Dollar Stores Rank First in New Store Openings in 2021
A total of 1,626 new locations are planned to open by the end of the year.
NATIONAL REPORT — Dollar store chains are leading the U.S. retail industry in terms of new store openings in 2021 so far.
A new report from Coresight Research found that chains such as Dollar Tree and Dollar General will open a collective 1,626 new locations out of a total of 4,799 announced store openings in 2021 to date, according to Footwear News.
Dollar Tree plans to open 393 Dollar Tree stores and 198 locations under the Family Dollar brand this year, while Dollar General stated it plans to add 1,035 locations. Some of Dollar General's new stores will open under its Popshelf banner, a retail concept that features on-trend seasonal and home décor, health and beauty must-haves, home cleaning supplies, party goods, entertaining needs and more.
The report also spotlighted Murphy USA as one of the retailers planning to open the most stores in 2021.
Despite these aggressive growth plans in the dollar store channel, store closures overall are ahead of where they were in 2020. Major retailers have announced 4,844 store closures so far in 2021, compared to 2,191 last year.
Alimentation Couche-Tard Inc. and 7-Eleven Inc. were among the list of retailers with the most closures, according to the report.
Dollar store chains also announced a number of store closures in addition to the planned openings: Family Dollar plans to close 44 stores, Dollar General plans to close 31 stores, and Dollar Tree plans to close 28 stores.