart.
Source: Company reports/Coresight Research [/caption] 2021 Major UK Uncharted Openings and Closures [wpdatatable id=1043 table_view=regular]
Source: Company reports/Coresight Research [caption id="attachment_128756" align="aligncenter" width="725"]
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, Marks & Spencer, Sainsbury’s, Truworth and WHSmith. Arcadia Group refers to the Topshop and Topman banner stores. McColl’s includes convenience stores and newsagents. Baird Group includes Ben Sherman, Jeff Banks and Suit Direct licensed stores, among others.
*Total includes a small number of retailers that each announced fewer than seven store openings and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_128757" align="aligncenter" width="725"]
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, Marks & Spencer and Sainsbury’s. Card Factory is based on the proportion of net existing stores in the UK. Source: Company reports/Coresight Research
*Total includes a small number of retailers that each announced fewer than seven 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. Figures represent retail closures (i.e., B2C), so closures by solely B2B companies are excluded.
2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=232]
2020 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=233]
Coresight Research periodically updates the count for openings and closures when there are new updates or revisions to previous announcements from companies, and this could involve retrospective revisions of totals for some weeks. Source: Company reports/Coresight Research
What Is Happening This Week in the US
Dillard’s To Close One Store Department store chain Dillard’s plans to close a Dillard’s Clearance Center in Harlingen, Texas, by September 2021. The company operates 280 stores as of June 18, 2021. Hermès Opens One Store Luxury brand Hermès opened one store in Troy, Michigan on June 11, 2021. The store is located in Somerset Collection shopping mall and spans 3,100 square feet. The company operates 38 stores in the US as of June 18, 2021. Schnucks To Close One Store Supermarket chain Schnucks plans to close one store located in St. Louis County, Missouri, on June 27, 2021, citing low sales. The closure will take the company’s store count to 110.Quarterly Store Openings/Closures Settlement
Casey’s Provides Store-Count Update Convenience store chain Casey’s closed eight stores in 2020 and closed five in year-to-date 2021. The company operates 2,243 stores as of May 1, 2021. GameStop Closes 118 Stores Videogame retailer GameStop closed 118 stores globally in its first quarter, ended May 1, 2021. We estimate 80 of these closures to have happened in the US, taking its year-to-date US closure count to 131. The company operates 3,112 stores in the US as of May 1, 2021. Vera Bradley Provides Store-Count Update Luggage and handbag brand Vera Bradley opened one store and closed two in its first quarter, ended May 1, 2021. The closures have been previously tracked. The company operates 143 stores as of May 1, 2021. Vince Holding Provides Store-Count Update Luxury retail group Vince Holding opened four stores in its first quarter ended May 1, 2021, and plans to open 15 more by the end of its fiscal year, in early February 2022. We estimate 14 of the planned openings to fall in calendar 2021, taking its opening count to 18. The company operates 72 stores as of May 1, 2021.Non-Store-Closure News
Alex and Ani Files for Bankruptcy Jewelry retailer Alex and Ani filed for bankruptcy on June 10, 2021, and is currently looking for a buyer for its assets. The company has also entered a restructuring support agreement with its lenders and equity sponsors that was implemented with the filing. The company will continue to operate its 74 stores during the bankruptcy proceedings. Washington Prime Files for Bankruptcy Mall real estate investment trust Washington Prime Group filed for bankruptcy on June 13, 2021, citing financial impact caused by the pandemic.The company secured $100 million in financing from debtors to continue day-to-day operations during the bankruptcy proceedings. The company operates 102 shopping centers as of June 18, 2021. 2021 Major US Store Closures and Openings [caption id="attachment_128750" align="aligncenter" width="725"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for American Eagle, Bed Bath & Beyond, Children’s Place, Express, Gap, GNC, Godiva, Heritage Brands, JCPenney, H&M, L’Occitane, Michael Kors, Office Depot, RTW Retailwinds and Vitamin Shoppe, among others. Estimates for Banana Republic, Bed Bath & Beyond, Build-A-Bear, Chico’s, Fossil Group, Gap, Michael Kors Tapestry, and Signet Jewelers closures pertain to North America closures. Macy’s includes Macy’s and Bloomingdale’s banners. Ascena Retail Group includes Justice, Catherines, Ann Taylor, Lane Bryant, LOFT and Lou & Grey. Tapestry includes Coach, Kate Spade and Stuart Weitzman stores. Family Video, which operates primarily under a rental business model, is included in the chart since it also retails certain products and for comprehensiveness, given that its outlets would commonly be perceived as retail stores. *Total includes a small number of retailers that each announced fewer than seven store closures and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_128751" align="aligncenter" width="725"]
Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for Aerie, Aldi, Casey’s, Dollar General, Dollar Tree, Lidl, Madison Reed and Payless, among others. Aerie, Bed Bath & Beyond, Chico’s, Michaels Old Navy and Signet Jewelers openings pertain to North America openings. TJX Companies includes Marmaxx (T.J. Maxx and Marshalls), HomeGoods, Sierra, and Homesense stores. Aerie includes Aerie stores and OFFLINE stores. Amazon includes Amazon Fresh and Amazon Go Stores. *Total includes a small number of retailers that each announced fewer than seven store openings and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] 2021 Major US Uncharted Openings and Closures The table below details announced openings and closures not included in our totals, as the companies did not provide detail on timing or location. [wpdatatable id=1038 table_view=regular]
Source: Company reports/Coresight Research' This week, we saw updates from Casey’s, which changed our 2020 closures counts to 9,404. [caption id="attachment_128752" align="aligncenter" width="725"]
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, Heritage Brands, JCPenney, Kmart, Pet Valu, Sears and Signet Jewelers, among others. Estimates for Abercrombie & Fitch, American Eagle, Foot Locker, GameStop, GNC, G-III Apparel, Hollister and H&M are based on the existing proportion of stores in the US. Aerie, Banana Republic, Bed Bath & Beyond, Build-A-Bear, Chico’s, Gap, Genesco, Intermix, Michaels, Old Navy, Signet Jewelers, Tapestry and Williams-Sonoma closures pertain to North America closures. Ahold Delhaize includes Food Lion, Hannaford, Stop & Shop and The Giant Company banners. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Lululemon closures pertain to its Ivivva banner. Macy’s includes Macy’s and Bloomingdale’s banners. Papyrus includes American Greetings, Carlton Cards, Paper Destiny and Papyrus banners. Signet Jewelers includes Kay, Zales, Peoples, Jared, and regional banners. Stage Stores includes Bealls, Goody’s, Palais Royal, Peebles, and Stage banners. Ascena Retail Group includes Justice, Catherines, Ann Taylor, Lane Bryant, LOFT and Lou & Grey. Victoria’s Secret includes PINK and Victoria’s Secret banners. *Total includes a small number of retailers that each announced fewer than 19 store closures and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_128753" align="aligncenter" width="725"]
Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for Abercrombie & Fitch, Aldi, Casey’s, Dollar General, Foot Locker, Gap, Hollister, and H&M, among others. Estimates for Abercrombie & Fitch, American Eagle, Foot Locker, Hollister, Home Depot and Levi’s are based on the existing proportion of stores in the US. Aerie, Athleta, Bed Bath & Beyond, Genesco, GNC, Michaels, Old Navy, Sephora, Tapestry, and Under Armour openings refer to North America openings. Ahold Delhaize includes Food Lion, Hannaford, Stop & Shop and The Giant Company banners. Amazon includes Amazon 4-Star and Amazon Go Grocery banners. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Hibbett Sports includes Hibbett and City Gear banners. Signet Jewelers includes Jared, Kay, Peoples, Zales and regional banners. TJX includes HomeGoods, Homesense, Marshalls, Sierra, and T.J. Maxx banners. Beauty Systems Group, a subsidiary of Sally Beauty Holdings, is charted under the parent banner. *Total includes a small number of retailers that each announced fewer than seven store openings and are not included in the chart.
Source: Company reports/Coresight Research [/caption] 2021 Major US Retail Bankruptcies [wpdatatable id=1039 table_view=regular]
N/A – Not Available *Belk emerged from bankruptcy in February 2021 **The Collected Group emerged from bankruptcy in June 2021 Source: Company reports/Coresight Research 2020 Major US Retail Bankruptcies [wpdatatable id=1040 table_view=regular]
Revenue figure depicted for Centric Brands is for the nine-month period ended September 30, 2019. *Fairway Market filed for bankruptcy for the second time after entering and exiting bankruptcy in 2016; True Religion Apparel filed for bankruptcy for the second time after entering and exiting bankruptcy in 2017. **J.Crew Group includes J.Crew and Madewell banners; Ascena Retail Group includes Justice, Catherines, Ann Taylor, LOFT, Lane Bryant, and Lou & Grey banners; Le Tote includes Lord & Taylor banner; Tailored Brands includes Men’s Wearhouse and Jos. A. Bank, Moores Clothing for Men and K&G banners. N/A – Not Available Source: Company reports/Coresight Research
The UK
2021 Major UK Store Closures and Openings This week, we discuss updates for Amazon, Craghoppers, Crew Clothing, Debenhams, Disney, Flying Tiger Copenhagen, Holland and Barrett, Mere, Poundland, Poundstrecher, The Range, Tommy Hilfiger and Toolstation. In light of these updates, our 2021 UK closures and openings count increased to 1,295 and 732, respectively. The charts below depict the week-by-week totals of UK store closures and openings year to date in 2021 and 2020. For year-over-year comparisons, we are comparing closures and openings up to week 24 of 2021, ended June 18, 2021, to closures and openings tracked up to week 25 of 2020, ended June 19, 2020. Year to date in 2021, major UK retailers have announced 69.4% more openings and 16.4% fewer closures compared to the same time last year.2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=234]
2020 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=235]
Coresight Research periodically updates the count for openings and closures when there are new updates or revisions to previous announcements from companies, and this could involve retrospective revisions of totals for some weeks Source: Company reports/Coresight Research
