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The US
2021 Major US Store Closures and Openings This week, we discuss updates for Alimentation Couche-Tard, Build-A-Bear, Casey’s General Stores, Costco, RH, Signet Jewelers, Urban Outfitters, Vera Bradley and Vince Holding. In light of these updates, our 2021 US closures and openings counts stand at 5,079 and 5,083, respectively. 2022: So far, we have tracked 617 closures and 584 openings for 2022. Charted breakdowns are shown later in the report. 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 50 of 2021, ended December 17, 2021, to closures and openings tracked up to week 51 of 2020, ended December 18, 2020. Year to date in 2021, major retailers have announced 55.4% more openings and 40.8% fewer closures compared to the same period in 2020. Year to date, closures are almost equal to openings—compared to being ahead by 162.5% at the same time last year.2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=353]
2020 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=354]
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
Quarterly Store Openings/Closures Settlement
Alimentation Couche-Tard Provides Store-Count Update Convenience store company Alimentation Couche-Tard has closed 158 stores and opened 155 in North America year to date. The closures have been tracked previously. The company operates 9,199 stores as of October 10, 2021. Build-A-Bear Provides Store-Count Update Toy retailer Build-A-Bear has closed three stores and opened three year to date in 2021. The closures have been tracked previously. The company operates 305 stores as of October 30, 2021. Casey’s Provides Store-Count Update Convenience store chain Casey’s has opened 149 stores and closed 17 year to date. The openings have been previously tracked. The company operates 2,380 stores as of October 31, 2021. Costco Provides Store-Count Update Warehouse club retailer Costco opened seven stores in its first quarter, ended November 21, 2021. The update takes the company’s 2021 openings count to 14. The company operates 572 stores in the US as of December 1, 2021. RH Provides Store-Count Update Furniture retailer RH closed two stores in the US in its third quarter, ended October 30, 2021. The company operates 66 stores in the US as of October 30, 2021. Signet Jewelers Provides Store-Count Update Jewelry retailer Signet Jewelers opened 20 stores and closed four in North America in its third quarter, ended October 30, 2021. The company also revised its closures and openings target for its current fiscal year, ending early February 2022, to 75 closures and 85 openings globally. The company plans to open and close 100 stores globally in its next fiscal year, ending early February 2023. The update takes the company’s North America calendar 2021 openings and closures counts to 75 and 81, respectively, and its North America calendar 2022 openings and closures counts to 87 and 86, respectively. The company operates 2,502 stores in North America as of October 30, 2021. Urban Outfitters Provides Store-Count Update Apparel retailer Urban Outfitters opened six Urban Outfitters stores, eight Free People stores, and closed one Urban Outfitters store and one Anthropologie store in its third quarter, ended October 31, 2021. The openings and closures for Urban Outfitters and Anthropologie stores have been previously tracked and the update takes the openings count for Free People to 23. The company operates 183 Urban Outfitters stores, 207 Anthropologie stores and 159 Free People stores in the US as of October 31, 2021. Vera Bradley Provides Store-Count Update Luggage and handbag retailer Vera Bradley opened two stores in its third quarter, ended October 30, 2021. The company plans to open three to five stores in its next fiscal year, ending early February 2023. The openings for 2021 have been tracked previously and the update takes the company’s 2022 openings count to three. The company operates 157 stores as of October 30, 2021. Vince Holding Provides Store-Count Update Luxury retailer Vince Holding opened seven stores in its third quarter, ended October 31, 2021. The update takes the company’s 2021 openings count to 12. The company operates 83 stores as of October 31, 2021.Non-Store-Closure News
Janie and Jack Appoints New CEO Childrenswear retailer Janie and Jack has appointed Linda Heasley as President and CEO, effective December 13, 2021. Heasley most recently served as President and CEO at mobile software company Downshift. 2021 Major US Store Closures and Openings [caption id="attachment_138164" 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 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 14 store closures and so are not included in the chart.
Source: Company reports/Coresight Research[/caption] [caption id="attachment_138165" 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 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 16 store openings and so are not included in the chart.
