Five Retailers Are Opening Stores for Every Retailer Closing Stores, According to New Research from IHL Group
More than five retail chains are opening stores for every retailer that is closing stores in 2019, according to new research from IHL Group.
- More than five retail chains are opening stores for every retailer that is closing stores in 2019, according to new research from IHL Group.
- For every chain closing stores, +5.2 chains are opening stores.
- IHL notes in Retail Renaissance True Store of Store Openings/Closings that it is normal and healthy for chains to be both opening new stores and closing non-performing stores.
- Only two industries, apparel and department stores, show a net decline in stores among all the retailers in the segment.