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 2,239. 
  • Heritage Home has filed for bankruptcy.
  • United Natural Foods will acquire SuperValu.
  • Year to date in the UK, there have been 1,215 store closure announcements and 635 store opening announcements. 
  • Wyevale has sold eight garden centers to Blue Diamond.

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 2,239.

What Is Happening this Week in the US? 

No Major Store Closure Announcements

This week saw no announcements with regard to store openings or closures of any major retailers in the US. 

Non-Store-Closure News

Heritage Home Files for Bankruptcy

Heritage Home Group, a furniture retailer and wholesaler, has filed for Chapter 11 bankruptcy after weathering declining sales over the years. The group, which owns the Thomasville & Co. brand, had undergone several rounds of cost cutting in the past, but experienced a 27% decline in sales year over year for the first five months of 2018. 

United Natural Foods Agrees to Acquire SuperValu

United Natural Foods (UNFI), a natural and organic foods distributor, has agreed to acquire grocery retailer SuperValu in a deal worth $2.9 billion including debt. The deal will see UNFI broaden its range and extend its reach, according to a statement from UNFI CEO Steve Spinner.

Year-to-Date 2018 Major US Store Bankruptcies

2017 Major US Store Openings and Closures

2017 Major US Store Bankruptcies

2018 Major UK Store Openings and Closures

Year to date in the UK, there have been 1,215 store closure announcements and 635 store opening announcements. 

What Is Happening this Week in the UK?

No Major Store Closure Announcements

This week saw no announcements with regard to store openings or closures of any major retailers in the UK. 

Non-Store-Closure News

Wyevale Sells Eight Garden Centers to Blue Diamond

Wyevale, the UK’s largest garden center chain, came to an agreement with Blue Diamond, the UK’s third-largest garden center chain, to complete the sale of eight garden centers to the latter. Terra Firma, Wyevale’s parent company, had previously appointed property advisors Christie & Co in May to supervise the sale of its 145 garden centers. Blue Diamond plans to invest £16 million towards remodelling these centers across the next three years. 

2017 Major UK Store Openings and Closures

 

 

Other research you may be interested in: 

Weekly Store Openings and Closures Tracker 2018 #30
Weekly Store Openings and Closures Tracker 2018 #29
Weekly Store Openings and Closures Tracker 2018 #28
Weekly Store Openings and Closures Tracker 2018 #27

Weekly Store Openings and Closures Tracker 2018 #26

Weekly Store Openings and Closures Tracker 2018 #25
Weekly Store Openings and Closures Tracker 2018 #24

Weekly Store Openings and Closures Tracker 2018 #23

Weekly Store Openings and Closures Tracker 2018 #22

Weekly Store Openings and Closures Tracker 2018 #21
Weekly Store Openings and Closures Tracker 2018 #20
Weekly Store Openings and Closures Tracker 2018 #19

Weekly Store Openings and Closures Tracker 2018 #18

Weekly Store Openings and Closures Tracker 2018 #17

Weekly Store Openings and Closures Tracker 2018 #16
Weekly Store Openings and Closures Tracker 2018 #15
Weekly Store Openings and Closures Tracker 2018 #14
Weekly Store Openings and Closures Tracker 2018 #13

Weekly Store Openings and Closures Tracker 2018 #12

Weekly Store Openings and Closures Tracker 2018 #11
Weekly Store Openings and Closures Tracker 2018 #10

Weekly Store Openings and Closures Tracker 2018 #9
Weekly Store Openings and Closures Tracker 2018 #8
Weekly Store Openings and Closures Tracker 2018 #7

Weekly Store Openings and Closures Tracker 2018 #6
Weekly Store Openings and Closures Tracker 2018 #5
Weekly Store Openings and Closures Tracker 2018 #4
Weekly Store Openings and Closures Tracker 2018 #3
Weekly Store Openings and Closures Tracker 2018 #2

Weekly Store Openings and Closures Tracker 2018 #1


Leave a Comment