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

Advertisement

SPONSORED VIDEO

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular