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New Store Openings Are Up 58% in 2021

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

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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.

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Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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