There is good news growing out of the bricks-and-mortar rubble of 2020. Retailers are back to opening new stores. It appears that most of the activity is coming from deep-discount retailers. (Note – Some sources differ from others in the number of openings, but most were within a few points of each other). There are closings taking place as well, but the number of openings far exceeds the number of closings.
Dollar General + 1050 new stores
Dollar Tree (Family Dollar) + 600 new stores.
Five Below + 170 new stores
Aldi + 100 new stores
TJX* + 76 new stores.
Ross Stores + 60 new stores
Target + 30 to 40 new stores
BJ’s + 6
Not everyone is in the bricks-and-mortar mood. Here are chains which have announced store closings:
Disney Stores – 60
Macy’s – 45
Bed, Bath & Beyond – 43
Best Buy – 20
*TJ Maxx, Marshalls, Home Goods, Sierra, Homesense