As 2022 kicks off, store closures are down 65%: Coresight

Reprinted from RetailDive.com

Dive Brief:

  • By the fourth week of January, announced store closures across the retail industry — at 742 total — were down 65% compared to the same time last year, according to the latest counts by Coresight Research. CVS accounts for 300 of those closures.
  • Store openings, meanwhile, stood at 1,910, a 3% increase from last year. Coresight’s tallies for the full year 2021 showed that openings (5,048) outpaced closures (4,975) in a year marked by strong consumer demand and few retail bankruptcies.
  • So far this year, Dollar General has more planned store openings (1,102) than every other retailer combined, according to Coresight data.

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