Market insights

The research firm’s report detailed a 2020 year in review for US and UK stores and looked ahead to what’s facing the retail industry this year. Looking back at 2020, Coresight’s report found that US apparel stores suffered the most, with 3,151 closures. In the UK, 2,450 major retail stores closed and 477 opened last year. Overall, Coresight found that major retailers shuttered 8,741 stores in 2020. It predicts as many as 4,000 stores will open in the US during 2021, driven in part by discount stores including Dollar General. It also said that 2020 was a good year for discount retailers in the US, with 1,669 openings. And across the pond, grocery stores did well in the UK in terms of numbers of openings.


Up to 10,000 Retail stores in the US

The coronavirus pandemic has sickened more than 1 million people, according to official counts, almost a quarter of them in the United States . As of Thursday afternoon, at least 51,000 people have died, and the virus has been detected in at least 171 countries, as these maps show. There is evidence on six continents of sustained transmission of the virus.

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