Retailers haven’t given up on their brick-and-mortar operations.
The tally thus far for disclosed store openings since the start of 2024 is 3,677 new doors, primarily across the U.S. That’s 904 more new stores from the 2,773 tally in April.
While that lags the 5,645 doors that opened in 2023, according to Coresight Research’s proprietary database, the current tally beats both the 3,544 store openings estimated in 2022 and the 2,920 doors opened in 2021.
Below is the current list of who’s opening stores and how many new doors they have slated for 2024.
The specialty chain also plans to close 30 locations as leases expire.
Store openings this year are part of the plan to open a total of 80 to 100 over the next five years. Company CEO Steve Lawrence said in the firm’s first quarter earnings call on June 11 that three stores have already opened, with the balance of 12 to 14 locations set to up in the back half of the year, “with a good balance of locations between new and existing markets.”
The teen retailer also plans to upgrade its core American Eagle fleet, with 300 remodels slated over the next three to five years.
The warehouse club said earlier this year that each new location is expected to create 150 jobs.
The western and work wear retailer said it plans to open 52 locations this year, in line with the 50 stores opened in 2023. Boot Barn in May opened its 400th store in Vallejo, Calif., part of a plan to have 900 stores across the U.S. by 2030.
Costco Corp.: 30, including two that are relocated doors from existing stores
Some of the new doors are overseas in China and Japan, but the bulk of the new locations are in the U.S.
Destination XL: 8
The men’s big and tall apparel retailer said in March it planned eight new store openings this year. The new doors are part of the company’s strategic growth initiatives that also include collaborations. “We plan to open an additional eight stores in fiscal 2024, with 15 new stores per year in fiscal 2025 through 2027,” the company said in March when it disclosed fourth quarter and full year earnings results.
Dick’s Sporting Goods: 8 House of Sport locations
The big box retailer is also opening four next-generation Dick’s stores and five new Golf Galaxy Performance Centers, although the timing of those new locations have not been disclosed. It also has plans for several store relocations, remodels or conversions that include seven for the House of Sport, 12 for next-generation Dick’s stores, and five for the Golf Galaxy Performance Center banner.
Dollar General: 730
The dollar store said in June that it will reduce the number of new store openings to 730 from the initially planned 800 locations. It shift its plans because it raised the number of store remodels to 1,620 doors versus the prior estimate of 1,500.
Dollar General is part of the group of deep value chains that include Dollar Tree and Five Below who have been among the retailers opening the most stores.
Dollar Tree: 286
Dollar Tree opened 116 new stores in the first quarter, and in May disclosed that it had acquired 170 leases that had housed the now defunct 99 Cents Only nameplate.
Dollar Tree also opened 41 new stores under the Family Dollar banner. The company said in June that it was planning a strategic review of the Family Dollar business, including a potential sale or possible spin off. Dollar Tree closed on its $8.5 billion deal for the Family Dollar chain in 2015, but has had a difficult time integrating the business. The company began evaluating what to do about the Family Dollar operation last year, and this past March said it planned to shutter 970 underperforming locations in order to focus on the remaining more profitable Family Dollar stores.
Dry Goods: 5
The contemporary fashion retailer owned by Von Maur opened its Ross Park Mall store in Pittsburgh, Penn., in April and the Hamilton Place door in Chattanooga, Tenn., in June. The remaining three will open later this year, with one each in Cherry Hill Mall in Cherry Hill, N.J., Christiana Mall in Newark, Del., and Short Pump Town Center in Richmond, Vir. The new doors will give Dry Goods a total store count of 84 across 24 states.
Faherty: 9
The American apparel brand for men and women founded by twins Alex and Mike Faherty is planning at least nine new stores this year. In May, the company opened its 68th store in Westfield, N.J., at 127 Central Ave. The location is Faherty’s fifth store in the state.
Five Below: 230
Five Below is planning on having more than 3,500 store locations by 2030. The extreme value retailer is also growing its Five Beyond format, and at the end of the first quarter completed 84 conversions as part of the plan for 180 locations in 2024. While most items are priced between $1 and $5, the Five Beyond format offer items priced at $5 and higher. The company expects that nearly 80 percent of its store base will be in the Five Beyond format by the end of 2024.
