Retail Chain Openings Outpace Closures To Start 2021

For once, retail in the U.S. has a positive story to tell.
Among U.S. chain retailers, announced store openings for this year account for more square footage than announced store closures, according to Coresight Research’s monthly U.S. Store Tracker Extra report. So far, 3,597 openings have either been executed or announced, totaling 49.7M SF. Closures total 3,395, representing 44.3M SF.
For both openings and closures, the first four months of 2021 were substantially more active than the previous year. Only 2,472 openings and 2,191 closures had been announced by the end of April 2020, according to Coresight. 
No retailer has announced more closures this…

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