Summarize this content to 2000 words in 6 paragraphs Several major retailers have announced plans to open new stores across the U.S. in 2025, with one well-known retailer planning to create more than 1,000 locations.Why It MattersRetailers opening new stores bucks the trend of closures reported in recent years. Numerous retailers have shuttered bricks and mortar stores, with CBS reporting that closures jumped by 69 percent in November 2024 when compared with a year earlier.While the U.S. economy is faring better now than it has in recent years, some retailers have been struggling to recover from pandemic era changes and heightened inflation. The rise of e-commerce has been spurred on by its convenience and coronavirus lockdowns, as well as consumers spending less during periods of high inflation.What To KnowDollar General and Dollar Tree have by far the largest expansion plans earmarked for 2025, with 1,300 stores in the works by the end of the current fiscal year, September 30. Numerous other brands have already announced plans to open new locations throughout 2025:Academy Sports + Outdoors – 20 to 25 storesBarnes and Noble – 60 storesBirkenstock – plan to increase its door count by 50 percent in 2025. It currently has 67 U.S. stores.Boot Barn – 60 storesCostco – 29 storesDollar General and Dollar Tree – 1,300 in the current fiscal yearKizik – 9 new storesNordstrom Rack – 4 storesREI – 4 storesSalomon – 5 storesTarget – 30 storesTecovas – 10 storesTrader Joe’s – 12 storesWalmart – 9 stores
A stock image of a person carrying shopping bags. Dollar General and Dollar Tree plan to open the most new locations in 2025.
A stock image of a person carrying shopping bags. Dollar General and Dollar Tree plan to open the most new locations in 2025.
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What People Are SayingWalmart U.S. CEO John Furner in January 2024: “In the next five years, Walmart is planning to build or convert more than 150 stores, while simultaneously continuing our program to remodel existing stores. These efforts represent millions of dollars in capital investment of labor, supplies and tax revenue, which benefit their respective communities. And they’ll help us reach and serve even more customers.”TJX CEO and President Ernie Herrman in May 2024: “With our flexibility and opportunistic buying, we offer expansive assortments of good, better and best merchandise for shoppers across a broad range of income and age groups. We continue to attract new Gen Z and millennial shoppers to our stores, which we believe bodes well for our future growth. It’s really great when we see multiple generations shopping our stores together.”What’s NextOther retailers have also recently announced long term plans to expand their physical footprint. 7-Eleven has said that while it is planning to close more than 400 stores worldwide, it is planning to open an additional 500 fast-casual food spots across North America by the end of 2027.TJX, the parent company of TJ Maxx, Marshalls, HomeGoods and Sierra, confirmed in early 2024 that it has plans to expand the its retail locations by at least 1,300 stores “over the long term.”
