Retail Plans New Stores for 2022

  • US Retailers have already announced 1,768 store openings for this year.

  • Projected new openings for 2022 are looking good for discount retailers in particular: Dollar General is planning to open 1,110 new stores this year (and 1,000 new Popshelf concept stores by the end of FY 2025), while off-price retailer Burlington Stores will add 120 new locations, and TJX Companies (parent of TJ Maxx, Marshalls, and Home Goods) expects to expand its retail footprint by 170 stores.

  • Closings so far in 2022 are at 732. Bed Bath and Beyond announced 37 stores closing, while Macy's confirmed a 3 year plan to close 125 stores. CVS has announced 300 store closings for 2022.

Source: Coresight for Retail Brew



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