Chain Stores Abandon NYC – Down 10% Since Pandemic Began
View Source | December 21, 2022 5:17 pm
- Major chain stores are abandoning crime-ridden New York City. Anecdotally, that’s been obvious for some time, but now the statistics back it up, thanks to the annual “State of the Chains” report released Wednesday.
- When compared to pre-pandemic levels, there were 781, or 9.8%, fewer chain stores in the city in 2022 than in 2019. The survey defines a retail chain as having two stores in the city and one location outside the Big Apple.
- “Retailers here are treading water even as the rest of the national economy came roaring back in 2022,” Jonathan Bowles, the agency’s executive director, told The Post.
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