US retailers are on track to open 30 million square feet this year in the wake of 1,910 announced store openings so far this year.
As of January 28, according to Coresight Research, there were 742 announced store closures, which translates into an estimated 17.4 million square feet of closed retail space. By comparison, there were 2,093 closures in the same period in 2021.
The largest openings in terms of number of store locations planned include Dollar General (1,102 planned), Burlington Stores (110), Signet Jewelers (87), Windsor Fashion (75), Aerie (69), Big Lots (50) and Citi Trends (45).
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