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.
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
OKC Approves 7.2 Miles of New Bike Lanes
The city council is implementing its BikeWalkOKC plan, which recommends new bike lanes on key east-west corridors.
Preserving Houston’s ‘Naturally Occurring Affordable Housing’
Unsubsidized, low-cost rental housing is a significant source of affordable housing for Houston households, but the supply is declining as units fall into disrepair or are redeveloped into more expensive units.
The Most Popular Tree on Google?
Meet Rodney: the Toronto tree getting rave reviews.
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.
Florida Atlantic University
City of Grandview
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
City of Piedmont, CA
Great Falls Development Authority, Inc.
NYU Wagner Graduate School of Public Service