Retail Real Estate Thrives as Store Closures Drop 58% This Year, Data Shows

Originally published on July 19, 2022, by Buck Wargo for

Strong consumer spending over the past year has prompted retailers to open more stores than they closed. But concerns about rising inflation and the economy this summer have led some to hit the pause button on expansion for now, according to retail analysts.

The U.S. retail sector remains strong, as reflected in data firms' latest store opening numbers. Coresight Research. And only one of six analysts contacted by WMRE has suggested tough times ahead for the sector.

Through the first six months of 2022, there have been 4,328 announced store openings and 1,912 announced closures, Coresight reports. The firm notes that U.S. retailers have announced 1.9 percent more openings and 58.1 percent fewer closures than last year.

Read More
Share this post: