The US
2022 Major US Store Closures and Openings
This week, we discuss updates for Aldi, Allbirds, Charming Charlie, Crate & Barrel, Decathlon, Fleet Feet, J.Crew, Murphy USA, NIKE, Ralph Lauren, Rhone, Sally Beauty, Scotch & Soda, Skechers USA and Value City Furniture. In light of these updates, our 2022 US closures and openings counts stand at
889 and
2,202, 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 6 of 2022 and 2021, ended February 11, 2022, and February 12, 2021, respectively. Year to date in 2022, major US retailers have announced 6.2% more openings and 58.4% fewer closures compared to the same time last year.
2022 US Announced Store Closures and Openings: Week-by-Week Comparison
[wpdatachart id=381]
2021 US Announced Store Closures and Openings: Week-by-Week Comparison
[wpdatachart id=382]
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
Aldi To Open 150 Stores
Discount grocery retailer Aldi plans to open 150 stores by the end of 2022. The openings will take the company’s store count in the US to 2,300.
Coresight Research insight: The year-end figure of 2,300 (estimated) will be 8% below the target of 2,500 for the end of 2022 planned in June 2017—however, that count did not factor in the disruption of a pandemic. Given the 2,500 store target, we expect Aldi store openings to continue aggressively into 2023.
Allbirds Opens One Store
Footwear retailer Allbirds opened one store in Charlotte, North Carolina, on February 2, 2022. The store spans over 2,900 square feet and takes the company’s store count to 25.
Charming Charlie To Close Two Stores
Accessories retailer Charming Charlie plans to close one store in Folsom and one in Roseville, California, during the first half of 2022. The closure will take the company’s store count to 36.
Crate & Barrel To Open One Store
Home-furnishings retailer Crate & Barrel plans to open one store in Manhasset, New York, in spring 2022. The opening will take the company’s store count to 76.
Decathlon To Close Two Stores
Sporting goods retailer Decathlon plans to close its only two stores in the US by the end of 2022. The company stated that in the US it will focus on sales through its retail partners and online business.
Fleet Feet Opens One Store
Footwear retailer Fleet Feet opened one store in McAllen, Texas, on February 7, 2022. The opening takes the company’s store count to 247.
J.Crew To Open One Store
Apparel retailer J.Crew plans to open one store in Kenilworth, New Jersey, in summer 2022. The opening will take the company’s store count to 127.
NIKE To Open One Store
Sports apparel brand NIKE plans to open one store in Princeton, New Jersey, on February 17, 2022. The opening will take the company’s store count in the US to 250.
Rhone Opens One Store
Apparel retailer Rhone opened one store in Westfield Century City shopping center in Los Angeles, California, on February 7, 2022. The opening takes the company’s store count to seven.
Scotch & Soda Opens One Store
Apparel brand Scotch & Soda opened one store in the Fashion Square shopping center in Scottsdale, Arizona, on February 8, 2022. The opening takes the company’s store count to 40.
Value City Furniture Opens One Store
Furniture retailer Value City Furniture opened one store in Portage, Michigan, on January 25, 2022. The store spans 50,000 square feet and takes the company’s store count to 125.
Quarterly Store Openings/Closures Settlement
Murphy USA Provides Store-Count Update
Convenience store chain Murphy USA opened 18 Murphy USA stores in 2021 and opened two stores in January 2022. The company acquired 156 QuickChek stores in 2021, and opened five more stores and closed three in the same year. The company operates 1,521 Murphy stores and 158 QuickChek stores as of December 31, 2021.
Ralph Lauren Provides Store-Count Update
Apparel brand company Ralph Lauren opened seven stores in North America in 2021. The company operates 239 stores in North America as of December 24, 2021.
Sally Beauty Provides Store-Count Update
Beauty retailer Sally Beauty closed 110 stores in 2021 and plans to close 100 stores by the end of 2022. The company operates 3,527 stores as of December 31, 2021.
Skechers Provides Store-Count Update
Footwear retailer Skechers opened 18 stores and closed 26 in the US in 2021. The company closed 11 stores in January 2022 and plans to close an additional five in the US by the end of 2022. The company also plans to open 120–150 stores globally, 14 of which we expect to open in the US. The update takes the company’s 2022 openings and closures counts to 14 and 16, respectively. The company operates 515 stores in the US as of December 31, 2021.
