KEY POINTS

Coresight Research tracks store openings and closures for a select group of retailers in the US and the UK, as well as major US store bankruptcies.

  • Year-to-date (YTD) 2018, the number of US store closure announcements stands at 5,468and the number of store openings is 3,
  • Sears Holdings has announced plans to shut 40 US stores.
  • YTD in the UK, there have been 1,394 store closure announcements and 783 store opening announcements.
  • House of Fraser may see further store closures.

Coresight Research tracks news about store closures and openings, bankruptcies and management changes. Our Weekly Store Openings and Closures Tracker focuses on department stores and specialty retail, including, but not limited to, softlines, hardlines, consumer electronics, grocery and furniture.

2018 Major US Store Openings and Closures

YTD 2018, the number of US store closure announcements stands at 5,468 and the number of store openings is 3,060. We have expanded our coverage list to include more US retailers. We have updated our opening and closure charts for 2017 and 2018 to reflect this.

What Is Happening this Week in the US? 

Sears Holdings Set to Close 40 US Stores

Sears Holdings announced last week that it will close 40 stores in February 2019. These are in addition to the 142 store closures the retailer announced in October when it filed for Chapter 11 bankruptcy protection. We have not updated our 2018 total with the latest round of Sears store closures as they will be completed in February 2019.

Year-to-Date 2018 Major US Store Bankruptcies

2017 Major US Store Bankruptcies

2018 Major UK Store Openings and Closures

YTD in the UK, there have been 1,394 store closure announcements and 783 store opening announcements. 

What Is Happening this Week in the UK?

House of Fraser May Shut More Stores

British department store retailer House of Fraser may closure more stores following landlords’ rejection of owner Mike Ashley’s rent proposals. After Ashley purchased the retailer out of administration for £90 million ($116.4 million), he stated he would save 47 of 59 stores from closure. While 12 stores are set for closure this year, that number could increase following the latest development. 

Non Store-Closure News

Amazon Plans Holiday Pop-Ups Across Europe

Amazon will launch holiday pop-ups called “Amazon Loft for Xmas,” November 16–26 in London and other major cities across Europe. The pop-ups will focus on electronics and toys, plus apparel, home goods and beauty. Amazon launched a fashion pop-up in London last month called “Pop Up Shop Love.”

2017 Major UK Store Openings and Closures

 


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