For the first time in years, retailers plan to open more stores than they close, reported CNBC, sourcing data from Coresight Research. Many businesses see an opportunity to sign shorter leases, which can allow them to experiment with different formats.
Year-to-date, retailers in the U.S. have announced 3,199 store openings and 2,548 closures.
From Ulta Beauty and Sephora to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the COVID-19 pandemic and looking to expand.
