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Retail Store Openings and Closings June 2018

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Posted: Aug 03, 2018 | By: cathyplumb

June store opening and closing numbers from Chain Store Guide shows a continued slowdown in store openings.  In May we saw 623 new store openings while in June we saw this number drop to 92 new store openings. Store closures had a decrease from 369 in May to 222 in June. This data shows a net loss of 130 new retail stores.

Viewing results from a geographic perspective, the states that saw the most store openings was by far North Carolina with 50% of the store count. The states that saw the most store closings were CA, GA, and TX.

Let's take a closer look.

Openings - 92 Total

There were 26 new General Merchandise stores, 40 new Pet stores, and 26 new supermarkets::

Ollie's Bargain Outlet = 26
Paulmac's Pets = 15
Publix = 12
Sav-Mor = 8

Closings – 222 Total

Supermarket stores one again saw the most closures at 55 stores:

Island Pacific = 8
Publix = 3
SuperValu = 5

Consumer Electronics retailers shut down 42 stores:

Cricket Wireless = 7
RadioShack = 6
Verizon = 14  

Drug Stores and HBC chain stores saw 29 stores shuttering their doors:

Pharmasave = 7
Rexall Drug Stores = 5

The Hobby store category reported 12 closures:

EB Games = 4
Hobby Lobby = 4
Michaels = 1

Stay tuned for next months wrap up of store opening and closing activity!  Keep up with the movers and shakers in the industry.

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