"This year was not friendly to chain stores in NYC. Retail giants continued to decline in 2025, even as new and fun brands fueled their growth in certain sectors, according to a report released on Wednesday. An astonishing 18 national chains shuttered all of their shops in the five boroughs. The total number of chain stores across the five boroughs fell for the sixth time in the past eight yearsdeclining 1.3% citywide, or a net loss of 112 stores since last year, according to the Center for an Urban Future's (CUF) annual State of the Chains 2025 report on Dec. 17."
"Per the report, the decline was driven by long-established national big-box stores. Seven of New York's 10 largest chains reduced their footprints this year, led by Starbucks, which closed 42 storesthe most of any retailer that did not fully exit the market. Claire's, Staples, Old Navy, Duane Reade, and Juice Press also experienced steep reductions, analysts said. New York's retail landscape is undergoing a profound shift, said Jonathan Bowles, executive director of the Center for an Urban Future. Legacy chains continue to cut back in NYC, but this year's findings show strong momentum among newer chains, especially food and beverage retailers."
Chain stores in New York City declined 1.3% citywide in 2025, a net loss of 112 locations and the sixth drop in eight years. Eighteen national chains closed all five-borough shops, the second-highest total outside 2020. The decline was driven by long-established big-box and legacy retailers; seven of the city’s 10 largest chains reduced footprints, including major cuts at Starbucks, Claire’s, Staples, Old Navy, Duane Reade, and Juice Press. Notable full exits included Rite Aid, Party City, and Forever 21. Newer entrants, especially food and beverage chains, showed meaningful growth and reshaped parts of the retail landscape.
Read at www.amny.com
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