Mid-Year Recap: Old and new retailers continue to expand despite challenges

From C-suite shakeups and bankruptcies to sticky inflation, tariff threats and anxious consumers, it’s been a challenging year so far for the retail industry. Uncertainty seems to be the dominant theme, among consumers and retailers alike.

There’s no denying that the pace of store closures picked up considerably  these past six months, as former retail giants Party City, Joann, Forever 21 and, most recently, Rite Aid, all go dark. (On a brighter note, Big Lots got a last-minute reprieve and has been re-opening stores under its new owner.)

But it’s not all doom and gloom, not by a longshot. Many retailers continue to expand. Burlington, Five Below, Nordstrom Rack, TJX Cos., Tractor Supply Co., Ollie’s, Boot Barn and Aldi are among the companies with robust expansion plans. And there are plenty more (including, of course, those perennial expanders Dollar General and Dollar Tree). Barnes & Noble has also returned to brick-and-mortar growth mode, with a smaller, more curated footprint.

Mid-Year Recap: Old and new retailers continue to expand despite challenges | Chain Store Age

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