COMING SOON

Ten new store openings in 2023, including Aldi and Sam’s Club – see if your favorite brand is coming to your city

THOUGH many retailers have struggled with widespread closures after the pandemic, there are still several companies expanding their footprints.

These major chains are looking to grow into new regions across the country, including bargain retailers Five Below and Dollar General as well as grocery store Sam’s Club.

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Sam's Club intends to open several locations this yearCredit: Getty

Here are the five major store openings you can expect across the United States.

1. FIVE BELOW

Five Below has been fortunate as a company recently, as many shoppers are turning to bargain retailers in times of high inflation.

In its four-quarter earnings report, Five Below confirmed that it would be opening up more than 200 locations. 

Existing stores will also be undergoing transformations, as the company said it would be “converting” 400 stores, as part of its “Triple Double” strategy. 

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This means Five Below will triple its store count to more than 3,500 stores by the end of 2030, while doubling its sales. 

One drawback to Five Below’s growth for customers is that the brand is in the middle of testing items at higher prices.

While most items at Five Below are listed for under $5, as the name suggests, it has experimented with price points as high as $25. 

To date, there are more than 1,200 stores across the country.

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2. SAM’S CLUB

Those who enjoy buying groceries in bulk have something to celebrate.

Sam’s Club, which is owned by parent company Walmart, recently announced plans to open five fulfillment and distribution centers in 2023. 

The first one will launch in Georgia during the third quarter.

Sam’s Club also confirmed it will be opening more than 30 stores over the next several years.

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This is great news for the retailer, marking the first time in years Sam’s Club has actually expanded its fleet.

Back in 2018, the company shuttered 63 locations around the country.

Currently, there are about 600 stores across the U.S. and in Puerto Rico.

3. SEPHORA AND KOHL’S

Department store chain Kohl’s and beauty giant Sephora are also expanding in 2023.

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Shoppers should expect Kohl’s to open 100 new “smaller format" stores over the next four years, aiming to improve the experience for customers and associates. 

Additionally, Kohl’s has a partnership with Sephora. 

In 2023, Kohl’s said that the personal care retailers’ products will be available in 850 stores. 

“This modern Kohl’s includes the prominent position of Sephora at the front of the store with expanded categories in the surrounding areas such as active, as well as casual and exciting new brands like Draper James RSVP,” Kohl’s previously said in a statement. 

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Kohl’s currently has 1,100 locations in 49 states. 

4. DOLLAR GENERAL

As shoppers flock to more affordable stores, it makes sense Dollar General has one of the largest store expansion plans in 2023. 

After a strong third quarter where it posted $9.5billion in sales, the discount retailer said it would open 1,050 new locations in 2023

There are currently Dollar General stores in every state except Alaska, Montana, and Hawaii.

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In total, Dollar General reportedly operates more than 18,000 stores in the country.

5. NORDSTROM RACK

During sky-high rates of inflation, shoppers are showing greater interest in affordable but high-end fashion.

This helps Nordstrom Rack, which is plotting to open six more locations this year.

The new stores are coming to Witchita, Kansas; Salem, Oregon; Chattanooga, Tennessee; Olympia, Washington; Union Gap, Washington; and Los Angeles, California.

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6. NORTH FACE

VF Corporation, the parent company of Vans, The North Face, and Timberland plans to open 300 The North Face locations over the next five years.

In 2023, plans are underway for new stores in Minnetonka, Minnesota; Wauwatosa, Wisconsin; and Indianapolis, Indiana.

The brand has also announced its goal to revamp all the existing stores in order to provide an improved experience for shoppers.

7. PRIMARK

Clothing retailer Primark is set to begin an American expansion, with 10 new stores slated to open this year.

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This move will nearly double its footprint in the United States.

Last year, the brand opened three new stores in New York City alone, in Queens, Brooklyn, and Garden City.

8. RALPH LAUREN

Ralph Lauren is also looking ahead to its growth.

Currently, the designer brand has targeted 250 new stores over the next three years.

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These locations will be strategically chosen, with new units going up in the top 30 cities in the world.

9. REI 

Camping gear retailer REI also joins the list of brands plotting a larger footprint in 2023.

So far, the chain has announced plans to open three new locations, two in California and one in New Hampshire.

10. ALDI

Aldi previously announced it intends to open more than 1,000 stores in the next 10 years.

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The expansion occurs as Aldi has been voted the No. 1 cheapest grocery store to shop at, a powerful market strategy during times of inflation when grocery prices have generally skyrocketed.

In total, 17 new discount grocery stores will open.

The new stores will be located in Florida, Illinois, Iowa, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New York, Ohio, and South Carolina.

STORE CLOSURES 

These store openings are the exception to a general trend being dubbed the “retail apocalypse.” 

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Brick-and-mortar retailers have generally suffered from reduced demand because of inflation.

At the same time, online shopping has captivated many shoppers, with more and more preferring to rely on that over in-person stores.

Bed Bath & Beyond confirmed a  list of more than 120 locations that will shutter.

The company lost $393million in the third quarter ending November 2022, and rumors are swirling that the company will file for bankruptcy soon.

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Bed Bath & Beyond also defaulted on its credit line with JPMorgan Chase & Co.

It owes $550million to the big financial services firm and another $375million to lender Sixth Street.

CVS and Walgreens have also started closing locations across the country.

Locations in Illinois, Texas, Vermont, and Washington DC will be affected.

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Other retailers, including Big Lots and Macy's, plan to close multiple locations within the next few months.

Altogether, retailers have planned to close 522 locations in 2023, according to data from Coresight Research.

Marshall’s also announced plans to close its doors among widespread closures.

Plus, Amazon will be shutting down several Fresh and Go stores with low growth potential.

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