Summary List Placement
Retailers have announced more than 6,300 store closures this year, as the coronavirus pandemic upends an already challenged industry.
But some brands are still moving forward with plans to grow their footprint in 2020 despite those headwinds.
According to an analysis by Coresight Research, 3,344 new store openings have been announced so far this year. Among those retailers with plans to expand are discount and off-price stores, grocery stores, and “the largest rural lifestyle retailer in the United States” — Tractor Supply.
Here’s a list of retailers that are growing their store fleet in 2020:
SEE ALSO: More than 6,300 stores are closing in 2020 as the retail apocalypse drags on. Here’s the full list.
American Eagle Outfitters plans to open 25 stores for its lifestyle brand Aerie this year, including two locations for Aerie’s new sub-brand, Offline. At the same time, a number of American Eagle stores are expected to close.
Source: American Eagle Outfitters
Off-price retailer Ross Stores expects to open about 66 new locations by the end of the year. At the beginning of 2020, the company said it would open 100 new Ross Dress for Less and dd’s DISCOUNTS stores.
Source: Ross Stores
Ollie’s Bargain Outlet has opened 23 stores so far in 2020, and expects to open about 50 total new locations by the end of the year.
Source: Ollie’s Bargain Outlet
Discount retailer Five Below has opened 84 new stores so far this year, and it expects to end the year with about 110 new locations.
Source: Five Below
Lidl, the German discount grocery chain, plans to invest more than $500 million to open 50 new stores by the end of 2021.
Source: Business Insider
Off-price retailer Burlington said it expects to open 62 new stores while also closing or relocating 26 stores. Meaning, it should have 36 net new locations …read more
Source:: Business Insider