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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
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
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.
3
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
4
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
5
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
6
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
7
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
8
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
9
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.
10
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
11
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
12
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
13
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
14
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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