Thursday, December 20, 2018

Big Chain Stores Are Fleeing Manhattan, Study Finds

Patch (NYC)
With Marshall's opening next to Katz's Deli and Target dressing up like CBGB, some New Yorkers may feel like big retailers are taking over Manhattan. But the borough was actually the only one where the number of chain stores dropped this year, fueling the first citywide decline in more than a decade, a newly released study says.

The Center for an Urban Future counted 2,904 national retail locations in Manhattan this year, 2.3 percent fewer than the 2,971 recorded in 2017, according to the center's 11th annual "State of the Chains" report released Wednesday. . . . more