Chain stores news and archive

1 of every 7 chain stores closed in New York City in 2020

The Real Deal has reported that 1 out of every 7 chain stores in New York City closed in 2020. With the lockdowns needed to curtail the spread of the coronavirus pandemic, many New Yorkers fleeing the city at the height of the pandemic, and a decline in tourist traffic, chain stores took a big hit and shuttered rapidly across New York City. Over...

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Chain retailers reduce footprint in NYC for the first time since 2008 crisis

For the first since 2007, retailers are closing more chain stores in New York City than they are opening. The number of chain stores in the Big Apple has declined by 0.3 percent over the past year, according to the latest annual ranking of national retailers in New York City, published by the Center for an Urban Future (CUF). Never before has...