Five retailers opening stores for every retailer closing storesAnchor Admin August 13, 2019
A new report looks to debunk the ongoing retail apocalypse narrative.
More than five retail chains are opening stores for every retailer that is closing stores in 2019, according to research from IHL Group, which is up from 3.7 in 2018. The company also reports that the number of chains adding stores in 2019 has increased 56%, while the number of closing stores has decreased by 66% in the last year.
Fewer retailers make up the bulk of closures in 2019, according to IHL’s Retail Renaissance – True Story of Store Openings/Closings. In 2018, 20 chains represented 52% of all stores closed. In 2019, the 20 announcing the most closures represent 75% of all closures.
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