The US

2021 Summary In the US, we recorded a total of 5,110 store closures and 5,049 openings in 2021. We include charts of 2021 closures and openings later in this report and we will review 2021’s developments and provide a look ahead to 2022 in a forthcoming report. 2022 Major US Store Closures and Openings This week, we discuss updates for Grocery Outlet, Harbor Freight and L.L. Bean. In light of these updates, our 2022 US closures and openings counts stand at 732 and 1,768, respectively. At the same time last year, we tracked 1,376 closures and 1,742 openings, representing 46.8% fewer closures and 1.5% more openings in 2022. The openings and closures counts include store openings and closures announced prior to 2022 that we expect to fall during the year.

What Is Happening This Week in the US

Grocery Outlet To Open Store Supermarket chain Grocery Outlet opened one store in Delran, New Jersey, on January 5, 2022. The retailer operates 408 stores as of January 7, 2022. Harbor Freight Tools To Open One Store Home-improvement retailer Harbor Freight Tools plans to open one store in New Philadelphia, Ohio, by the end of January 2022. The opening will take the company’s store count to 1,287. L.L. Bean To Close One Store Apparel retailer L.L. Bean plans to close one store in Tysons Corner, Virginia, on January 17, 2022. The closure will take the company’s store count to 56.

Non-Store-Closure News

The Container Store Acquires Closet Works Specialty retailer The Container Store acquired closet organization company Closet Works for $21.4 million on December 30, 2021. The company plans to use the acquisition to gain a larger share of the custom closet market. Closet Works currently operates from a showroom in Chicago, Illinois. 2022 Major US Store Closures and Openings [caption id="attachment_139014" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
*Estimated store closures
†Figures pertain to North America closures
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_139015" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
*Estimated store openings
†Figures pertain to North America closures
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]   2022 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=1602]

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Source: Company reports/Coresight Research

2021 Major US Store Closures and Openings [caption id="attachment_139016" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
*Estimated store closures
**Total includes a small number of retailers that each announced fewer than 15 store closures and are not included in the chart.
†Figures 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.
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_139017" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
*Estimated store openings
**Total includes a small number of retailers that each announced fewer than 16 store openings and are not included in the chart.
†Figures pertain to North America closures
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.
Source: Company reports/Coresight Research[/caption]   2022 Major US Retail Bankruptcies There have not been any bankruptcies announced in 2022 so far. 2021 Major US Retail Bankruptcies [wpdatatable id=1603]

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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

The UK

2021 Summary In the UK, we recorded a total of 1,562 store closures and 1,127 store openings, following an update to the closures counts of Aldi and Poundland. 2022 Major UK Store Closures and Openings This week, we discuss updates for B&M, Carhartt, Castore, Iceland, M&Co, Next, Poundland and Vans. In light of these updates, our 2022 UK closures and openings counts stand at 233 and 264, respectively. At the same time last year, we tracked 243 closures and 257 openings, representing 2.7% fewer closures and 1.9% fewer openings in 2022. The openings and closures counts include store openings and closures that are announced prior to 2022 that we expect to fall during the calendar year.

What Is Happening This Week in the UK

Aldi Closes One Store Discount supermarket chain Aldi closed one store in Blackpool on December 30, 2021. The company operates 944 stores in the UK as of January 7, 2022. B&M Provides Store-Count Update Variety store chain B&M opened 18 and closed 16 B&M stores and opened seven and closed eight Heron Foods stores in the UK in 2021. The company also plans to open 13 B&M stores in the UK in its fourth quarter, ending early April 2022. The company operates 693 B&M stores and 310 Heron Food stores in the UK as of December 25, 2021. Castore, Carhartt WIP and Vans To Open Stores at Cannock Shopping Center Sportswear retailer Castore, apparel brand Carhartt WIP and footwear brand Vans plan to open one store each in the Designer Outlet West Midlands shopping center in Cannock by the end of January 2022. The openings will take Castore’s store count to eight, Carhartt WIP’s store count in the UK to eight and Van’s store count in the UK to 21. Iceland To Open One Store Supermarket store chain Iceland plans to open one store in Christchurch on January 25, 2022. The opening will take the company’s store count to 935. M&Co To Close One Store Apparel retailer M&Co plans to close one store in Spalding in early February 2022. The closure will take the company’s store count to 190. Next Closes One Store Apparel retailer Next closed one store in Glasgow on January 2, 2022. The closure takes the company’s store count to 509. Poundland Provides Store-Count Update Discount retailer Poundland closed 44 stores in 2021 and plans to close one store in Glasgow on January 15, 2022. The update will take the company’s store count to 681.

Non-Store-Closure News

Gieves & Hawkes May Close All Stores Trinity, parent company of apparel retailer Gieves & Hawkes, entered liquidation on January 4, 2022, and the apparel retailer may close all its 61 stores in the UK. However, Marks & Spencer showed interest in the company in October 2021 and a rescue deal may prevent the closures. [caption id="attachment_139018" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
*Estimated store closures
Source: Company reports/Coresight Research[/caption]   [caption id="attachment_139019" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
Source: Company reports/Coresight Research[/caption]   2022 Major UK Uncharted Openings and Closures [wpdatatable id=1604]

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Source: Company reports/Coresight Research

[caption id="attachment_139020" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
*Estimated store closures
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_139021" align="aligncenter" width="700"] Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur.
*Estimated store openings
**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]   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.