The article has been automatically translated into English by Google Translate from Russian and has not been edited.

Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.

Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Which Stores Closed in New York in 2024: The City Lost Hundreds of Retail Outlets

'19.12.2024'

ForumDaily New York

Subscribe to ForumDaily NewYork on Google News

The number of chain stores in New York City's five boroughs has fallen 1,3% over the past year. Ten chain retailers have closed all of their New York City locations this year, including TGI Fridays, La Perla and Oakley, according to Gothamist.

The city lost 109 of its 8148 chain retail stores, bringing its total to 8039.

The findings, published Dec. 19 in a report by the Center for an Urban Future, show a consistent trend that began in 2008. Many national retailers in the city continue to have fewer shops, than before the pandemic.

An ambiguous picture

But not all big retailers are closing stores en masse. Dunkin' remains the chain with the most stores in all five boroughs for the 17th year in a row, with 626 stores. Starbucks, which has more Manhattan locations than any other major retailer, is second. Popeye's opened 13 new stores, more than any other national food chain.

On the subject: 15 Shops in New York City Where You Can Buy Interesting Gifts

"It's a mixed picture. We're seeing retail stores closing shops, but people are still walking the streets, shopping and leaving their homes,” said Jonathan Bowles, executive director of the Center for an Urban Future and co-author of the study.

Both proportionally and in sheer numbers, Manhattan lost more retail units than any other borough, with 56 total, a 1,8 percent drop, while the Bronx lost the least, with just four, or 0,4 percent. But the number declined in every borough.

The 13 largest chains featured in the report have lost a total of 797 locations since 2019.

Duane Reade, T-Mobile, Subway and 7-Eleven have lost the most stores in the past year.

Online Shopping

Bowles said stores have been struggling since people started shopping online.

"Every year we see more and more clothing stores, shoe stores, beauty stores, jewelry stores, and retailers cutting back and reducing their presence in the city. It's very difficult to compete with e-commerce these days," Bowles concluded.