14
1 Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved. December 27, 2019 Weekly US and UK Store Openings and Closures Tracker 2019, Week 52: Jared Opens New Concept Store In the US, 9,275 store closures have been announced year to date, compared to 6,897 closures for the full year 2018; 4,454 store openings have been announced year to date, compared to 4,311 openings in 2018. Jared opened a new concept store in collaboration with James Allen in Maryland. Year to date, UK retailers have announced 569 store closures and 703 store openings. Flannels opened its largest-ever store in Belfast. Deborah Weinswig CEO and Founder Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016

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Page 1: Weekly US and UK Store Openings and Closures Tracker 2019, … · 2020-01-15 · Weekly US and UK Store Openings and Closures Tracker 2019, Week 52: Jared Opens New Concept ... Abercrombie

1

Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

Weekly US and UK Store Openings and Closures

Tracker 2019, Week 52: Jared Opens New Concept

Store

• In the US, 9,275 store closures have been announced year to date, compared to 6,897 closures for the full year 2018; 4,454 store openings have been announced year to date, compared to 4,311 openings in 2018.

• Jared opened a new concept store in collaboration with James Allen in Maryland.

• Year to date, UK retailers have announced 569 store closures and 703 store openings.

• Flannels opened its largest-ever store in Belfast.

Deborah Weinswig CEO and Founder

Coresight Research [email protected]

US: 917.655.6790 HK: 852.6119.1779

CN: 86.186.1420.3016

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2

Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

The US

2019 Major US Store Closures and Openings Year to date in 2019, US retailers have announced 9,275 planned store closures and 4,454 openings. By week 15 of 2019, year-to-date announced closures had already exceeded the total for all of 2018. We recorded 6,897 closures and 4,311 openings for the full year 2018. Our data represents closures and openings by calendar year.

We revised our estimated closure count for Signet Jewelers this week and this has changed our US store closure count from last week. We have also reconciled the US opening and closure charts for 2018 to account for the larger base of companies we cover this year.

What Is Happening This Week in the US

Jared Opens New Concept Store Signet Jewelers-owned jewelry brand Jared has opened a new format store at the Francis Scott Key Mall in Maryland. The new Jared store was developed as a collaboration with digital native diamond and bridal jewelry retailer James Allen, also a Signet Jewelers banner. The store is designed to enable a modern omni-channel shopping experience and it also offers a hands-on product experience. In April, Signet Jewelers announced plans to open 20 to 25 stores during its current fiscal year ending February 2, 2020.

Coresight Research insight: Signet is in a multi-year store rationalization strategy focused on reducing mall-based exposure and exiting regional brands, with plans for an estimated 150 store closures in the current fiscal year. At the same time, Signet’s transformational strategy is focused on a customer-first omnichannel platform across all consumer touchpoints and the Jared x James Allen concept store is one such effort, bringing online and offline together with interactive digital displays and jewelry consultants for assistance.

Non-Store-Closure News

BJ’s Wholesale Club Names New CEO Warehouse club chain BJ’s Wholesale Club has named Lee Delaney CEO effective February 2, 2020. Delaney joined the company in 2016 and currently serves as President of BJ’s Wholesale Club. He will succeed current CEO Christopher Baldwin, who will step down to become Executive Chairman.

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

Year-to-Date 2019 Major US Store Closures

Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this for some retailers, including Abercrombie & Fitch, Athleta, Ascena Retail, Chico’s, Gap, Hibbett Sports, Old Navy, Pier 1 Imports, Signet Jewelers, Tuesday Morning and Walgreens. Our closure estimates for Bed Bath & Beyond, Burberry, GameStop, Gap, GNC, GIII and Foot Locker are based on the proportion of existing stores in the US. Ascena Retail includes Dressbarn. Foot Locker includes Foot Locker, Lady Foot Locker, Kids Foot Locker, Champ Sports, Footaction and SIX:02 banners. Gap includes Gap, Old Navy, Banana Republic, Athleta and Intermix banners. Lululemon includes Lululemon and Ivivva banners. Sears includes Sears and Kmart banners. Tailored Brands includes Men’s Wearhouse, Men’s Wearhouse and Tux, Jos. A. Bank and K&G banners. Tapestry includes Coach, Kate Spade and Stuart Weitzman. Ralph Lauren and Tapestry closures pertain to North America. RTW Retailwinds includes New York & Company and Fashion to Figure banners. *Total includes a small number of retailers that each announced fewer than 14 store openings and are not included in the chart. Source: Company reports/Coresight Research