Frasers Group: 2
A Frasers department store—featuring its new store concept that replaces the traditional House of Fraser format—will open this summer at Sheffield’s Meadowhall on the lower level, while a new flagship Sports Direct store will open on the upper level.
Gymshark: 1
The activewear brand opened its second store in Westfield Stratford City, London, earlier this month.
GU: 1
Japanese apparel retail GU is opening a New York flagship store this fall at 578 Broadway in SoHo. The brand’s assortment mix includes women’s and men’s apparel. GU currently operates a SoHo pop-up store that’s set to close by the end of July. The sister brand of fast-fashion chain Uniqlo, the new flagship represents the first opening of a permanent store outside of Asia. GU operates 470 doors in Asia, mostly in Japan.
H&M: 100
The fast-fashion chain is opening 100 new doors featuring its new “fast-forward” concept primarily in emerging markets globally.
Ikea: 4 small-footprint stores and 1 flagship in the U.K.
The smaller locations feature its Plan & Order Point concept stores. They are slated for the U.S. and feature design consultants in the stores that also serve as customer pickup centers.
JCPenney: 1
The mass merchandiser’s $1 billion “refresh” program is showcased in its newest store—representing JCPenney’s first opening in eight years—that opened in the Willowbrook Mall in New Jersey this past April. Movable fixtures, bright LED lighting, an open-floor plan and two central checkout stations are the hallmarks of the new store layout.
Levi Strauss: 2
The heritage denim brand earlier this year opened its first store in Bangladesh in the capital city of Dhaka. The new store is part of Levi’s plan to open stores in key location in Bangladesh, including Chittagong. The brand has partnered with DBL Group for Levi’s in the country.
Last month, Levi’s opened its new store in New Delhi, India, within the Pacific Mall in Tagore Garden. The store is the brand’s largest Levi’s store in Asia to date, as well as its largest mall store globally, according to a company post.
Separately, Levi’s in May moved its Paris flagship store to 44 Champs-Elysées from 76 Champs-Elysées. The new redesigned flagship features Levi’s evolved Indigo retail concept, which it rolled out in 2020.
Macy’s: 30 smaller-format stores this year and in 2025
The retailer is closing 150 department store locations through 2026, including 50 slated for this year. Instead, Macy’s Inc. will focus on expanding its smaller-format store Macy’s and Bloomie’s locations.
Macy’s said in February as part of its “A Bold New Chapter” strategy that it also plans to open 15 Bloomingdale’s stores and at least 30 new Bluemercury stores over the next three years. The retailer did not disclose 2024 store plans for either the Bloomingdale’s or Bluemercury banners.
Mango: at least 500 by 2026
The Barcelona-based fashion chain is celebrating its 40th anniversary this year, and its focusing on growth as it looks to the future. Mango’s 4E strategic plan includes the expansion of its store base by more than 500 by 2026 and a target of annual sales of over $4.3 billion.
In June, the retailer opened a new flagship in Rome, and its plans new stores in central and southern Italy, as well as northern cities that include Bologna and Verona. Also on the agenda is a new store for the first time in Genoa. The retailer kicked off the expansion earlier this year with the opening of a store in the Windsor Yards shopping center. Four more doors are planned in London this year, along with plans to open more than 20 across the U.K.
As part of the Elevate plan, Mango’s store plan includes Spain, France, Italy, Germany, the U.K., Poland, India, Canada and the U.S. All new stores will feature its New Med concept, which focuses on integrating sustainability in a store that’s designed to look and feel like one is in different rooms of a Mediterranean home.
Nordstrom Rack: 22
Nordstrom Inc. CEO Erik Nordstrom said during a first quarter conference call in May that the company opened nine new stores thus far for its off-price banner Nordstrom Rack. He said that the company is “on track to open a total of 22 new Racks this year.” The bulk of the locations are scheduled to open in the fall.
Separately, the company’s website said there are plans for four new Rack store openings for Spring 2025.
On: 100 locations over the next few years
The Swiss running brand plans to expand its global presence by adding new stores in China and Latin America.
Primark: at least 6
Primark parent Associated British Foods said in April when it posted first-half results that it continues to target 530 stores by the end of 2026, with “continued footprint expansion beyond.”
In February, the value chain disclosed lease signings for four new stores at Potomac Mills in Woodbridge, Vir., Mall at Prince George’s in Hyattsville, Md., CoolSprings Galleria in Franklin, Tenn., and Katy Mills in Katy, Tex. The chain currently operates 24 stores in the U.S. across 9 states, and has plans to reach 60 U.S. locations by 2026.
