DIpil Das
The US
2022 Major US Store Closures and Openings
This week, we discuss store-count updates for Allsup's, Amazon, Carter's, Floor & Decor, Natural Grocers, Office Depot, Palmetto Moon, Piggly Wiggly, Rent-A-Center and Sprouts Farmers Market. In light of these updates, our 2022 US store closure and openings counts stand at 1,965 and 4,545, 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 32 of 2022 and 2021, ended August 12, 2022, and August 13, 2021, respectively. Year to date in 2022, major US retailers have announced 3.4% more openings and 57.7% fewer closures compared to the same time last year.
2022 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=494]
2021 US Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=495]
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
Allsup’s To Open Four Stores
Convenience store chain Allsup’s plans to open one store each in Colorado City, Claude and San Angelo, all in Texas, and another in Carlsbad, New Mexico, by the end of September 2022. The store openings will take the company’s store count to 414.
Amazon Opens One Store
Amazon opened one Amazon Fresh store in Westlake Village, California, on August 4, 2022. The opening takes the company’s 2022 openings count to 24 and its store count to 69.
Quarterly Store Openings/Closures Settlement
Carter’s Provides Store-Count Update
Apparel retailer Carter’s plans to open 30 and close 19 stores in its current fiscal year, ending January 2023. The company operates 738 stores in the US as of July 2, 2022.
Floor & Decor Provides Store-Count Update
Flooring and accessories retailer Floor & Decor opened nine and closed one store in its second quarter, ended June 30, 2022. The openings have been previously tracked. The company operates 174 stores as of June 30, 2022.
Natural Grocers Provides Store-Count Update
Grocery retailer Natural Grocers opened one store in its third quarter, ended on June 30, 2022, and plans to open four stores in its fourth quarter, ending early October 2022. The company operates 162 stores as of June 30, 2022.
Office Depot Provides Store-Count Update
Office supplies retailer Office Depot closed 12 stores in its second quarter, ended June 25, 2022. The update takes the company’s 2022 closure count to 18. The company operates 1,020 stores as of June 25, 2022.
Palmetto Moon Provides Store-Count Update
Direct-to-consumer apparel brand Palmetto Moon has opened seven stores year to date in 2022 and plans to open one store in the CoolSprings Galleria in Franklin, Tennessee, on August 13, 2022. The company operates 36 stores as of August 12, 2022.
Piggly Wiggly Provides Store-Count Update
Grocery retailer Piggly Wiggly has opened four stores year to date and plans to open one store in Spartanburg, South Carolina, by the end of August 2022. The company operates 406 stores as of August 12, 2022.
Sprouts Farmers Market Provides Store-Count Update
Grocery retailer Sprouts Farmers Market opened two and closed three stores in its second quarter, ended July 3, 2022. The openings have been previously tracked, while the closure update takes the company’s 2022 closure count to four. The company operates 378 stores as of July 3, 2022.
Rent-A-Center Provides Store-Count Update
Rent-to-own furniture retailer Rent-A-Center opened six stores in its second quarter, ended June 30, 2022. The update takes the company’s 2022 opening count to 12. The company operates 1,850 stores as of June 30, 2022.
Non-Store-Closure News
Neiman Marcus appoints new President
Department store chain Neiman Marcus appointed Ryan Ross as its new President, effective August 15, 2022. Ross most recently served as President at Williams Sonoma and left the company in July 2022.
2022 Major US Store Closures and Openings [caption id="attachment_153799" 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_153800" 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
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=2157]
Source: Company reports/Coresight Research
2021 Major US Store Closures and Openings [caption id="attachment_153801" 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 17 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_153802" 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=2158]
Source: Company reports/Coresight Research
2021 Major US Retail Bankruptcies [wpdatatable id=2159]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 Charles Tyrwhitt, Clarks, Majestic Wine, Next, One Below, Poundland, ProCook, Saltrock, Skechers, Tessuti and Trespass. In light of these updates, our 2022 UK store closures and openings counts stand at 461 and 894, 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 32 of 2022 and 2021, ended August 12, 2022, and August 13, 2021, respectively. Year to date in 2022, major UK retailers have announced 3.4% more openings and 68.3% fewer closures compared to the same time last year.
2022 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=497]
2021 UK Announced Store Closures and Openings: Week-by-Week Comparison [wpdatachart id=496]
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
Charles Tyrwhitt To Open One Store
Men’s apparel retailer Charles Tyrwhitt plans to open one store in Milton Keynes by the end of August 2022. The store opening will take the company’s store count to 25.
Clarks Closes One Store
Footwear retailer Clarks closed one store in the Central Retail Park in Falkirk on August 9, 2022. The company operates more than 300 stores in the UK as of August 12, 2022.
Majestic Wine Opens One Store
Wine retailer Majestic Wine opened one store in Haywards Heath on August 4, 2022. The opening takes the company’s store count to 198.
Next To Close One Store
Apparel retailer Next plans to close one store in the Mannington Retail Park in Swindon in September 2022. The store closing will take the company’s store count to 494.
One Below Provides Store-Count Update
Discount retailer One Below has opened three One Beyond stores and closed one One Below store year to date in 2022. The company operates 84 stores as of August 10, 2022.
Poundland Announces Store Expansion Plan
Discount retailer Poundland plans to open 24 stores by the end of 2022. The company operates more than 800 stores in the UK as of August 10, 2022.
ProCook Provides Store-Count Update
Kitchenware retailer ProCook has opened three new stores year to date in 2022, with the latest store opened in Rushden Lakes on August 12, 2022. The openings take the company’s store count to 57.
Saltrock Opens One Store
Apparel retailer Saltrock opened one store in the Springfield Outlet in Spalding on August 6, 2022. The store opening takes the company’s store count to 58.
Skechers Opens One Store
Apparel and footwear brand Skechers opened one store in the Dalton Park Outlet Shopping Centre in Murton on August 5, 2022. The store opening takes the company’s store count to 101.
Tessuti Opens One Store
Apparel retailer Tessuti opened one store in the Liverpool ONE Shopping Centre in Liverpool on August 11, 2022. The store opening takes the company’s store count to 35.
Trespass To Open One Store
Outdoor apparel and footwear retailer Trespass plans to open one store in the Hillstreet Shopping Centre in Middlesbrough by the end of August 2022. The company operates more than 170 stores as of July 29, 2022.
Non-Store-Closure News
Poundland appoints new Chief Operating Officer
Discount retailer Poundland promoted Austin Cooke to COO, effective August 4, 2022. Cooke has served as Retail and Transformation Director at Poundland from December 2020.
[caption id="attachment_153803" 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_153804" 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 and Booker banners.
Source: Company reports/Coresight Research [/caption] [caption id="attachment_153805" 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_153806" 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.