IHL Group

Franklin, Tenn. — More than five retail chains are opening stores for every retailer that is closing stores in 2019, according to new research from IHL Group. This is up from 3.7 in 2018. The company also reports that the number of chains adding stores in 2019 has increased 56%, while the number of closing stores has decreased by 66% in the last year. “Retail Renaissance – True Story of Store Openings/Closings” reviewed 1,660 retail chains with 50 or more locations in the United States across nine industry segments. For …

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