Weekly US and UK Store Openings and Closures Tracker 2019, Week 22: Cato Announces Closures

Executive Summary

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

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• In the US, year-to-date announced closures have already exceeded the total we recorded for the full year 2018. Coresight Research estimates announced US store closures could reach 12,000 by the end of 2019.
• So far this year, US retailers have announced 7,215 store closures and 2,784 store openings. This compares to 5,864 closures and 3,239 openings for the full year 2018.
• Year to date, UK retailers have announced 325 store closures and 368 store openings.