CUF Releases State of the Chains, 2021 Report

The report released by the Center for an Urban Future (CUF) reveals that there is a slow rebound of national retailers in New York City following 2020 — the most challenging year on record. According the CUF’s 14th annual ranking, in 2021 chain stores broke a 3-year streak of net losses, increasing locations by 2.7%. However, the 2021 bounce back was largely fueled by the reopening of 260 stores that had shuttered in 2020; and still leaves the city well short of pre-pandemic levels.