Nitheesh NH
The US
2022 Major US Store Closures and Openings This week, we discuss store-count updates for Amazon, Foodtown, Harbor Freight Tools, Leslie’s, Louis Vuitton, Natural Grocers and Publix Super Markets. In light of these updates, our 2022 US store closures and openings counts stand at 1,915 and 4,390, 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 28 of 2022 and 2021, ended July 22, 2022, and July 23, 2021, respectively. Year to date in 2022, major US retailers have announced 2.7% more openings and 58.2% fewer closures compared to the same time last year.2022 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=480]
2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=481]
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 To Open Two Stores Amazon plans to open two Amazon Fresh stores, one in Oceanside, New York, and one in Norridge, Illinois, by the end of 2022. The openings will take the company’s 2022 openings count to 22 and store count to 67. Foodtown To Close One Store Grocery retailer Foodtown plans to close one store in Ocean Township, New Jersey, on August 12, 2022. The closures will take the company’s store count to 63. Louis Vuitton Opens One Store Luxury brand Louis Vuitton opened one store in Beverly Hills, California, on July 16, 2022. The opening takes the company’s US store count to 115. Natural Grocers To Open One Store Grocery retailer Natural Grocers plans to open one store in Sioux Falls, South Dakota, on July 27, 2022. The opening will take the company’s store count to 165.Quarterly Store Openings/Closures Settlement
Harbor Freight Tools Provides Store-Count Update Home-improvement retailer Harbor Freight Tools has opened 40 stores so far in 2022. The openings take the company’s store count to 1,326 as of July 22, 2022. Leslie’s Provides Store-Count Update Pool supplies retailer Leslie’s opened 20 and closed one store in 2021 and has opened 17 stores year to date in 2022. The company operates more than 970 stores as of July 22, 2022. Publix Super Markets Provides Store-Count Update Grocery retailer Publix Super Markets opened 35 and closed 16 stores in 2021 and has opened three and closed two stores year to date in 2022. The company operates 1,296 stores in the US as of March 26, 2022.Non-Store-Closure News
Albertsons Chief Digital Officer To Step Down Grocery retailer Albertsons has announced that Christine Rupp, its Executive Vice President and Chief Customer and Digital Officer will step down on July 31, 2022. Rupp joined the company in December 2019. The company has yet to name a successor. 2022 Major US Store Closures and Openings [caption id="attachment_152094" 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_152095" 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=2140]
Source: Company reports/Coresight Research
This week saw updates for Leslie’s and Publix Super Markets, which changed our 2021 openings and closure counts to 5,044 and 5,221, respectively. 2021 Major US Store Closures and Openings [caption id="attachment_152097" 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_152101" 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 17 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 [wpdatatable id=2141]
Source: Company reports/Coresight Research
2021 Major US Retail Bankruptcies [wpdatatable id=2142]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 Easy Bathrooms, The Fragrance Shop, HMV, JD Sports, Magnet, Mango, NIKE, Planet Organic, Regatta, Sofology and Quality Discounts. In light of these updates, our 2022 UK store closures and openings counts stand at 454 and 836, 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 29 of 2022 and 2021, ended July 22, 2022, and July 23, 2021, respectively. Year to date in 2022, major UK retailers have announced 0.2% fewer openings and 67.9% fewer closures compared to the same time last year.2022 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=482]
2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=483]
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
Easy Bathrooms Announce Store Expansion Plan Home-furnishings retailer Easy Bathrooms plans to open 60 stores by the end of 2023. The company has opened 17 stores year to date in 2022 and we estimate that 14 of the 60 openings will fall in the rest of 2022, taking the company’s opening count to 31. The company operates 115 stores as of July 22, 2022. The Fragrance Shop Provides Store-Count Update Perfume retailer The Fragrance shop plans to open 100 stores by the end of 2025. The company has opened six stores year to date in 2022 and we estimate that 14 of the 100 openings will fall in the rest of 2022, taking the company’s opening count to 20. The company operates 214 stores as of July 22, 2022. HMV Opens One Store Music and entertainment retailer HMV opened one store in Wakefield on July 22, 2022. The company operates 125 stores as of July 22, 2022. JD Sports Provides Store-Count Update Sports and outdoor clothing, footwear and equipment retailer JD Sports Fashion has opened six Go Outdoors stores, six JD Sports stores and two Millets stores year to date in 2022. The company plans to open three Go Outdoors stores by the end of 2022. The company operates 65 Go Outdoors stores, 397 JD Sports stores and 102 Millets stores as of July 22, 2022. Magnet Opens One Store Home-furnishings retailer Magnet opened one store in Teesside, Stockton on July 14, 2022. The company operates 190 stores as of July 22, 2022. Mango To Open One Store Apparel retailer Mango plans to open one store in Eldon Square Shopping Centre in Newcastle by the end of 2022. The company operates 35 stores as of July 22, 2022. NIKE Provides Store-Count Update Sports apparel brand NIKE has opened three stores year to date and plans to open one store in Ravenhead Retail Park, St Helens by the end of 2022. The openings will take the company’s store count to 41. Planet Organic Provides Store-Count Update Organic supermarket chain Planet Organic closed one in London on March 1, 2022, and plans to open one store in Henley-on-Thames by the end of autumn 2022. The openings will take the company’s store count to 14. Regatta Opens One Store Outdoor and leisure apparel retailer Regatta opened one store in Cheddar on July 21, 2022. The opening takes the company’s store count to 51. Sofology To Open One Store Home-furnishings retailer Sofology plans to open one store in Inverness by the end of 2022. The opening will take the company’s store count to 55. Quality Discounts To Open One Store Discount retailer Quality Discounts plans to open one store in Maldon by the end of August 2022. The opening will take the company’s store count to 30.Non-Store-Closure News
MatchesFashion Appoints COO Luxury retailer MatchesFashion has appointed Stuart Hill as its new Chief Operation Officer, effective September 1, 2022. Hill currently serves as Senior Vice President of Logistics at luxury apparel retailer Farfetch. [caption id="attachment_152107" 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_152108" 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 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 an update for Watches of Switzerland, which took the UK 2021 closure and openings counts to 1,662 and 1,249, respectively. [caption id="attachment_152109" 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_152110" 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 four 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.