14151517171920202022222222222324252728333536384042464646505054545558617487106108122125132154160174

210210222

261332

359371

512564

749781

2,100

0 500 1,000 1,500 2,000 2,500

Dick's Sporting GoodsSaks Fifth AvenueBarneys New York

Vera BradleyZ GallerieTapestry

Bath & Body WorksJ.Crew

Francesca’sE.L.F Beauty

Southeastern GrocersRalph Lauren

Williams-SonomaBest Buy

Vitamin ShoppeSleep Number

Carter’sJCPenney

RTW RetailwindsDollar Tree

GenescoPat Catan

G-III Apparel GroupAbercrombie & Fitch

Victoria’s SecretStage Stores

CatoCVS

Big LotsOffice Depot

Bed Bath & BeyondA’gaci

Party CityPier 1 ImportsAce Hardware

Chico’sHibbett Sports

GameStopFoot Locker

Samuels JewelersRent-A-Center

Signet JewelersGap

The Kitchen CollectionWalgreens

Destination MaternitySears

AvenueCharming Charlie

GNCFamily Dollar

ShopkoCharlotte Russe

Fred’sGymboree

Ascena RetailPayless ShoeSource

Total:9,275 announced store closures* (35% higher than total closures in 2018)

STORE

CLOSUR

ES

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

Year-to-Date 2019 Major US Store Openings

Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers, including Aldi, Costco, Dollar Tree, Five Below and Family Dollar. Estimates of store openings for Bed Bath & Beyond, Foot Locker, Gap, Levi’s and Lululemon are based on the proportion of existing stores in the US. Estimates of store openings for H&M and TJX are based on net new stores in the US. Amazon includes Amazon Go, Amazon Books and Amazon 4-Star stores. Foot Locker includes Foot Locker, Lady Foot Locker, Kids Foot Locker, Champ Sports, Footaction and SIX:02 banners. Gap includes Gap, Old Navy, Banana Republic, Athleta and Intermix banners. Sears includes Sears and Kmart banners. Macy’s includes Bloomingdale’s and Bluemercury banners. Tailored Brands includes Men’s Wearhouse. Tapestry includes Coach, Kate Spade and Stuart Weitzman. TJX includes TJ Maxx, Marshalls, HomeGoods, Sierra and HomeSense. Dufry AG, Ralph Lauren, Tapestry and Tempur Sealy openings refer to North America openings. RTW Retailwinds includes the New York & Company and Fashion to Figure banners. *Total includes a small number of retailers that each announced fewer than 11 store openings and are not included in the chart **Indochino openings refer to North America total openings, excluding one opening announced for the greater Toronto area Source: Company reports/Coresight Research

111111121212121415151516191920202222252727303032323535373840434545475459636571808080

98100

113115

135152159

178192202

348975

0 200 400 600 800 1,000 1,200

CatoHibbett Sports

CostcoDSW

LululemonFabletics

Michaels StoresConn’s HomePlus

Bed Bath & BeyondDuluth TradingShoe Sensation

Tempur SealyDry Goods

Indochino**Tapestry

Signet JewelersPublixLevi’s

Eyemart ExpressGenesco

Murphy USASprouts Farmers Market

TargetSkechers USA

Grocery OutletSephora

AerieAt Home

Bath & Body WorksFoot Locker

Ollie’sDufry AG

Carter’sSleep Number

Big LotsCasey’s General Stores

WawaHobby Lobby

BurlingtonShopko Optical

Tractor Supply CompanyUlta

Ross StoresCVS Health

Ace HardwareGap

Charlotte RusseFive Below

AldiGreen Growth Brands

TJXFamily Dollar

Dollar TreeDollar General

Total: 4,454 announced store openings*

STORE

OPENI

NGS

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

2019 Major US Uncharted Openings and Closures The table below shows announced openings and closures not included in our totals, as the companies did not provide detail on timing or location.

Company Openings Closures Update Announced

A. C. Moore 145

Nicole Crafts has decided to close A. C. Moore stores. Plans for closing specific locations will be announced in the coming weeks. Not included in the chart as the company has not divulged details regarding timelines.

