When it comes to store expansion, dollar store retailers are at the head of the pack.
A new report from Coresight Research found that dollar store (or extreme value) chains such as Dollar General, Dollar Tree and Family Dollar have announced plans to open a total of 1,626 new stores this year, reported Footwear News. That’s out of a total of 4,799 announced store openings in 2021 to date.
The other retailers that topped the list of store opening plans included Five Below, which is on track to open 170 to 180 stores this year; Ace Hardware, with plans to add more than 170 locations; and Aldi, which is planning to open 100 stores. Also on the list Foot Locker and Burlington Stores.
On the downside, major U.S. retailers have announced 4,844 store closures so far in 2021, compared to 2,191 closures last year, according to the report. The list of closures in 2021 is led by bankrupt Christopher & Banks, which plans to close all its 449 stores, and Francesca’s.