Retailers’ growth plans in the United States are up 40% over last year’s levels, according to ChainLinks' Retail Advisors Spring 2011 National Retail Report. The report, which details trends impacting retail commercial real estate in more than 40 of the nation’s top markets, credits the surge in expansion to two key factors: the return of optimism within the retail sector; and the desire to expand quickly now -- before retail fundamentals improve enough for rents to start climbing again.
Some of the most active retailers in 2011, according to ChainLinks, are:
- 7-Eleven is hoping to open as many as 350 stores in the United States and Canada this year.
- 99 Cents is planning on adding at least 25 new units.
- Apple will add at least 50 stores in 2011.
- AT&T expects to add at least 100 new cellular stores this year.
- Bottom Dollar Food could add as many as 110 stores.
- Burlington Coat Factory is planning on at least 20 new stores.
- Chico’s could add as many as 40 units in next 18 months.
- Citi Trends may up to 65 stores.
- Dollar General plans on 625 new locations.
- Family Dollar has 300 stores on tap.
- Forever 21 could be looking at as many as 50 new stores.
- Pep Boys could add up to 55 stores.
- Ross Stores is likely to open 60 units.
- Jo-Ann Stores could open as many as 50 units.
- Tractor Supply has plans for up to 75 units.
- Ulta has plans for 60 locations.
- Verizon Wireless should add at least 125 stores.
To download the full ChainLinks report, go to terranomics.com/nationalreport/.