November 2019

Forever 21 111

Forever 21 may close 111 stores but the number could change, according to Bloomberg. These are not included in the chart as the plan has not been confirmed. In September 2019, the retailer filed for Chapter 11 bankruptcy protection and requested approval to shut 178 US stores.

September 2019 (Updated November 2019)

Capri Holdings 100 Capri will open over 100 Versace stores over the next two years. Not included in the chart as the retailer did not disclose details regarding locations.

June 2019

Gordmans 74

Gordmans opened 36 stores in June and 38 in March. These are not included in the chart as the new stores were converted from other banners owned by the same parent company, Stage Stores.

June 2019

Saks Fifth Avenue 5

Saks Fifth Avenue announced plans to downsize stores and shut 20 in the US, of which 15 will close in 2019. The remaining five are not included in the chart as the timing is unconfirmed.

February 2019 (updated June 2019)

Rebag 26

Luxury handbag reseller Rebag has announced plans to open 30 stores in the medium term, after raising $25 million in a Series C funding round. The store-openings chart includes openings in the Westfield Santa Anita Mall in Arcadia, California; plus openings in Miami, Garden City, New York and San Francisco. The other 26 stores are not included in the chart as the company did not provide a timeline.

May 2019 (updated October 2019)

Source: Company reports/Coresight Research

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

2018 Major US Store Closure Announcements

*Total includes a small number of retailers that each announced fewer than 17 store closures and are not included in the chart. We estimate this information for retailers including Payless Shoesource, Signet Jewelers and Walgreens, among others. Estimates for Alimentation Couche-Tard, Foot Locker, Game Stop, Genesco, Ralph Lauren, Deckers Outdoor, J. Crew, Under Armour and Burberry are based on the existing proportion of stores in the US. Build-A-Bear, Chico’s, Destination Maternity, Dollar Tree, Family Dollar, Gap, GNC, Party City, Ralph Lauren, Signet Jewelers and Tapestry closures pertain to North America closures. Fossil closures pertain to closures in the Americas (Canada, Latin America and the US). Abercrombie & Fitch includes the A&F and Hollister banners. Ascena Retail includes Ann Taylor, Dressbarn, LOFT, Maurices, Lane Bryant, Catherines and Justice banners. Dick’s Sporting Goods includes Dick’s Sporting Goods and Golf Galaxy banners. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Gap includes Gap, Old Navy, Banana Republic, Athleta and Intermix banners. Genesco includes Journeys Group, Schuh and Johnson & Murphy banners. Ralph Lauren includes Ralph Lauren and Club Monaco banners. RTW Retailwinds includes New York & Company and Fashion to Figure banners. Sears includes Sears and Kmart banners. Signet Jewelers includes Kay, Zales, Peoples, Jared and regional banners. Stage Stores includes Bealls, Goody’s, Palais Royal, Peebles and Stage banners. Tailored Brands includes Men’s Wearhouse, Men’s Wearhouse and Tux and K&G banners. Tapestry includes Kate Spade, Coach and Stuart Weitzman banners. Tractor Supply Company includes Tractor Supply and Petsense banners. Urban Outfitters includes Urban Outfitters, Free People and Anthropologie banners. American Eagle Outfitters, G-III Apparel Group, Sally beauty and Under Armour refer to net closures. Source: Company reports/Coresight Research