Source: Company reports/Coresight Research[/caption] 2022 Major US Store Closures and Openings [caption id="attachment_138166" 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 American Eagle, Bed Bath & Beyond, Children’s Place, CVS Health, Designer Brands, Michael Kors and Signet Jewelers.Source: Company reports/Coresight Research[/caption] [caption id="attachment_138168" 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 Aerie, Dollar Tree, Family Dollar, Foxtrot Market, Signet Jewelers and Windsor Fashion. TJX Companies includes Marmaxx (T.J. Maxx and Marshalls), HomeGoods, Sierra, and Homesense stores. Amazon includes Amazon Fresh stores.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 details on timing or location. [wpdatatable id=1547]
Source: Company reports/Coresight Research
[caption id="attachment_138172" 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, 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 21 store closures and so are not included in the chart.
Source: Company reports/Coresight Research[/caption] [caption id="attachment_138173" 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 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, Bed Bath & Beyond, Genesco, GNC, Fossil Group, 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 eight store openings and are not included in the chart.
Source: Company reports/Coresight Research[/caption] 2021 Major US Retail Bankruptcies [wpdatatable id=1548]
N/A – Not Available *Belk emerged from bankruptcy in February 2021 **The Collected Group emerged from bankruptcy in June 2021 ***Global Brands Group began winding down its business in November 2021 Source: Company reports/Coresight Research
2020 Major US Retail Bankruptcies [wpdatatable id=1549]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. The company exited bankruptcy in December 2020. 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, Dr. Martens, The Entertainer, HSL, RH, Sofas and Stuff and Travis Perkins. In light of these updates, our 2021 UK closures and openings counts stand at 1,507 and 1,064, respectively. 2022: So far, we have tracked 229 closures and 243 openings for 2022. Charted breakdowns are shown later in the report. 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 50 of 2021, ended December 17, 2021, to closures and openings tracked up to week 51 of 2020, ended December 18, 2020. Year to date in 2021, major UK retailers have announced 99.3% more openings and 37.8% fewer closures compared to the same time last year.2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=355]
2020 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=356]
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 Five Stores Amazon opened five Amazon Fresh stores, in London. The first two opened in Hounslow and Aldgate East, on December 8, 2021, and three more opened in Euston, Wandsworth and Chingford on December 15, 2021. The update takes the company’s store count in the UK to 16. The Entertainer To Close One Store Toy retailer The Entertainer plans to close its store in Salisbury on December 31, 2021. The closure will take the company’s store count to 171. Dr. Martens To Open 10 Stores Shoe retailer Dr. Martens plans to open 10 stores globally in the second half of 2022. We estimate that two of these stores will open in the UK. The company operates 34 stores in the UK as of December 17, 2021 HSL Opens One Store Home-furnishings retailer HSL opened one store in Prestwich on December 16, 2021. The opening takes the company’s store count to 53. RH To Open One Store Home-furnishings retailer RH plans to open one store in Banbury in 2022. The store will be the company’s second in the UK. Sofas and Stuff To Open One Store Home-furnishings retailer Sofas and Stuff plans to open one store in Salisbury on December 27, 2021. The opening will take the company’s store count to 17. Travis Perkins Provides Store-Count Update Home-improvement retailer Travis Perkins opened nine Benchmarx stores in 2021 and plans to open 19 Benchmarx stores in 2022. The company operates 158 Benchmarx stores as of December 15, 2021.Non-Store-Closure News
Dunelm Appoints Chief Marketing Officer Home-furnishings retailer Dunelm has appointed Ben Carter to the newly created role of Chief Marketing Officer, effective mid-January 2022. Carter is currently serving as Chief Marketing Officer of online estate agent Purplebricks. [caption id="attachment_138178" 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 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. Gap includes Republic of Ireland.Source: Company reports/Coresight Research[/caption] [caption id="attachment_138179" 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, 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 three store openings and are not included in the chart.
Source: Company reports/Coresight Research[/caption] [caption id="attachment_138180" 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 Argos, Marks & Spencer, McColl’s and Truworth.Source: Company reports/Coresight Research[/caption] [caption id="attachment_138181" 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, Home Bargains, Lidl, Mere, The Original Factory Shop and Screwfix.Source: Company reports/Coresight Research[/caption] 2021 Major UK Uncharted Openings and Closures [wpdatatable id=1552]
Source: Company reports/Coresight Research
[caption id="attachment_138183" 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, 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_138184" 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, Marks & Spencer and Sainsbury’s. Card Factory is based on the proportion of net existing stores in the UK.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 B2C retail closures, so closures by solely B2B companies are excluded.