Retail Store Openings and Closings September 2018

Posted: October 16, 2018

September store opening and closing numbers from Chain Store Guide saw another explosion of new store openings, driven by retail chains such as “category killer” retailers as well as “home and hardware” stores.  While August saw 1,425 new store openings, September was down just a bit with 1,023 new store openings. Store closures rose a bit, coming from 154 in August to 449 in September. This data shows a net gain of 574 new retail stores.

Viewing results from a geographic perspective, the states that saw the most store openings was Texas with 79, Florida with 65, and California with 58. The states that saw the most store closings were California with 36, Texas with 31, and Illinois with 27.

Let’s take a closer look.

Openings – 1,023 Total

There were 584 new Home Center/Hardware stores, 237 Category Killer stores, and 115 new supermarkets::

Auto Aftermarket Retailers: 4
Book Stores: 1
Building Products Distribution: 68
Consumer Electronics: 168
Discount Department Stores: 11
Drug Store and HBC Chains: 26
Food Service/Wholesale Grocers: 6
General Merchandise Stores: 50
Home Centers & Hardware Chains: 516
Sporting Goods Retailers: 24
Supermarket Chains: 109
Toy/Hobby/Craft/Fabric Retail: 40

While there are too many chains to list them all, the higher number of openings in September belong to:

Sprint: 140
Harbor Freight Tools: 52
Ace Hardware: 47
Hobby Lobby: 35
Best Buy Mobile: 25
Sherwin-Williams Paint Store: 23
Giant Tiger: 11
Hy-Vee Food Store: 10

Closings – 449 Total

Building Products stores one saw the most closures at 99 stores:

Auto Aftermarket Retailers: 17
Building Products Distribution: 99
Consumer Electronics: 64
Convenience Stores: 1
Department Stores: 7
Discount Department Stores: 12
Drug Store and HBC Chains: 31
General Merchandise Stores: 51
Home Centers & Hardware Chains: 11
Houseware/Giftware: 2
HVI Drug: 3
Music/Video Stores: 6
Office Products/Stationery: 11
Pet Stores: 5
Sporting Goods Retailers: 19
Supermarket Chains: 93
Toy/Hobby/Craft/Fabric Retail: 16

While there are too many individual store names to list, 141 of the closures were from 17 different retailers:

AT & T Authorized Retailer: 25
AT & T Wireless: 13
Big Kmart: 8
Michaels: 8
Walgreens: 8
Super 10: 7
RadioShack: 7
Office Depot: 7
Advance Auto Parts: 7
Sears Hometown Dealer: 7
Family Dollar: 7
Aaron Brothers: 7
Piggly Wiggly: 6
Family Video: 6
Roses Express: 6
Aldi: 6

Stay tuned for next months wrap up of store opening and closing activity!  Keep up with the movers and shakers in the industry.