Store Tracker | June 14, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 24: Kohl’s Winds Up Its Off-Price BusinessIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019. Read More
Company Earnings Update | June 14, 2019 Register for Free Access Hudson’s Bay Company (TSX: HBC) 1Q19: Mixed Results, Focus on North America and Strategy at Saks OFF 5THHBC reported 1Q19 revenues of C$2.12 billion, down 3.3% YoY and above the consensus estimate of C$2.00 billion. The company reported adjusted 1Q19 EPS of C$1.15, up from the year-ago period. Read More
Flash Report | June 12, 2019 Register for Free Access Hudson’s Bay Company Reviewing Proposal to Go Private, Announces Sale of German Operations for $1.5 BillionHBC announced that a special committee is reviewing a shareholder proposal to privatize the company. HBC also announced it had entered into an agreement to sell its real estate in Germany for $1.5B. Read More
Insight Report | June 11, 2019 Premium Insights from China: Aldi Opens First Stores in ChinaOn June 7, Aldi opened its first stores in China with two locations in Shanghai. China’s grocery market is growing, though global grocery retailers who have tried to tap this market have met with mixed success. Read More
Store Tracker | June 7, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 23: Abercrombie & Fitch to Shut Flagship StoresCoresight Research tracks news about store closures, openings and bankruptcies. Our Weekly US and UK Store Openings and Closures Tracker focuses on department stores and specialty retail stores, including, but not limited to, those selling softlines, hardlines, consumer electronics, groceries and furniture. Read More
Store Tracker | May 31, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 22: Cato Announces ClosuresIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019. Read More
Store Tracker | May 23, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 21: Dressbarn to Close, Adding Almost 700 to US Closures TotalIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Retailers have announced more than 7,000 store closures in the US and more than 300 in the UK, while only 3,100 store openings have been announced. Read More
Flash Report | May 23, 2019 Register for Free Access Ascena Retail Group Announces Closure of Dressbarn, Eliminating its Value Fashion SegmentOn May 20, 2019, Ascena Retail Group announced the closure of its Dressbarn business. Read More
Insight Report | May 21, 2019 Premium New Retail Briefing #10: Alibaba Accelerates its Global Expansion, Intersport Teams Up with SuningAlibaba is accelerating its global expansion by allowing merchants in selected countries to sell on AliExpress and launching the “The New Chinese Goods Project.” Read More
Store Tracker | May 17, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 20: Party City Shuts StoresIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Retailers have announced almost 6,400 store closures in the US and more than 300 in the UK, while only 3,100 store openings have been announced. Read More
Store Tracker | May 10, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 19: CVS Shuts Underperforming StoresIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Retailers have announced more than 6,000 store closures in the US and more than 300 in the UK, while only 3,100 store openings have been announced. Read More
Insight Report | May 7, 2019 Premium New Retail Briefing #9: Taobao Opens Taostyle for Online Clothing Brands; JD.com Seeks Fresh Food Partnerships in Southeast AsiaTaobao launched a multi-label physical store to bring the independent clothing brands selling on its platform offline. Read More
Store Tracker | May 3, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 18: Carter’s Looks to Open StoresYear to date in 2019, US retailers have announced 6,150 store closures and 2,671 store openings. UK retailers have announced 321 store closures and 368 store openings. Read More
Company Earnings Update | May 2, 2019 Register for Free Access Taubman Centers (NYSE: TCO) 1Q19 Results: Beats Consensus Estimates, Updates 2019 Guidance for The Gardens Mall AcquisitionTaubman Centers beat consensus estimates on the top and bottom lines and updated 2019 guidance to reflect The Gardens Mall acquisition. Read More
Store Tracker | April 26, 2019 Premium Weekly US and UK Store Openings and Closures Tracker 2019, Week 17: Office Depot to Close 50 Stores; In the UK, British Land Sells 12 Sainsbury’s StoresIn the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. So far this year, US retailers have announced 6,105 store closures and 2,659 store openings. Year to date, UK retailers have announced 322 store closures and 356 store openings. Read More
