DIpil Das
The US
2022 Major US Store Closures and Openings This week, we discuss store-count updates for Amazon, BJ's Wholesale Club, Casey's General Stores, King Kullen, Market Basket, Ollie’s Bargain Outlet, Roses Discount Stores and Vera Bradley. In light of these updates, our 2022 US store closures and openings counts stand at 1,765 and 4,281, 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 24 of 2022 and 2021, ended June 17, 2022, and June 18, 2021, respectively. Year to date in 2022, major US retailers have announced 6.1% more openings and 61.2% fewer closures compared to the same time last year.2022 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=460]
2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=461]
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
Amazon Fresh Announces Store Expansion Plans Amazon plans to open four Amazon Fresh stores in Virginia by the end of June 2022. The openings will take the company’s 2022 openings count to 19 and its store count to 64. BJ’s Wholesale Club Announces Store Expansion Plans Warehouse club BJ’s Wholesale Club plans to open four stores by the end of 2022. The openings will take the company’s store count to 233. King Kullen To Close Two Stores Supermarket chain King Kullen plans to close two stores in New York in July 2022. The closures will take the company’s store count to 27. Market Basket To Close One Store Supermarket chain Market Basket plans to close one store in Billerica, Massachusetts on June 18, 2022. The closures will take the company’s store count to 30. Roses Discount Stores Opens One Store Discount store chain Roses Discount Stores opened one store in Clearfield, Pennsylvania on June 9, 2022. The opening takes the company’s store count to 250.Quarterly Store Openings/Closures Settlement
Casey’s General Stores Provides Store-Count Update Convenience store chain Casey’s General Stores opened 33 and closed seven stores in its fourth quarter, ended April 30, 2022. The update takes the company’s estimated 2022 openings and closure count to 50 and seven, respectively. The company operates 2,452 stores as of April 30, 2022. Ollie’s Bargain Outlet Provides Store-Count Update Discount retailer Ollie’s Bargain Outlet opened nine and closed one store in its first quarter, ended April 30, 2022. The openings have been previously tracked. The company operates 439 stores as of April 30, 2022. Vera Bradley Provides Store-Count Update Apparel accessories retailer Vera Bradley opened two and closed three stores in its first quarter, ended April 30, 2022. The openings have been previously tracked. The company operates 439 stores as of April 30, 2022.Non-Store-Closure News
Foxtrot Market Appoints CFO Grocery retailer Foxtrot Market appointed Liz Williams as president and CFO effective June 7, 2022. Williams most recently served as CEO of the hairstyling chain Drybar. 2022 Major US Store Closures and Openings [caption id="attachment_149716" 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 three store closures and are not included in the chart
†Figures pertain to North America closures
Source: Company reports/Coresight Research [/caption] [caption id="attachment_149717" 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 12 store openings and are not included in the chart
†Figures pertain to North America closures
Amazon includes Amazon fresh, Amazon Go and Amazon Style banners. 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=2047 table_view=regular]
Source: Company reports/Coresight Research 2021 Major US Store Closures and Openings [caption id="attachment_149718" 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
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_149719" 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=2041]
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 Amazon, Boots, Costcutter, Deichmann, FarmFoods, Flannels, Levi’s, New Look, Shoe Zone, Signet Jewelers, Tapi Carpet & Floors and Toolstation. In light of these updates, our 2022 UK store closures and openings counts stand at 419 and 737, 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 24 of 2022 and 2021, ended June 17, 2022, and June 18, 2021, respectively. Year to date in 2022, major UK retailers have announced 1.5% more openings and 67.6% fewer closures compared to the same time last year.2022 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=462]
2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=463]
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 Fresh Opens One Store Amazon opened one Amazon Fresh store in Hoxton, London, on June 15, 2022. The opening takes the company’s store count to 19. Boots Provides Store-Count Update Health and beauty retailer Boots has closed four stores year to date in 2022. The company operates more than 2,200 stores as of June 17, 2022. Costcutter Provides Store Expansion Plan Supermarket group Costcutter has opened one store year to date and plans to open six stores in East Yorkshire by the end of July 2022. The company operates more than 2,200 stores as of June 17, 2022. Deichmann Opens One Store Footwear retailer Deichmann opened one store in Reading on June 7, 2022. The opening takes the company’s store count to 121. FarmFoods Opens One Store Grocery retailer FarmFoods opened one store in the Shrub Hill shopping center in Worcester on June 17, 2022. The company operates more than 300 stores as of June 17, 2022. Flannels To Open One Store Apparel retail group Frasers Group plans to open one Flannels store in Liverpool on June 23, 2022. The company operates 50 Flannels stores as of June 17, 2022. Levi’s Provides Store Expansion Plan Apparel brand owner Levi’s plans to open 13 stores in the UK by the end of 2022. The openings will take the company’s 2022 openings count to 15 and its UK store count to 78. New Look Closes One Store Apparel retailer New Look closed one store in the Westgate Oxford shopping center in Oxford on June 17, 2022, bringing its total 2022 closure count to four and the company’s UK store count to 467. Shoe Zone Opens One Store Shoe retailer Shoe Zone opened one store in Lincolnshire on June 17, 2022. The opening takes the company’s store count to 380. Signet Jewelers Provides Store-Count Update Jewelry retailer Signet Jewelers opened three and closed 14 stores in 2021 and has opened one and closed three stores year to date in 2022. The company operates 347 stores in the UK as of April 30, 2022. Tapi Carpets & Floors To Open One Store Home furnishings retailer Tapi Carpets & Floors plans to open one store in Elgar Retail Park in Worcester by the end of June 2022. The opening will take the company’s store count to 189. Toolstation Provides Store-Count Update Home improvement retailer Toolstation has opened 15 stores year to date in 2022. The company operates 545 stores as of June 17, 2022.Non-Store-Closure News
Asda Chief Customer Officer Steps Down Supermarket chain Asda announced its Chief Customer Officer, Meghan Farren, stepped down effective June 14, 2022. Sam Dickson, current Vice President of Brand and Proposition, will handle Farren’s responsibilities on an interim basis as the company looks for a replacement. [caption id="attachment_149720" 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
Frasers Group includes Flannels, House of Fraser, Jack Wills and Sports Direct banners. Tesco includes Tesco, One Stop, Booker and Jack’s banners.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_149721" 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 two store openings and are not included in the chart Fraser Group includes Flannels, House of Fraser, Jack Wills and Sports Direct banners. Tesco includes Tesco, One Stop and Booker banners.
Source: Company reports/Coresight Research [/caption] This week saw a store count update for Signet Jewelers, which changed our 2021 closure count to 1,631. [caption id="attachment_149722" 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
Frasers Group includes Flannels, House of Fraser, Jack Wills and Sports Direct banners. 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_149723" 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
Frasers Group includes Flannels, House of Fraser, Jack Wills and Sports Direct banners. 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.