News — ChainStores

Over 1,000 NYC chain stores have closed this past year, the biggest drop in a decade

Posted by admin on

Photo by Peter Burka on Flickr More than 1,000 chain stores in New York City have closed over the past year, the largest year-over-year decline in over a decade. According to the Center for an Urban Future’s annual “State of the Chains” report, nearly one out of every seven chain retailers open at this time last year is now closed, due to the coronavirus pandemic coupled with the continued growth of e-commerce. Even Dunkin’, the city’s largest retailer, closed 18 locations in 2020, the first time the coffee chain experienced a decline since CUF began tracking chains 13 years ago. Courtesy of the Center for an Urban...

Read more →