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

Since launching in 2014, INVISION has won 23 international journalism awards for its publication and website. Contact INVISION's editors at [email protected].

SPONSORED VIDEO

Sponsored by Shamir

Customer Focused, Service Oriented, Forward Thinking

Shamir is the recognized world leader in custom-designed technology for life improvement, fashion, performance sports, occupational single vision, and progressive lenses. Our values, the driving force behind our ideas and actions, keep the ECP in the center. Every Shamir representative is personally committed to our customers’ vision, and to providing the best service and support to meet and exceed their expectations, all with a personal touch.

Click here for more information.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Most Popular