Analysis by RBC Capital Markets shows that U.S. retailers are planning to open 42,757 stores over the next 12 months, and some 83,700 locations over the next two years, both five-year highs, according to a summary of the research by CoStar Group's Mark Heschmeyer. The forecast represents 2.8% YOY growth for the retail sector.
Among the retailers with major expansion plans are Subway, Dollar General, Five Guys Famous Burgers and Fries, and Family Dollar; all are planning to open more than 1,000 locations in the next two years. Heschmeyer also broke down the numbers by sector, showing that pawn shops, toy stores, and men's apparel will see the greatest growth.
Read CoStar's report: "Store Opening Train Starting to Roll? Openings Seen Reaching New High"
Related Stories
| May 31, 2012
New School’s University Center in NYC topped out
16-story will provide new focal point for campus.
| May 31, 2012
Day & Zimmermann taps Jobe for ECM VP
Ken Jobe, a senior executive with 30+ years of industry-related experience, joins Day & Zimmermann to expand footprint in the process & industrial markets.
| May 31, 2012
Perkins+Will-designed engineering building at University of Buffalo opens
Clad in glass and copper-colored panels, the three-story building thrusts outward from the core of the campus to establish a new identity for the School of Engineering and Applied Sciences and the campus at large.
| May 30, 2012
Construction milestone reached for $1B expansion of San Diego International Airport
Components of the $9-million structural concrete construction phase included a 700-foot-long, below-grade baggage-handling tunnel; metal decks covered in poured-in-place concrete; slab-on-grade for the new terminal; and 10 exterior architectural columns––each 56-feet tall and erected at a 14-degree angle.
| May 30, 2012
Pringle Brandon in discussions to join forces with Perkins+Will
The London offices would be known as Pringle Brandon Perkins+Will.
| May 30, 2012
Boral Bricks announces winners of “Live.Work.Learn” student architecture contest
Eun Grace Ko, a student at the Ryerson University in Toronto, Canada, named winner of annual contest.
| May 30, 2012
Hill International to manage construction of Al Risafa Stadium in Iraq
The three-year contract has an estimated value to Hill of approximately $3.3 million.
| May 29, 2012
Torrance Memorial Medical Center’s pediatric burn patients create their version of new Patient Tower using Legos
McCarthy workers joined the patients, donning construction gear and hard hats, to help with their building efforts.