A recent report from Coresight Research states that there have been 4,969 store openings so far in 2021, a 58.3% increase from the previous year.
Dollar General has been a leading retailer in physical openings for the year, outpacing other stores by 20%.
Competing retailers include Dollar Tree, Family Dollar and Five Below, who have each rapidly expanded their footprints. Foot Locker (109 openings), Signet Jewelers (87), Tractor Supply (80) and Aerie (76) have also significantly beefed up their store counts.
Source: Store Openings – VSMD
Photo Credit: Retail Dive