1719202121222424262828292930303030313133343535363738394041414647

5960626771

818687919293949799101102

116118

212212212

256257258259

408535

660735

0 100 200 300 400 500 600 700 800

Tailored BrandsOffice Depot

A’gaciDollar TreeJC Penney

Pier 1 ImportsGuess

Francesca’sKiko USA

Bath & Body WorksBuild-A-Bear

Williams-SonomaVictoria’s Secret

FossilAbercrombie & Fitch

CVSSleep Number

Destination MaternityFred’s

Pat CatanBed Bath & Beyond

J.CrewChildren’s Place

TapestryRTW Retailwinds

KrogerCato

Stage StoresSally Beauty

Carter’sBig LotsChico’s

GenescoAlimentation Couche-Tard

G-III ApparelDollar General

Nine WestHibbett Sports

WalmartRent-A-Center

Foot LockerClaire’s

Game StopSoutheastern Grocers

Aaron BrothersOrchard Supply

BrookstoneGap

Ace HardwareFamily Dollar

Signet JewelersSears and Kmart

Ascena RetailBon-Ton

GNCNational Stores

Best BuyPayless ShoeSource

WalgreensMattress Firm

Toys “R” Us

Total: 6,897 announced store closures*

STORE

CLOSUR

ES

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

2018 Major US Store Opening Announcements

*Total includes a small number of retailers that each announced fewer than 14 store openings and are not included in the chart. We estimate this information for retailers including Aldi, Five Below and Dollar Tree among others. Estimates for Alimentation Couche-Tard, Foot Locker, Game Stop, Genesco, Ralph Lauren, Deckers Outdoor and Steven Madden are based on the existing proportion of stores in the US. Build-A-Bear, Chico’s, Destination Maternity, Dollar Tree, Family Dollar, Gap, GNC, Michaels Stores, Old Navy, Party City, Ralph Lauren, Signet Jewelers and Tapestry openings pertain to North America openings. Fossil and Michael Kors openings pertain to Americas (Canada, Latin America and the US) openings. Abercrombie & Fitch includes A&F and Hollister banners. American Eagle Outfitters refers to Aerie openings. Ascena Retail includes Ann Taylor, LOFT, Maurices, Lane Bryant, Catherines and Justice banners. Dick’s Sporting Goods includes Dick’s Sporting Goods and Golf Galaxy banners. Foot Locker includes the Foot Locker, Lady Foot Locker, Champs Sports, Foot Action and SIX:O2 banners. Gap includes Gap, Banana Republic, Athleta and Intermix banners. Genesco includes Journeys Group, Schuh and Johnson & Murphy banners. Ralph Lauren includes Ralph Lauren and Club Monaco banners. Ross Stores includes Ross and dd’s DISCOUNTS banners. RTW Reatilwinds includes New York & Company and Fashion to Figure banners. Signet Jewelers includes Kay, Zales, Peoples, Jared and regional banners. Stage Stores includes Bealls, Goody’s, Palais Royal, Peebles and Stage banners. Tapestry includes Kate Spade, Coach and Stuart Weitzman banners. Tractor Supply Company includes Tractor Supply and Petsense banners. Urban Outfitters includes the Urban Outfitters, Free People and Anthropologie banners. American Eagle Outfitters, Michael Kors and TJX refer to net new openings. Source: Company reports/Coresight Research

STORE

OPENI

NGS

1414151515151617191920222323242425252626262830303132333435363737384346464750535355565961

75919899107107

125145152

174231

320900

0 100 200 300 400 500 600 700 800 900 1,000

LidlCostco

Duluth TradingSteven Madden

RTW RetailwindsParty City

Bed, Bath & BeyondFoot Locker

Ascena RetailIndochino

Game StopDick’s Sporting Goods

Williams-SonomaMichaels Stores

Whole Foods MarketGNC

UntuckitSkechers USAMurphy USARalph Lauren

Grocery OutletMacy’sTarget

Sprouts Farmers MarketAt HomeBig Lots

Alimentation Couche-TardFrancesca’s

GenescoGap

Ollie’sHibbett Sports

WalmartPublix

TapestryBuild-A-Bear

Signet JewelersH&M

Bath & Body WorksSleep Number

Carter’sHobby Lobby

BurlingtonCamping World

Old NavyCasey’s

Tractor Supply CompanyRoss Stores

AldiUlta

Five BelowCVS Health

TJXAce Hardware

Family DollarDollar Tree

Dollar General

Total: 4,311announced store openings*

STORE

OPENI

NGS

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

2019 Major US Retail Bankruptcies

Month Announced Company

Jan Gymboree Jan Shopko Feb Charlotte Russe Feb Things Remembered Feb Payless ShoeSource Feb Samuels Jewelers Mar Diesel USA Mar Z Gallerie May Arcadia Group USA May FTD Companies Jul Charming Charlie Aug Barneys New York Aug A’gaci* Aug Avenue Sep Fred’s Sep Forever 21 Oct Destination Maternity

*A’gaci filed for bankruptcy for the second time after entering and exiting bankruptcy in 2018 Source: Company reports/Coresight Research

2018 Major US Retail Bankruptcies

Month Announced Company Month Announced Company

Jan A’gaci* Jul Heritage Home Group Jan Kiko USA Aug National Stores Feb Bon-Ton Aug Brookstone Feb Tops Friendly Markets Aug Gump’s Feb Charlotte Olympia Aug Samuels Jewelers Mar Southeastern Grocers Oct Mattress Firm** Mar Claire’s Oct Sears Holdings*** Mar The Walking Company

May The Rockport Group *A’gaci emerged from bankruptcy in August 2018 **Mattress Firm emerged from Bankruptcy in November 2018 ***Sears Holdings emerged from bankruptcy in January 2019 Source: Company reports/Coresight Research

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

The UK

2019 Major UK Store Closures and Openings Year to date in the UK, major retailers have announced 569 store closures and 703 store openings. Our data represents closures and openings by calendar year.

