Reasons to Read

The Store Tracker Extra monthly series offers additional insight into retailers’ store closure and opening announcements.

In this report, we provide our yearly review of store closures and openings in the US and the UK. We review calendar 2023, breaking the counts down by sector, and present our projections for 2024. For the US, we also provide estimated square-footage impacts, location types (on-mall versus off-mall) and openings/closures as a proportion of retailers’ store bases.

  • The infographic download summarizes key data from this report.

Data in this research report include:

2023 Review

  • US and UK store closure and opening counts, 2019–2024E
  • US and UK store closures and openings by sector, 2023
  • Breakdown of US store closures in the home and office retail sector by retailer, 2023
  • Breakdown of US store openings in the discount-store sector by retailer, 2023
  • Details of announced US store closures and openings for 2023, by retailer—total closures, closures as a proportion of store base, total size (square footage) of estimated closures, predominant location type
  • Announced UK store closures and openings for 2023, by retailer

2024 Outlook

  • US and UK store closure and opening totals of major retailers in aggregate, and year-over-year change, 2018–2024E
  • Year-to-date announced US and UK store closures and openings for 2024
  • Coresight Research projections for US and UK store closures and openings in 2024

Companies mentioned in this report include: 7-Eleven, Argos, Bed Bath & Beyond, Co-op, Dollar General, Family Dollar, Frasers Group, Foot Locker, JD Sports, Paperchase, Rite Aid, Ross Stores, The TJX Companies, Tuesday Morning, Walgreens Boots Alliance, Wilko

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Coresight Research attended NRF 2024: Retail’s Big Show in New York City, hosted by the National Retail Federation.

In this report, we present highlights from the third and final day of the conference proper, covering lessons learned from Shein and Temu, the ways in which retailers can address issues and add value to their businesses simultaneously, and insights on personalization and sustainability, among other topics.

Companies mentioned in this report include: Amazon Web Services, Macy’s, NIQ, Reformation, Shein, Temu

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New for 2024, the bi-weekly China Retail Insights series presents the latest insights from the ever-evolving landscape of China’s retail market. Each report in this series provides on-the-ground updates, dissecting trends, innovations and consumer behaviors that are shaping one of the world’s most dynamic retail environments.

In this update, we explore China’s booming pet industry, including brands moving into the space, new brand mashups, and the latest pet tech.

Data in this research report are:

  • Pet ownership in China, 2016–2022
  • China’s pet retail market and YoY change, 2019–2023E

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Reasons to Read

Coresight Research is attending NRF 2024: Retail’s Big Show in New York City, hosted by the National Retail Federation.

In this report, we present highlights from the second day of the conference proper, the importance of supply chain transformation, sustainability practices, omnichannel experiences and workforce planning in the evolving retail landscape.

Stay tuned for more coverage of NRF 2024!

Companies mentioned in this report include: CHEF’STORE, Mastercard Data & Services, P.F. Chang’s, PriceSmart, RELEX Solutions, Saks Fifth Avenue, The Vitamin Shoppe, Workday

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More reports on supply chain, sustainability and retail technology

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The Coresight Research weekly US Consumer Survey Insights series takes a regular temperature check on US consumers’ behaviors and sentiment, based on exclusive proprietary survey data.

In this report, our latest findings are from a survey conducted on January 9, 2023.

Data in this research report are our latest proprietary survey findings on:

  • Consumers’ levels of unsecured debt and expectations of financial windfalls
  • What consumers have bought in-store and online in the last two weeks
  • Activities that consumers have done in the past two weeks
  • Where consumers have bought food and nonfood products from in the last two weeks
  • Consumers’ expectations for the economy overall and for their own personal financial situation

Companies mentioned in this research report include: Aldi, Amazon, Albertsons, Ahold Delhaize, Costco, Dollar General, Dollar Tree/Family Dollar, Kohl’s, Kroger, Macy’s, Target, Walmart

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Reasons to Read

Coresight Research is attending NRF 2024: Retail’s Big Show in New York City, hosted by the National Retail Federation.

In this report, we present highlights from the first day of the conference proper, covering community building through live commerce, data-driven customer experiences, sustainability and more.

Stay tuned for more coverage of NRF 2024!

Companies mentioned in this report include: Blue Yonder, Fanatics, Moët Hennessy (LVMH), PepsiCo, PVH Corp. Salesforce, Target, Wegmans Food Markets

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The Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail in 2024, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We will also discuss trends in healthcare and technology.

