US Store Tracker Extra, August 2024: Big Lots and Macy’s Contribute to 83 Million Square Feet of Total Closed Retail Space for 2024

What's Inside

Announced store closures by Big Lots and Macy’s in August contribute a combined 20+% to the planned 83 million square feet of closed retail space for 2024, Coresight Research estimates.

Discover US retailers’ latest store closure and opening announcements, as well as the square-footage impacts of these developments.

This report is part of our monthly US Store Tracker Extra series; we offer insights into announced developments as of August 30, 2024.

Data in this report are:

• Year-to-date (YTD) US store closures and openings estimates for 2024, by retailer—total number of store closures/openings and their square-footage impact
• US announced store closures and openings: week-by-week data for 2024 versus the comparable period in 2023
• US retail bankruptcies, 2024 vs. 2023

Companies mentioned in this report include: Big Lots, Harbor Freight Tools, LL Flooring, Macy’s, Rite Aid

Other relevant research:

• Read more research reports covering physical retail
• View our full collection of store tracker reports.
• The Coresight Research US and UK Store Tracker Databank is the definitive resource for information on store openings and closures by sector in the US and UK retail industries.
• The Retail Bankruptcies Databank details bankruptcies of US and UK retail companies, restaurants and gyms since March 2020.