We have reconciled the UK opening and closure charts for 2018 to account for the larger base of companies that we cover this year.

What Is Happening This Week in the UK

Flannels Opens Store in Belfast Luxury fashion chain Flannels, a subsidiary of Frasers Group (formerly known as Sports Direct), opened its largest-ever store at the Victoria Square shopping center in Belfast. The 30,000-square-foot store showcases brands such as Balenciaga, Gucci and Saint Laurent, among others. The store also features its first-ever Flannels Café & Bar. In March 2019, the chain announced plans to open 60 new stores over the next three years. Flannels currently operates 46 stores across the UK.

Non-Store-Closure News

Bonmarché CEO Resigns Clothing retailer Bonmarché CEO Helen Connolly has stepped down after joining the company in August 2016. Prior to joining Bonmarché, she worked for Dorothy Perkins and Next. Bonmarché collapsed into administration in October this year, with around 2,900 jobs and 318 stores facing uncertainty.

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

45

810

1516

202020

24282930

3337

48495051

65100

0 20 40 60 80 100 120

MorrisonsPrimark

Oliver BonasHMV

Jack’sTesco

Heron FoodsFlannels

AcuitisM&S

SuperdrugSainsbury's

Mountain WarehouseVPZ

The EntertainerIceland

Card FactoryLidl

B&MAldi

Co-op

Year-to-Date 2019 Major UK Store Closures

Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers, including B&M, Burberry, Homebase, Laura Ashley, M&S, New Look and Office *Total includes a small number of retailers that each announced one or two store closures and are not included in the chart. Source: Company reports/Coresight Research

Year-to-Date 2019 Major UK Store Openings

Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur. We estimate this information for some retailers, including Iceland, Heron Foods and M&S. Our estimate of store openings for Card Factory is based on the proportion of net existing stores in the UK. Abercrombie & Fitch includes Abercrombie & Fitch and Hollister banners. Urban Outfitters includes the Anthropologie banner. *Total includes a small number of retailers that each announced one or two store openings and are not included in the chart Source: Company reports/Coresight Research

33

444

5666

710

1112

1316

1721

2325

27303030

32363636

4067

0 10 20 30 40 50 60 70 80

BurberryOffice

MorrisonsOutdoor & Cycle Concepts

Gerry WeberPaperchase

B&MMamas & Papas

SuperfiHouse of FraserWatt Brothers

HomebaseWaitroseJack Wills

Office OutletSainsbury’sLK Bennett

ArgosNew Look

HMVBonmarche

BrighthouseEvans Cycles

TescoM&S

CarpetrightMothercare

Laura AshleyBoots

Total: 569 announced store closures*

Total: 703 announced store openings*

STORE

CLOSUR

ES

STORE

OPENI

NGS

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

2019 Major UK Uncharted Openings and Closures Company Openings Closures Update Announced

Clintons 66 Clintons may close 66 of it 332 stores in the UK. Discussions with landlords are ongoing and no decisions have yet been made. Not included in the chart as the plan has not been confirmed.

November 2019

Bonmarché 100 Bonmarché may close 100 of its 138 UK stores if it does not find a buyer. Not included in the chart as the plan depends on finding a buyer.

November 2019

Mothercare 79 Mothercare will shut 79 UK stores in the coming weeks and months. Not included in the chart as the retailer did not confirm timelines.

November 2019

Smiggle 117 Smiggle may shut 117 of its 134 UK stores. Not included in the chart as the plan has not been confirmed.

September 2019

House of Fraser 39 Sports Direct announced plans to close around 39 House of Fraser stores. Not included in the chart as the company did not disclose information regarding the timeline.

August 2019

The Works 50 The Works announced plans to open 50 stores. Not included in the chart as the company did not divulge details on timelines.

July 2019

Carpetright 90 Carpetright has announced it could close 90 stores over the next two years. Not included in the chart as details of the plan are not confirmed and it is unclear how many will occur in the UK.

