From the EVG inbox yesterday …
The Center for an Urban Future [has] published the sixth edition of its annual “State of the Chains” study ranking the national retailers with the most store locations in New York City. The study shows that the expansion of chain stores across the city slowed considerably over the past year, even as Dunkin Donuts recently became the first national retailer with more than 500 stores across the five boroughs.
The report reveals that there was only a 0.5 percent increase in the number of national retail locations in New York City between 2012 and 2013, the smallest year-over-year increase since we began compiling data on the city’s national retailers in 2008—and down from a 2.4 percent gain between 2011 and 2012. Two boroughs — Manhattan and Queens — actually experienced a decline in the number of chain stores between 2012 and 2013. Overall, the 302 national retailers that were listed on last year’s ranking expanded their footprint in New York City from a total of 7,190 stores in 2012 to 7,226 stores in 2013, a 0.5 percent increase. This marks the sixth straight year there has been a net increase in the number of national chain stores in the five boroughs.
For the sixth consecutive year, Dunkin Donuts tops our list as the largest national retailer in New York City, with a total of 515 stores. Over the past year, Dunkin Donuts had a net increase of 39 stores in the city (an 8 percent gain). Subway is still the second largest national retailer in the city, with 467 locations across the five boroughs. It had a net gain of 28 stores since last year (a 6 percent increase). Rounding out the top ten national retailers in New York are: Duane Reade/Walgreens (with 318 stores), Starbucks (283), MetroPCS (261), McDonalds (240), Baskin Robbins (202), Rite Aid (190), T-Mobile (161) and GNC (138).
There are now 15 retailers with more than 100 stores across the city, up from 14 last year. Over the past year, 7-Eleven became the latest retailer with at least 100 locations in New York; it expanded from 97 stores in 2012 to 124 today.
Starbucks has more stores in Manhattan than any other national retailer, with 212 locations. In each of the other boroughs, Dunkin Donuts tops the list — it has 154 stores in Queens, 123 in Brooklyn, 72 in the Bronx and 32 on Staten Island.
Among the retailers with the largest numerical growth over the past year:
• Dunkin Donuts: 515 locations, up from 476 in 2012
• Subway: 467 locations, up from 439 in 2012
• 7-Eleven: 124 locations, up from 97 in 2012
• Starbucks: 283 locations, up from 272 in 2012
Overall, the 10003 zip (which includes Union Square and parts of Fifth Avenue) has the third-most chain stores in the city, according to the report… however, with 170 national retailers, the number has decreased by 9 from last year. The Center reports 46 chain stores in zip code 10002 this year, up from 36 in 2012.
[Click on image to enlarge]
Find the full report here.
When I move to NYC in 1981 there was only one DD in the city near Bloomingdales on 3rd Ave. I came from Boston where DD is comparable to Nathan's in New York. I don't really eat donuts these days but remember the large Donut restaurants that were on just about every big intersection in Manhattan i.e.: 7th @ 23rd, 8th @ 14th... Those spaces are now nail salons and not a place for night owls as in the past. Dunkin Donuts is now the poor man's Starbucks.
ReplyDeleteChain stores have one big disadvantage opening shop in the 10003 area being the lack of a dense population. Look at the type of businesses that survive or thrive on big heavy pedestrian intersections like 14th, 23rd, 34th etc... They are fast service and inexpensive places like KFC, Duane Reade and more recently bank branches. Even a Starbucks with its coffee addicted customer base would not survive on Ave A, not while there are already 2 Starbucks on 1st Ave. Chain stores need high traffic densely populated areas which the East Village is not, yet. We may win the battle due to our numbers being less rather than more.
ReplyDeleteTwo major Bloomberg-era trends are killing off local retail; banks taking over huge amounts of space, especially prime corner spaces, which squeezes out smaller stores, and too many luxury condos, which are low density, usually empty, and whose residents probably never go into a 7-11 or the corner bodega.
ReplyDeleteThe condos seem to prefer big chains like CVS and Duane Reade in their own retail spaces, and local retailers have been complaining the new condo residents never come into their stores. These new imports seem to prefer online shopping, Fresh Direct for groceries and household items, and of course the airport Duty Free shops on their way back from Aruba and St. Barts for their alcohol, cigarettes and perfume. The only thing left for them to buy locally are Starbucks, beer, illegal drugs, and of course, locally baked artisanal biscuits.
Bloomberg's "If we only had a few more Russian Billionaires" style economics spell trouble: the incoming population both earns their money outside the neighborhood and then spends the bulk of it outside the neighborhood too. And they use a CitiBike or a taxi to escape from it since there's little public transportation nearby.
De Blasio has his hands full, this problem is exactly what he speaks of when he talks about a Tale of Two Cities. 50% of the income in the US now goes to just 10% of the population, and for the most part they aren't spending it here.
the tide comes and it recedes...the proliferation of banks will retreat faster than many anticipate. Carrying that much retail space for a business increasingly done on line or through smart phones will be costs that the banks will begin to chop at soon. They are awfully expensive billboards and not justifiable as marketing tools. Ironically, the only customers that need a physical bank location regularly are small businesses. The rest of us will just push our money around through bits and bytes more and more.
ReplyDeleteGiovanni, your comments are always spot on.
ReplyDelete