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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 2018, the number of US store closure announcements stands at 4,204 and the number of store openings is 2,153.
  • The Fresh Market announced it will close 15 stores.
  • Bed Bath & Beyond plans to close about 40 stores and open 20 new stores.
  • Fabletics will open around 75 new stores across the US and overseas.
  • Year to date in the UK, there have been 999 store closure announcements and 632 store opening announcements.
  • Poundworld will close 25 stores in the UK by July 15.

 

  • Mothercare plans to shut 10 more stores.

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

Year-to-date 2018, the number of US store closure announcements stands at 4,204 and the number of store openings is 2,153.

What Is Happening this Week in the US? 

The Fresh Market to Close 15 Stores

High-end grocery chain The Fresh Market is closing 15 stores in nine states—Georgia, Illinois, Indiana, Kentucky, North Carolina, New Hampshire, Tennessee, Virginia and Wisconsin. The retailer has been under pressure amid fierce pricing competition in the grocery industry.

Bed Bath & Beyond to Close up to 40 Stores

New Jersey-headquartered retailer Bed Bath & Beyond plans to close approximately 40 stores in fiscal 2018 unless it is able to negotiate more favorable lease terms with its landlords. However, the retailer is also investing in its more popular stores, and plans to open another 20 Buy Buy Baby and Cost Plus World Market stores.

Fabletics to Open 75 New Stores

Fabletics, the athletic apparel brand cofounded by Kate Hudson, announced that it will open 75 new stores across the US and international markets. Having completed five years in the athleisure industry, the company is now aggressively pushing for growth. No time frame was specified by the company for the completion of store openings.

Nordstrom to Open Two New Local Stores in Los Angeles

Upscale department store chain Nordstrom plans to open at least two Nordstrom Local shops in Los Angeles and expand its service to New York. Nordstrom Locals are smaller stores with no inventory which are focused on providing a strong customer experience.

JCPenney Debuts Second Brooklyn Store

JCPenney announced the opening of a second store in Brooklyn, capitalizing on the growth of the New York City market. The store will open on August 10, featuring the latest JCPenney brands and concepts in a sleek and modern store environment.

H&M’s Store Openings and Closures

Swedish fashion retailer H&M has opened 13 stores and closed three stores in the US in the half-year ended May 31.

Non-Store-Closure News

Walgreens Boots Alliance Acquires a 40% Stake in Chinese Pharmacy Chain

Drugstore retailer Walgreens Boots Alliance has completed its previously announced agreement to acquire a 40% minority stake in Sinopharm Holding Guoda Drugstores Co. Sinopharm is China National Pharmaceutical Group Corporation’s retail pharmacy platform and operates more than 3,800 retail pharmacies across around 70 cities.

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Year-to-Date 2018 Major US Store Bankruptcies

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2017 Major US Store Openings and Closures

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2017 Major US Store Bankruptcies

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2018 Major UK Store Openings and Closures

Year to date in the UK, there have been 999 store closure announcements and 632 store opening announcements.

What Is Happening this Week in the UK?

Poundworld to Close 25 Stores by Mid-July

Poundworld, the struggling discount retailer, will close 25 stores, resulting in 242 job losses. The stores named for closure will operate until July 15.

Mothercare to Close 10 More Stores

Following Mothercare’s announcement in June of the planned closure of 50 stores, the retailer has announced a further 10 closures. Some of that increase comes from the decision to put its Children’s World subsidiary, which houses 22 of its stores, into administration. Mothercare will transfer 13 Children’s World outlets to other parts of its business.

H&M Store Openings and Closures

H&M opened seven stores and closed eight stores in the UK in the half-year ended May 31. Screen Shot 2018-07-13 at 3.09.46 PM

 

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2017 Major UK Store Openings and Closures

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