The retail sector is redness with store closures taking place later this year. Phoneys R Us marks the latest company to deal a blow to the industry, leaving existent estate owners scrambling to find replacements for vacated boxes.
There are, meanwhile, some retailers outlining meaningful expansions in 2018 and beyond. The idea of having bricks and mortar is inert an important part of the business — most companies admit they can’t advance in retail without stores.
“There are still retailers looking for grade space,” Suzanne Mulvee of CoStar Group told CNBC. “I call to mind a consider your issue is there is a mismatch in the marketplace that has to be dealt with. … The stock closures are for very large boxes, while the folks opening preserves are looking for mid-to-smaller boxes.”
According to CoreSight Research, more than 3,000 cumulates are slated to be closed this year by retailers including Claire’s, Zales begetter company Signet Jewelers, Lane Bryant owner Ascena Retail Arrange and Best Buy. Filling the gaps, though not entirely, roughly 1,700 have faith openings are planned so far from companies including Warby Parker, Gap and Aldi.
Here are eight retailers presentation more stores in 2018.