Connect with us

Headlines

New Store Openings Are Up 58% in 2021

A calendar year later, brick and mortar has flipped the script.

mm

Published

on

A new report from Coresight Research says retailers have announced 4,969 store openings so far in 2021, representing a 58.3 percent increase from the year prior.

In its analysis of the report, Retail Dive noted that Dollar General has far outpaced any other retailer in store openings, representing more than 20 percent of all openings so far this year.

Competing discount concerns including Dollar Tree, Family Dollar and Five Below are next up on the list of retailers who have rapidly expanded their footprints. Foot Locker (109 openings), Signet Jewelers (87), Tractor Supply (80) and Aerie (76) have also significantly beefed up their store bases.

“In brick and mortar, the script has flipped between 2020 and 2021,” Retail Dive writes, observing that store closures exceeded openings by more than 150 percent this time last year.

Read more at Retail Dive.

Advertisement

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

When Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

Promoted Headlines

Most Popular