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Coresight Research helps retail clients accelerate innovation and growth. We focus on disruption at the intersection of retail and technology – and help you understand what it means for your business. Coresight Research has a global presence spanning the US, Europe and Asia, including deep expertise in the China market.

Gap Scraps Old Navy Spin-Off; Moderately Raises Its Fiscal 2019 Outlook

On January 16, Gap Inc. announced that it had canceled its plans to spin off the Old Navy business, citing investors’ concerns over the complexity of the separation and softer business performance of the brand. Gap Inc. has raised its fiscal year 2019 outlook moderately, owing to better-than-expected promotional levels over the holiday period.

Reviewing 2019 US and UK Store Closures

We review store closures and openings in the US and UK for the full-year 2019. 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.

Weekly US and UK Store Openings and Closures Tracker 2019, Week 52: Jared Opens New Concept Store

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies. This week, we cover a Jared jewelry collaboration with digital native diamond and bridal jewelry retailer James Allen, both Signet Jewelers banners. In the UK, Flannels has expanded into Northern Ireland while Bonmarché loses its CEO. In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018.

The TJX Companies (NYSE: TJX)

The TJX Companies is a US-based off-price retailer of apparel and home fashion. Headquartered in Framingham, Massachusetts, TJX operates stores in nine countries under multiple banners, as well as selling through four e-commerce sites.

Industria de Diseño Textil, S.A. (BME: ITX)

Industria de Diseño Textil (Inditex) is a global fashion retailer of clothing, footwear, accessories and household textile products. Based in A Coruña, Spain, the company sells in stores and online through various commercial concepts, including Pull & Bear and Zara.