US and UK Store Closures Review 2020 and US Outlook 2021

What's Inside

We review store closures and openings in the US and the UK for the full-year 2020. We break down the numbers by sector and analyze the key retailers that significantly contributed to total openings and closures over the course of the year. We also present our projections of US store closures and openings in 2021.

Coresight Research’s Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies.

Complementing our weekly report, the Coresight Research Retail Store Databank offers our premium subscribers access to openings and closures data from 2012 to 2021 year to date, filterable by sector and year.

CONTENTS

What’s the Story?

US Store Closures: Apparel Stores Saw the Most Closures

Apparel, Footwear and Accessories: Sector Breakdown

Store Closures Across Other Sectors

US Store Openings: Discount Stores Led in Store Openings

Discount Stores: Sector Breakdown

Store Openings Across Other Sectors

UK Store Closures: Apparel Stores and Electronics Retailers Drove Store Closures

UK Store Openings: Grocery Retailers Recorded the Most Openings

US Outlook for 2021

Estimating 10,000 Closures in 2021

US Store Openings Could Reach 4,000 in 2021

What We Think

Implications for Brands/Retailers 

Implications for Real Estate Firms

Note on Methodology