June 2019

Arcadia Group 48 Arcadia Group has drawn up a list of 23 UK and Ireland stores for closure under terms of its CVA. There is an additional clause for 25 Evans and Miss Selfridge stores to shutter. Not included in the chart as we do not have information on timing of the planned closures.

May 2019

Majestic Wine 211 Majestic Wines has announced plans to close some or all of its 211 stores as it shifts its focus to its fast-growing online business Naked Wines. Not included in the chart as details of the plan are not yet confirmed and the process could slip into 2020.

March 2019

Kingfisher 15 Kingfisher has announced plans to close 15 stores, 11 in France. Not included in the chart as the location of the remaining four stores is not known.

March 2019

Source: Company reports/Coresight Research

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

2018 Major UK Store Closure Announcements

Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur, and we estimate this information for some retailers, including Argos, B&M, Homebase, M&S, Monsoon Accessorize, Sainsbury’s and Tesco. JD Sports closures refer to the UK and Republic of Ireland closures. Source: Company reports/Coresight Research

123445555566681013

202020212222242626283234

405051

6569

80105105

219335

0 50 100 150 200 250 300 350 400

HabitatDebenhams

House of FraserOffice Outlet

Shop DirectB&M

WaitroseOrla Kiely

Dunnes StoresJacadi

Laura AshleyFrench Connection

WH SmithM&S Simply Food

Sainsbury’sH&M

Monsoon AccessorizeN Brown

American GolfTescoNext

JD SportsCoast

M&S Clothing and HomeSports DirectMothercare

Original Factory ShopEast

GreenwoodsGreggs

ArgosHomebaseNew Look

CarpetrightToys “R” Us

Dixons CarphoneMaplin

Poundworld

Total: 1,502 announced store closures

STORE

CLOSUR

ES

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

2018 Major UK Store Opening Announcements

Coresight Research attributes store openings and closures to the year in which they occurred or are expected to occur, and we estimate this information for some retailers, including B&M, Footasylum, Greggs, Habitat, Hema, Heron Foods, House, Iceland, Lidl, M&Co, M&S, Pets at Home, Sainsbury’s and Smiggle. Card Factory, HomeSense and Pets at Home refer to net new openings. JD Sports openings refer to the UK and Republic of Ireland. Source: Company reports/Coresight Research

Notes Figures represent store openings and closures that occurred, or are expected to occur, in the respective calendar years. For some retailers, store opening and closure numbers are estimated, including from part-year data, global figures or announced closure/opening programs that span multiple years. Estimates are updated as companies announce details. Figures for openings and closures are gross.

1111111222222333444

678

131516

181818

2022232425

2932

5050515253

70100

149

0 20 40 60 80 100 120 140 160

Abercrombie & FitchArgos

Crabtree & EvelynLaura Ashley

Natural SelectionFlannels

NextUrban Outfitters

John LewisArlo & Jacob

MorpheOliver Bonas

PrimarkIkea

Polo Ralph LaurenHabitat

TJ HughesFootasylumDebenhams

Pets at HomeHouseJack’s

HomeSenseHeron Foods

Sainsbury’sThe Entertainer

HemaM&Co

PoundlandTesco

SuperdrugSmiggle

H&MJD Sports

IcelandScrewfix

LidlCard Factory

M&S Simply FoodB&M

AldiCo-op

Greggs

Total: 909 announced store openings

STORE

OPENI

NGS

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Deborah Weinswig, CEO and Founder, Coresight Research [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2019 Coresight Research. All rights reserved.

MONTH XX, 2015

December 27, 2019

Deborah Weinswig, CPA CEO and Founder Coresight Research New York: 917.655.6790 Hong Kong: 852.6119.1779 China: 86.186.1420.3016 [email protected] Marie Driscoll, CFA Head of US Research Vineeth Gangadharan Research Associate Alisha Aranha Research Executive Hong Kong: 2/F, LiFung Tower 888 Cheung Sha Wan Road, Kowloon London: 242-246 Marylebone Road London, NW1 6JQ Mangaluru (India): K-Tech Innovation Hub 3rd Floor, Plama Center, Bejai Kapikad Road Mangaluru 575004 New York: 1359 Broadway, 17th Floor New York, NY 10018 Shanghai: 627 Huaihai Middle Road Huangpu District Shanghai 200000

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