Ulta, Gap, Target and more: These retailers are still opening stores in 2018Anchor Admin May 17, 2018
The retail sector is flush with store closures taking place later this year. Toys R Us marks the latest company to deal a blow to the industry, leaving real estate owners scrambling to find replacements for vacated boxes.
There are, meanwhile, some retailers planning meaningful expansions in 2018 and beyond. The idea of having bricks and mortar is still an important part of the business — most companies admit they can’t succeed in retail without stores.
“There are still retailers looking for quality space,” Suzanne Mulvee of CoStar Group told CNBC. “I think your issue is there is a mismatch in the marketplace that has to be dealt with. … The store closures are for very large boxes, while the folks opening stores are looking for mid-to-smaller boxes.”
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