DIpil Das
The US
2022 Major US Store Closures and Openings
This week, we discuss store-count updates for Ashley HomeStore, Barnes & Noble, Faherty Brand, Francesca’s, Meijer, Sleep Number, Stop & Shop, Sunglass Hut, Tractor Supply, Walmart and WHSmith. In light of these updates, our 2022 US store closures and openings counts stand at 1,395 and 4,020, respectively.
The charts below depict the week-by-week totals of US store closures and openings year to date in 2022 and 2021. For year-over-year comparisons, we are comparing closures and openings up to week 17 of 2022 and 2021, ended April 29, 2022, and April 30, 2021, respectively. Year to date in 2022, major US retailers have announced 15.1% more openings and 58.0% fewer closures compared to the same time last year.
2022 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=427]
2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=428]
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.
*Estimated store closures
**Total includes a small number of retailers that each announced fewer than two store openings and are not included in the chart
†Figures pertain to North America closures
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146379" align="aligncenter" width="700"]
*Estimated store openings
**Total includes a small number of retailers that each announced fewer than eight store openings and are not included in the chart
†Figures pertain to North America closures
TJX Companies includes HomeGoods, Homesense and Marmaxx (T.J. Maxx, Marshalls and Sierra) 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 US totals above, as the companies did not provide details on timing or location. [wpdatatable id=1902]
Source: Company reports/Coresight Research This week saw an update for WHSmith which changed our 2021 openings count to 4,972. 2021 Major US Store Closures and Openings [caption id="attachment_146381" 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 Bloomingdale’s, Bluemercury and Macy’s banners. Ascena Retail Group includes Ann Taylor, Catherines, Justice, Lane Bryant, LOFT and Lou & Grey. 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. Macy’s includes Bloomingdale’s, Bluemercury and Macy’s banners. Tapestry includes Coach, Kate Spade and Stuart Weitzman stores.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146382" 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
Aerie includes Aerie stores and OFFLINE stores. Amazon includes Amazon Fresh and Amazon Go stores. TJX Companies includes HomeGoods, Homesense, Marmaxx (T.J. Maxx, Marshalls and Sierra) stores.
Source: Company reports/Coresight Research [/caption] 2022 Major US Retail Bankruptcies We have not tracked any major retail bankruptcies so far in 2022. 2021 Major US Retail Bankruptcies [wpdatatable id=1903]
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
2022 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=429]
2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=430]
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.
*Estimated store closures
Tesco includes Tesco, One Stop, Booker and Jack’s banners.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146384" align="aligncenter" width="700"]
*Estimated store openings.
**Total includes a small number of retailers that each announced fewer than two store openings and are not included in the chart
Tesco includes Tesco, One Stop and Booker banners.
Source: Company reports/Coresight Research [/caption] This week saw an update for WHSmith, which changed our 2021 openings and closure counts to 1,192 and 1,604, respectively. [caption id="attachment_146385" 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
Gap includes Republic of Ireland. McColl’s includes convenience stores and newsagents. Tesco includes Tesco, One Stop, Booker and Jack’s banners.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146386" 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
Tesco includes Tesco, One Stop, Booker and Jack’s banners.
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. The deadline for inclusion in each weekly report (published on Fridays) is typically the preceding Wednesday.
2022 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=427]
2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=428]
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
Ashley HomeStore Opens One Store Furniture retailer Ashley HomeStore opened one store in Bensalem, Pennsylvania, on April 21, 2022. The opening takes the company’s store count to 789. Barnes & Noble To Close One Store Book retailer Barnes & Noble plans to close one store in Saugus, Massachusetts, on May 22, 2022. The company operates 612 stores as of April 29, 2022. Faherty Brand Opens Two Stores Apparel brand Faherty Brand opened one store in Brooklyn, New York, on March 21, 2022, and one store in Steamboat Springs, Colorado on April 22, 2022. The openings take the company’s store count to 37. Francesca’s Announces Store Expansion Plan Apparel retailer Francesca’s plans to open nine Franki stores by the end of 2022. The company operates 458 stores across its brands as of April 29, 2022. Meijer To Open Three Stores Grocery retailer Meijer opened one store in Brunswick, Georgia, on April 28, 2022, and plans to open one store each in Fort Wayne, Indiana and West Branch, Michigan, on May 12, 2022. The openings will take the company’s store count to 261. Stop & Shop To Close Two Stores Supermarket chain Stop & Shop plans to close two stores in New York in May 2022—one in Islip and one in Long Island City. The closures will take the company’s store count to 410. Walmart To Close One Store Walmart plans to close one store in Guilford, North Carolina, on May 20, 2022. The closure will take the company’s store count to 5,339.Quarterly Store Openings/Closures Settlement
