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Chains Expand in NYC Despite Downturn

NEW YORK CITY-A report from the Center for an Urban Future says 53 national retailers have expanded citywide over the past year; CUF calls this 'surprising.'

By Paul Bubny | Updated on August 18, 2009

NEW YORK CITY-Amid a rocky year for retail, including several bankruptcies that led to outright liquidation, the city has actually seen more chain locations open than close. That’s the conclusion to be drawn from a new report by the Center for an Urban Future, which says that 53 national stores have increased their footprints across the five boroughs over the past 12 months “despite poor economic conditions.” The report calls this expansiveness “surprising”; CUF director Jonathan Bowles did not respond to requests for additional comment by deadline.

An analysis of this year’s CUF report, which lists a total of 277 chains by number of locations and provides year-over-year comparisons for 167 of them, finds that the 53 retailers that expanded in the past 12 months have added 310 New York City locations. The 62 national chains that have shed retail space since a year ago closed a total of 245 stores.

Biggest of the gainers was Dunkin’ Donuts, which has seen a net increase of 88 locations citywide despite losing 12 of its franchises to Canadian rival Tim Hortons last month. The Canton, MA-based donut giant now has 429 stores across the five boroughs, ranking it as the city’s biggest, although in Manhattan its 105 locations are dwarfed by the 193 of Starbucks.

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