Non-Store-Closure News
Save A Lot Appoints New CEO
Discount grocery retailer Save A Lot has appointed Leon Bergmann as CEO, effective March 2022. Bergmann currently serves as CEO of food distributor Harvest Sherwood Food Distributors. Bergmann succeeds interim CEO Craig Herkert.
2022 Major US Store Closures and Openings
[caption id="attachment_141431" 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_141432" 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
†Figures pertain to North America closures
TJX Companies includes Marmaxx (T.J. Maxx and Marshalls), HomeGoods, Sierra, and Homesense 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=1803]
Source: Company reports/Coresight Research
This week saw updates for Murphy USA, Ralph Lauren, Sally Beauty and Skechers USA, which took the 2021 closures and openings counts to 4,834 and 4,828, respectively.
2021 Major US Store Closures and Openings
[caption id="attachment_141433" 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_141434" 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
We have not tracked any major retail bankruptcies so far in 2022.
2021 Major US Retail Bankruptcies
[wpdatatable id=1627]
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 updates for Abercrombie & Fitch, Boots, Evans Cycles, Game, Hamleys, Just for Pets, Millets and Sports Direct. In light of theseupdates, our 2022 UK closures and openings counts stand at
285 and
376, 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 6 of 2022 and 2021, ended February 11, 2022, and February 12, 2021, respectively. Year to date in 2022, major UK retailers have announced 103.2% more openings and 73.1% fewer closures compared to the same time last year.
2022 UK Announced Store Closures and Openings: Week-by-Week Comparison
[wpdatachart id=383]
2021 UK Announced Store Closures and Openings: Week-by-Week Comparison
[wpdatachart id=384]
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
Abercrombie & Fitch To Open One Store
Apparel retailer Abercrombie & Fitch plans to open one Gilly Hicks brand store in London in summer 2022. The opening will take the company’s store count in the UK to 39.
Boots Provides Store-Count Update
Health and beauty chain Boots closed three stores year to date in 2022. The company operates more than 2,200 stores in the UK as of February 11, 2022.
Evans Cycles Provides Store-Count Update
Bicycle retailer Evans Cycles opened seven stores in 2021 and opened two stores year to date in 2022. The company operates 77 stores as of February 11, 2022.
Game Closes One Store
Video game retailer Game closed one store in Grimsby on February 6, 2022. The closure takes the company’s store count to 257 stores.
Hamleys Closes One Store
Toy retailer Hamleys closed one store in Trinity Leeds shopping center in Leeds on February 5, 2022. The closure takes the company’s store count to 30 stores.
Just For Pets To Open One Store
Pet retailer Just For Pets plans to open one store in Royal Leamington Spa on February 19, 2022. The opening will take the company’s store count to 21.
Millets To Close One Store
Outdoor apparel retailer Millets plans to close one store in Darlington by the end of February 2022. The closure will take the company’s store count to 100.
Sports Direct To Open One Store and Close One Store
Frasers Group plans to open one Sports Direct flagship store in Manchester in late 2022. The company also plans to close one store in Glasgow by the end of February 2022. The company operates 532 stores in the UK as of February 11, 2022.
Non-Store-Closure News
Clarks Appoints New Chief Information Officer (CIO)
Footwear retailer Clarks has appointed Simon Clarke as CIO, effective February 8, 2022. Clarke most recently served as CIO at footwear retailer La Perla. Clarke succeeds Matt Denny, who stepped down from the role in December 2021.
[caption id="attachment_141435" 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 and Jack’s stores.
Source: Company reports/Coresight Research [/caption]
[caption id="attachment_141436" 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.
Source: Company reports/Coresight Research [/caption]
2022 Major UK Uncharted Openings and Closures
[wpdatatable id=1804]
Source: Company reports/Coresight Research
This week saw updates for Evans Cycles, which took the 2021 openings and closures counts to 1,158.
[caption id="attachment_141437" 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_141438" 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. The deadline for inclusion in each weekly report (published on Fridays) is typically the preceding Wednesday.