Sleep Number Provides Store-Count Update Mattress retailer Sleep Number has opened 13 and closed eight stores year to date in its first quarter, ended April 2, 2022. The company operates 653 stores as of April 2, 2022. Sunglass Hut Provides Store-Count Update Sunglasses retailer Sunglass Hut has opened one and closed one store year to date in 2022. The company operates over 1,500 stores in the US as of April 29, 2022. Tractor Supply Provides Store-Count Update Home improvement retailer Tractor Supply Co. opened one and closed one Petsense store in its first quarter, ended March 26, 2022. The company operates 178 Petsense stores as of March 26, 2022. WHSmith Provides Store Count Update Travel and stationery retailer WHSmith opened 44 stores in North America in 2021 and has opened seven stores year to date in North America in 2022. The company also plans to open 43 stores in North America by September 2024, of which we expect 11 to fall in 2022, taking the company’s 2022 openings count to 18. The company operates 291 stores in North America as of February 28, 2022.Non-Store-Closure News
Old Navy CEO Steps Down Apparel retailer Gap announced that the CEO of its Old Navy brand, Nancy Green, stepped down from the role on April 22, 2022. Green joined the company in 2009 and started serving as CEO in early 2020. The company has yet to name a successor. 2022 Major US Store Closures and Openings [caption id="attachment_146378" 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 two store openings and are not included in the chart
†Figures pertain to North America closures
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146379" align="aligncenter" width="700"]
*Estimated store openings **Total includes a small number of retailers that each announced fewer than eight store openings and are not included in the chart
†Figures pertain to North America closures
TJX Companies includes HomeGoods, Homesense and Marmaxx (T.J. Maxx, Marshalls and Sierra) 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 US totals above, as the companies did not provide details on timing or location. [wpdatatable id=1902]
Source: Company reports/Coresight Research This week saw an update for WHSmith which changed our 2021 openings count to 4,972. 2021 Major US Store Closures and Openings [caption id="attachment_146381" 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 Bloomingdale’s, Bluemercury and Macy’s banners. Ascena Retail Group includes Ann Taylor, Catherines, Justice, Lane Bryant, LOFT and Lou & Grey. 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. Macy’s includes Bloomingdale’s, Bluemercury and Macy’s banners. Tapestry includes Coach, Kate Spade and Stuart Weitzman stores.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146382" 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
Aerie includes Aerie stores and OFFLINE stores. Amazon includes Amazon Fresh and Amazon Go stores. TJX Companies includes HomeGoods, Homesense, Marmaxx (T.J. Maxx, Marshalls and Sierra) stores.
Source: Company reports/Coresight Research [/caption] 2022 Major US Retail Bankruptcies We have not tracked any major retail bankruptcies so far in 2022. 2021 Major US Retail Bankruptcies [wpdatatable id=1903]
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
2022 Major UK Store Closures and Openings This week, we discuss store updates for Breitling, Decathlon, GO Outdoors, Hobbycraft, JD Sports and WHSmith. In light of these updates, our 2022 UK store closures and openings counts stand at 396 and 575, respectively. The charts below depict the week-by-week totals of UK store closures and openings year to date in 2022 and 2021. For year-over-year comparisons, we are comparing closures and openings up to week 17 of 2022 and 2021, ended April 29, 2022, and April 30, 2021, respectively. Year to date in 2022, major UK retailers have announced 42.0% more openings and 67.1% fewer closures compared to the same time last year.2022 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=429]
2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=430]
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
Breitling Opens One Store Luxury watch retailer Breitling opened one store in Belfast on April 22, 2022. The store opening will take the company’s store count in the UK to 135. Decathlon To Open One Store Sporting goods retailer Decathlon plans to open one store in Liverpool by the end of April 2022. The company operates 49 stores in the UK as of April 29, 2022. GO Outdoors Opens One Store Sports and outdoor goods retailer GO Outdoors opened one store in Stockton on April 23, 2022. The opening takes the company’s store count to 66. Hobbycraft To Open One Store Arts and crafts retailer Hobbycraft plans to open one store in Wirral on May 24, 2022. The opening will take the company’s store count to 110. JD Sports To Open One Store Sports apparel and footwear retailer JD Sports plans to open one store in Denbighshire in May 2022. The company operates 396 stores in the UK as of April 29, 2022. WHSmith Provides Store-Count Update Travel and stationery retailer WHSmith opened 20 stores and closed 29 stores in 2021 and has opened 10 stores year to date in 2022. The company plans to open 15 stores by the end of 2022. The company operates 1,125 stores in the UK as of February 28, 2022.Non-Store-Closure News
B&M CEO To Step Down General merchandise retailer B&M announced that its CEO Simon Arora will retire from his role in April 2023. Arora has held the position since December 2004, when he and his brother acquired the company. The company is currently searching for a successor both in and outside the company. [caption id="attachment_146383" 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
Tesco includes Tesco, One Stop, Booker and Jack’s banners.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146384" align="aligncenter" width="700"]
*Estimated store openings. **Total includes a small number of retailers that each announced fewer than two store openings and are not included in the chart
Tesco includes Tesco, One Stop and Booker banners.
Source: Company reports/Coresight Research [/caption] This week saw an update for WHSmith, which changed our 2021 openings and closure counts to 1,192 and 1,604, respectively. [caption id="attachment_146385" 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
Gap includes Republic of Ireland. McColl’s includes convenience stores and newsagents. Tesco includes Tesco, One Stop, Booker and Jack’s banners.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_146386" 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
Tesco includes Tesco, One Stop, Booker and Jack’s banners.
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. The deadline for inclusion in each weekly report (published on Fridays) is typically the preceding Wednesday.