What Is Happening This Week in the UK
Amazon Opens One Store Amazon opened one Amazon Fresh store in London on June 16, 2021. The store is located on the site of a former Evans Cycles shop on Chalk Farm Road. The new store is the company’s fifth in the UK since debuting its first store in March 2021. Boohoo To Open One Debenhams Store Boohoo Group, the parent company of Debenhams, plans to open one Debenhams store to help secure deals with major beauty brands that require a physical presence. Debenhams shut all of its department stores earlier in the year, and the Debenhams brand was acquired by Boohoo and relaunched as an online store. Craghoppers Opens One Store Outdoor clothing brand Craghoppers opened one flagship store in Edinburgh on June 8, 2021. The opening take the company’s store count to 12. Crew Clothing Opens One Store Apparel retailer Crew Clothing opened one store at The Central shopping center in Milton Keynes on June 10, 2021. The store spans over 1,600 square feet and takes the company’s store count to 99. Disney To Close One Store Disney plans to close its store in The Bridges Shopping Centre in Sunderland. The store closure comes as part of the company’s plan to move away from physical retail and focus more on e-commerce. The closure will take the company’s UK store count to 38. Flying Tiger Copenhagen To Close One Store Variety store chain Flying Tiger Copenhagen plans to close its store in Roath, Cardiff on June 27, 2021, and has begun a closing down sale. The closure will take the company’s store count to 84. Holland and Barrett Opens Two Stores Food and nutrition retailer Holland and Barrett has opened one store in Hull on June 11, 2021, and one flagship store in Coventry on June 14, 2021. The flagship store spans over 2,000 square feet and focuses on sustainability, with the interiors refitted using 100% recyclable materials, including its fiberboard, flooring materials, metalwork, plastics and wood. The company operates 232 stores as of June 18, 2021. Mere To Open 300 Stores Russian discount chain Mere plans to open over 300 stores in the UK in the next eight to 10 years. In May, the company announced plans to open 26 stores in 2021, with the first four stores set to open in mid-July. Poundland Closes Two Stores Discount retailer Poundland closed its Basildon store on May 29, 2021, and its Maidenhead store on June 16, 2021. The closures take the company’s store count to 687. Poundstrecher Opens One Store Discount retailer Poundstrecher opened a store in Lanarkshire on June 11, 2021. The store is located on the site of a former Poundland store and takes the company’s store count to 372. The Range Opens One Store Home-improvement retailer The Range opened a store in Gainsborough on June 16, 2021. The store is located in Marshall’s Yard shopping center and takes the company’s store count to 194. Tesco To Open One Store Supermarket chain Tesco plans to open a Tesco Express store in Ipswich in August 2021. The company operates 3,801 stores as of June 18, 2021. Tommy Hilfiger To Open One Store Apparel retailer Tommy Hilfiger plans to open a store in Derbion shopping center in Derby on June 21, 2021. The opening will be the company’s second store in Derby and will take the company store count to 38 in the UK. ToolStation to Open 33 Stores Home-improvement retailer Toolstation has opened 19 stores year to date and plans to open 14 more in 2021. The openings will take the company’s store count to 501. [caption id="attachment_128754" align="aligncenter" width="725"] 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 Arcadia Group, Argos, Edinburgh Woollen Mill, Jaeger, Marks & Spencer, Office, Ponden Home, Sainsbury’s, Truworth and WHSmith. McColl’s includes convenience stores and newsagents. Arcadia Group includes 21 Outfit stores and 10 other stores that have not yet been disclosed. Source: Company reports/Coresight Research [/caption] [caption id="attachment_128755" align="aligncenter" width="725"]
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, B&M, Flannels, Heron Foods, JYSK, Lidl, Planet Organic and Screwfix. Kurt Geiger includes Kurt Geiger and Carvela stores *Total includes a small number of retailers that each announced fewer than two store openings and are not included in the chart.
Source: Company reports/Coresight Research [/caption] 2021 Major UK Uncharted Openings and Closures [wpdatatable id=1043 table_view=regular]
Source: Company reports/Coresight Research [caption id="attachment_128756" align="aligncenter" width="725"]
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, Marks & Spencer, Sainsbury’s, Truworth and WHSmith. Arcadia Group refers to the Topshop and Topman banner stores. McColl’s includes convenience stores and newsagents. Baird Group includes Ben Sherman, Jeff Banks and Suit Direct licensed stores, among others. *Total includes a small number of retailers that each announced fewer than seven store openings and so are not included in the chart.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_128757" align="aligncenter" width="725"]
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, Marks & Spencer and Sainsbury’s. Card Factory is based on the proportion of net existing stores in the UK. Source: Company reports/Coresight Research *Total includes a small number of retailers that each announced fewer than seven 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. Figures represent retail closures (i.e., B2C), so closures by solely B2B companies are excluded.