In this report, we discuss 10 key trends for the Chinese retail market in 2024. Each trend reflects broader shifts in consumer behavior, technology adoption and market dynamics.

Data in this report include:

  • Overall consumer spending in China and its year-over-year change for 2018–2028E
  • Personal luxury goods spending in China for 2020–2026E
  • Chinese pet market size for 2021–2025E

Companies mentioned in this report include: Alibaba, Estée Lauder Companies, Fendi, JD.com, L’Oréal, Luckin Coffee, Lululemon, LVMH, Pinduoduo, Shein, Temu

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Reasons to Read

The Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail in 2024, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We will also discuss trends in healthcare and technology.

In this report, we present 10 trends that will influence India’s retail sector in 2024 and beyond, helping brands and retailers capitalize on key opportunities amid the highly fragmented and rapidly changing sector.

Data in this research report include:

  • GMV of e-commerce sales during the Indian festive season (October and November) and year-over-year growth, 2019–2023E
  • The number of Indian millionaires expected by 2026
  • The share of Indian consumers that engaged in metaverse-related activities in the past six months
  • Survey data on the reasons companies in India are deploying new technologies and the premium Indian consumers are willing to spend on sustainable products

Companies mentioned in this report include: Amazon, Balenciaga SA, Chumbak, Flipkart, Galeries Lafayette, GOAT Brand Labs, Jack & Jones, Reliance Retail

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Reasons to Read

Our updated Tech 25 focus list of retail-technology companies to watch comprises public companies that align with our expectations for key technology trends in 2024 and beyond.

This free infographic summarizes the composition of the Coresight Research Tech 25. To read more about the updates and to see the full list of companies, read our launch report.

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Reasons to Read

Each report in the Weinswig’s Weekly series reflects on a topical theme in retail. We also highlight our key research from the past week and upcoming reports to look out for, so you don’t miss out.

This week’s note, “From the Desk of Deborah Weinswig,” reveals six topics in retail that you can’t afford to miss at NRF 2024: Retail’s Big Show, which is taking place in New York this week.

Stay tuned for our ongoing coverage of NRF 2024!

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Reasons to Read

We present our updated Tech 25 focus list of retail-technology companies to watch. The list comprises public companies that align with our expectations for key technology trends in 2024 and beyond.

Our launch report covers what’s new for the Tech 25 and a breakdown of the companies into four broad sectors: e-commerce, enterprise software, in-store tech (and warehouse tech) and infrastructure. The full Tech 25 list is included in the report appendix.

  • The infographic download summarizes the composition of the Coresight Research Tech 25.

Companies mentioned in this report include: Adobe, Alibaba, Alphabet (Google), IBM, Microsoft, Nvidia, Oracle, Qualcomm, SAP, Salesforce, Workday

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  • Download the infographic using the icon on this page or click here to view it online.
  • All our coverage of technology.
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From AI-driven personalization to supply chain optimization, what are the tech trends that are set to reshape retail this year? On January 10, 2024, Coresight Research presented 10 key retail-tech trends at CES 2024.

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Reasons to Read

The Coresight Research team is attending CES (formerly the Consumer Electronics Show), hosted by the Consumer Technology Association (CTA) in Las Vegas.

From AI-driven personalization to supply chain optimization, what are the tech trends that are set to reshape retail this year? We continue our coverage of CES 2024 by discussing such trends and sharing insights from notable sessions on the ongoing integration of AI across various sectors.

Companies mentioned in this report include: Alibaba, Dentsu, Instacart, Meta, Nasdaq, Nvidia, Qualcomm

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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies.

Data in this research report include:

  • 2024 week-by-week comparisons of announced store closures and openings in the US and the UK
  • 2023 week-by-week comparisons of announced store closures and openings in the US and the UK
  • 2024 major US and UK store closures and openings
  • 2024 major US and UK retail bankruptcies
  • 2023 major US and UK retail bankruptcies

Companies mentioned in this research report include: Sprouts Farmers Market, Bodycare

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Our Three Data Points We’re Watching This Week series spotlights key data points from this week’s research.

This week, we highlight the five forces we expect to shape US retail in 2024; proprietary survey data on US consumer confidence; and Zulily’s declining revenues and closure—and the implications for retail.

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