And more stores are opening, according to Retail Traffic Magazine. An estimated 35,000 new stores are predicted to open in 2011, while closings will likely be less than last year.
Chain stores like Ann Taylor are preparing to expand, as well as discount retailers like Family Dollar.
"That means in 2011, retailers will open approximately 35,000 new stores, estimates Rich Moore, an analyst with RBC Capital Markets who helps compile the report. Michael Wiener, president and CEO of Excess Space Retail Services Inc., a real estate disposition and lease restructuring firm, expects retailers to expand as well, but not as quickly. Weiner says retailers are likely to expand gradually, with about 20,000 new stores in 2011 and another 40,000 to 50,000 in 2012.
'I think people are just getting back into the marketplace and trying to understand what kinds of deals they can get," Wiener says. "We still think things will be on a very slow upswing, but we do think that there will hopefully be at a minimum a slow and steady recovery in retail.'"
FULL STORY: Store Openings to Increase in 2011, While Pace of Store Closings Will Decrease Slightly
Retail Openings Outpace Closures in 2021
An estimated 20 percent of the stores to open so far in 2021 are Dollar Generals.
Long-Delayed $5 Billion American Dream Mall Opens
It took 17 years and no small amount of public ridicule as it sat dormant in the New Jersey meadowlands, but a small portion of the American Dream mall is now open to the public.
Stories of Big Box Redevelopment Success—After Years of Frustration
The Minneapolis area yields two case studies of troubled sites, home to big box retailers, finally rejoining the community.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions