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Putting the Brakes On

12/15/2008

For the first time since 2001, another recession year, the Chain Store Age Big Builders Survey shows a decline in new-store growth. Our survey of 25 leading retailers, covering all categories, shows that those retailers estimate that they will open 778 fewer stores in 2008 than they opened last year.

Capital Expenditures
(000 omitted) TOTAL Source: Company reports/Chain Store Age research
RankCompany20072008
1Wal-Mart (U.S. discount stores and supercenters)$9,100,000$6,200,000
2Lowe’s4,400,0004,200,000
3Target Corp4,369,0003,800,000
4Home Depot3,600,0002,400,000
5CVS1,800,0002,000,000
6Walgreen1,700,0001,900,000
7Costco1,385,6991,598,571
8Supervalu927,0001,273,000
9Kohl’s1,500,0001,200,000
10Kroger2,060,0001,115,000
11Safeway1,768,7001,007,300
12J.C. Penney1,243,0001,000,000
13Macy’s1,105,0001,000,000
14Sam’s Club700,0001,000,000
15Delhaize America729,300775,000
16Best Buy797,000750,000
17Publix683,290658,300
18Limited Brands749,000600,000
19TJX526,987575,000
20Whole Foods Market530,000575,000
21Sears570,000570,000
22Gap682,000480,000
23Abercrombie & Fitch403,345410,000
24Staples470,377405,663
25Rite Aid336,728364,400
$42,136,426$35,857,234

New Square Footage

TOTAL Source: Company reports/Chain Store Age research
RankCompany20072008
1Wal-Mart (U.S. discount stores and supercenters)26,000,00023,000,000
2Target Corp.20,532,00020,184,000
3Lowe’s17,748,00013,920,000
4Walgreen8,163,5007,975,000
5Kohl’s9,744,0006,525,000
6Kroger4,828,0005,440,000
7Best Buy4,185,3004,550,000
8Home Depot11,880,0004,428,000
9Dollar Tree2,712,5004,218,750
10Dollar General4,588,5004,140,000
11Costco4,200,0003,780,000
12Publix1,997,6003,150,000
13PetSmart2,645,0002,576,000
14Family Dollar2,822,0002,567,000
15Ross2,728,0002,395,000
16Bed Bath & Beyond2,400,0002,250,000
17Delhaize America3,325,8002,024,400
18Sam’s Club2,000,0002,000,000
19Dick’s Sporting Goods1,840,0001,760,000
20Aldi850,0001,700,000
21Staples2,040,0001,700,000
22Supervalu1,620,0001,700,000
23Tractor Supply1,468,5001,501,500
24CVS1,512,3201,479,680
25TJX1,350,0001,200,000
143,181,020126,164,330

New Stores

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RankCompany20072008
1Walgreen501550
2Dollar Tree342208
3Family Dollar300205