(NEW YORK, NY) — New York City chains are shutting their doors.
The Center for an Urban Future began tracking the city’s chains 11 years ago. Now, the 11th annual report shows a decline for the second time in a row.
Chains across the city fell .03% since 2017. Over the past year, 124 name-brand companies reduced their footprint in New York.
Clothing retailers: BCBG Max Azria, Bolton’s, Aeropostale, Club Monaco, True Religion, Gap, Dr Jays, Thomas Pink, Bebe, Brooklyn Industries, Armani Exchange, Chico’s, Kenneth Cole, and Banana Republic.
Shoe companies: Aerosoles, Nine West, Geox, Fabco Shoes, Rockport, Traffic Shoes, Easy Spirit, Famous Footwear, and Stride Rite.
Accessories stores: Sunglass Hut, Lids, Claire’s, Fossil, Laila Rowe, Solstice Sunglass Boutique, and Coach.
Food chains: Subway, McDonalds, Au Bon Pain, ’wichcraft, Checkers, Panera Bread, Wingstop, Potbelly Sandwich Shop, Cosi, Quiznos, Hale and Hearty Soups, and Le Pain Quotidien.
While the report lists the chains with losses, it also reports some with the biggest gains. According to the study, Dunkin Donuts is the largest national retailer in New York City with 624 stores, picking up 12 stores since 2017.
So, what could be the cause? Well, with the digital world knocking on the doors of storefronts, not many are able to keep them from getting in.