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Originally published on June 28, 2021, by Ben Unglesbee for The Retail Dive.
Dive Brief:
- For the first time in 2021, store closures have declined year over year, according to an emailed report from Coresight Research.
- The firm tracked 4,626 closures so far this year, 5.7% fewer than last year at this time. Leading retailers in closures so far is Christopher & Banks, which liquidated its physical footprint in bankruptcy this year. Another recent retail bankruptcy, Francesca's, closed 342 stores, a significant chunk of its footprint.
- Openings to date stand at 4,311, a 41.8% increase over the same period in 2020. The runaway leader in openings is Dollar General, with 1,035 new stores this year, followed by Dollar Tree with 393 openings.
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