Major retail chains in New York City continue to see declines. A new finding from nonprofit Center for an Urban Future (CUF) showed that national chain locations across all five boroughs dipped 1.3 percent over the past 12 months. That marks the fifth time in seven years that store chains have seen a net drop.
Of the 450 national brands the CUF tracked, 130 trimmed their footprints in the Metro area, 229 remained unchanged, and 94 saw gains in stores. Staten Island experienced the biggest decline in national brands, losing 1.8 percent of the locations it had in 2023.
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