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New York City saw a decline in chain stores in 2024, report says

Merchandise stores take biggest hit, while food chains expand
Chain store closures have been driven by retailers who sell merchandise such as clothing or cellphones. (Joseph DiBlasi/CoStar)
Chain store closures have been driven by retailers who sell merchandise such as clothing or cellphones. (Joseph DiBlasi/CoStar)
CoStar Analytics
December 19, 2024 | 7:31 P.M.

According to a report by the Center for an Urban Future, 2024 marked the fifth time in seven years where the number of chain stores declined in New York City.

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