In the U.K., Primark has opened two new stores in Bury St. Edmunds and Teesside Park. Separately, one new store each in Glagow Fort, Scotland, as well as in the U.K. in Epsom, Surrey, and Newbury, Berkshire, are slated to open in 2025.
REI Co-op: 10
The expectation is for 10 new stores to open this year. Four of the disclosed locations are: Beavercreek, Ohio; Ithaca, N.Y.; Beaverton, Ore., and Tulsa, Okla.
Ross Stores: 90
The off-price retailer opened 21 Ross Dress for Less stores and three DD’s discount locations across 17 states in June and July. The plan for 2024 includes a total of 75 new Ross stores and 15 DD’s for the year. Separately, the retailer said it will invest $450 million to build a new 1.7-million-square-foot distribution center in North Carolina. The new facility will handle warehousing, fulfillment, and packing operations as the off-pricer widens its logistics network.
Rothy’s: 10
The sustainable footwear brand opened a Flatiron store in Manhattan earlier this month. Two more doors, one at NorthPark Center in Dallas, Tex., and the other at Broadway Plaza in Walnut Creek, Calif., are “coming soon,” according to the company’s website. Rothy’s is expected to open 10 new stores in total this year.
Sam’s Club: more than 30
Walmart’s warehouse division said it will open at least 30 doors over the next few years.
Target: more than 300 over the next 10 years
The discounter said in a July blog post that the “more than 300 new stores” it plans to build is part of its “aim to reach even more consumers.” It also noted that the new locations will have its “stores-as-hubs-model, serving as both shopping destinations and fulfillment hubs. “Combined with our reimagined store design and larger footprint, growing number of shop-in-shops and commitment to sustainability and our communities, we’re working to help all families discover the joy of everyday life,” Target said.
TJX Cos.: 141
TJX banners include T.J. Maxx, Marshalls, and HomeGoods, among others in the U.S. and overseas. The company plans to add at least another 1,300-plus stores to its network of 4,972 doors worldwide when it ended the first quarter on May 4, 2024.
For now, 141 new stores are on tap for 2024. That target includes 45 new Marmaxx stores (its T.J. Maxx and Marshalls banners), 40 HomeGoods and 26 Sierra stores across the U.S. Overseas, the off-pricer plans to add 10 in Canada, 15 in Europe, and five in Australia.
Uniqlo: 120 net new stores
Fast Retailing’s Uniqlo banner has ambitious plans to open 170 new stores annually. The company said in December that as part of its North America expansion, it would open 20 new stores in the U.S. and Canada annually.
In addition, Uniqlo plans 10 new store stores in Europe annually, as well as 80 a year in the Greater China region, plus an estimated 60 new stores each year in the Southeast Asia, India and Australia region. In addition to the store openings, the estimate for store closings is 50 doors each year, leaving it with a net new store growth of 120 stores annually.
Untuckit: 14
The company said in March that seven doors will open by May across the U.S. and the balance of the locations were in advanced lease negotiations. The 14 doors, once all are opened, will give the direc-to-consumer retailer a total of 84 locations across the U.S., Canada and the U.K. The company did not disclose the locations for the remaining doors slated for the back half of 2024.
Veja: 1
The French footwear firm opened a London store on Monmouth Street in April. Veja opened its first store in Paris in 2019, followed by store openings in New York, Berlin and Madrid. London was the next logical location as the U.K. was Veja’s top market last year, outperforming France, Italy, Germany, Benelux and Spain.
VF Corp.: 300 overseas
The American apparel giant said it plans to expand its market presence across Southeast Asia, Middle East and North Africa. The expansion includes the opening of 300 new doors over the next five years for tis Vans, The North Face and Timberland brands.
Walmart: 150 over the next five years
Walmart U.S. president and CEO John Furner said in January in a blog post that the biggest retailer in the U.S. and the world is back in expansion mode and will “build or convert more than 150 stores,” as well as remodel 650 existing locations.
WHSmith: 110 across North America
The U.K.-based travel retailer’s core Marshall Retail Group operation generates 50 percent of its revenue in North America. It expects most new airport store openings to occur in the back half of 2024.
