As of July 31, major US retailers announced 3,255 store openings and 3,399 store closures year-to-date, according to a new data report from Coresight Research. This resulted 144 net store closures, compared with 1,778 net store closures in the comparable period of 2025.
As of July 31, the retail market had an estimated 26.1 million net addition of retail square footage, with big-box and grocery brands leading the expansion. The furniture retailer IKEA added the most net retail space during this period, with an estimated 1.2 million square feet, followed by the supermarket chain Publix at 756,000 square feet and the sporting goods provider Bass Pro Shops at 524,500 square feet.
The report also noted year-to-date announced store closures are led by the apparel sector (including clothing, footwear and accessories), which accounted for 1,103 closures, or 32.4% of total closures.
“We estimate that this net change equates to 26.1 million net square feet of retail space, comprising 63.0 million square feet of new retail space offset by 36.9 million square feet of closed retail space,” said the report.
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