An analysis of stores in New York City last year revealed that the number of national chain stores operating in the retail destination had dropped a notable amount. That the entire retail industry is in flux is not a secret, but the drop in one of the countries top retail destinations sparks a larger question: Is the decline of national retail brands in New York City a regional problem, or endemic of a larger retail shift?
In 2019, the number of national chain stores in New York City dropped by 304 locations, representing a 3.7% decrease over the previous year, and the biggest drop in more than 10 years, according to a report published in December by the Center for an Urban Future, a think tank that focuses on economic issues that affect the city. . . . more