Retail Store Openings & Closings December 2013
Posted: January 21, 2014
The December store openings and closings numbers from Chain Store Guide shows a slower pace of activity this month, with a total of 62 store openings and 32 closures. Industry-wide that is 30 net openings.
Viewing results from a geographic perspective, the South region had the most store openings, while the Atlantic was hit hardest with the most closings. The Northeast and Southeast had the fewest store openings and the South region also saw the fewest store closings.
Looking at the results by category, General Merchandise Stores opened 39 stores. The Supermarket Chains category closed the most number of stores at 13 along with Discount Department Stores closing seven and Drug Store and HBC Chains closing six.
Let's take a closer look.
Openings - 62 Total
Family Dollar opened 34 new stores in December adding to their goal of 500 new stores in 2013 while competitor Dollar General opened four new stores. Walmart and Petsmart each opened three stores.
Looking at openings geographically, the South led the pack with 17 while the Pacific and Atlantic tying with 11 each. The Midwest region saw 10 openings, Southeast eight and the Northeast region trailed all other regions with five.
Closings - 32 Total
Kmart was the biggest loser shuttering seven stores followed by Fresh & Green's closing 4 stores all in Scarsdale, NY. A total of 13 Supermarket Locations were closed with three due to relocation.
Reviewing closures by region, the Atlantic saw the most closure activity, with 10 stores closed, or 30% of all closures. The Midwest region saw nine closures, the Pacific closed six while the Northeast closed four, Southeast two, and the South with the least at one.
Stay tuned to our blog for a monthly wrap up of store opening and closing activity to keep up with the movers and shakers in the industry.TAGS: retail, retail trends,