New brick-and-mortar store openings outpace closures in 2021

Brick-and-mortar retail stores are back in business, with new openings outnumbering closures for the first time in four years according to an analysis by IHL Group. The analysis of more than 900 retail chains found that most of the growth in new store openings is driven by mass merchants, grocery stores, drugs and pharmacy and

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Retailers are bouncing back and looking to expand with new store openings

The American retail sector is back in business and many companies are in expansion mode. According to a report from RetailSphere, a provider of retail analytics, there are more retailers who are planning to open new stores this year rather than close existing premises. The news of a rebound in retail follows a tumultuous 2020

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