Retailers in New Mexico have dealt with a whirlwind as they struggle to maintain a sense of normalcy during the pandemic. Bordered by Texas and Oklahoma, New Mexico is the 36th largest state by population with 2.35 million residents, projecting to hit the 2.5 million mark by 2025. And primed for unique retail expansion.
Macy’s owned Bloomingdales has announced they are experimenting with smaller format stores called “Bloomies.” With a footprint less than 22,000 square feet, the first will open in Fairfax, VA this fall.
Following a successful holiday season, the retailer has plans to expand with 170 locations.Five Below has announced it will be expanding following a successful holiday season. The retailer will open 170 stores over the next nine months to bring its total to more than 1200 locations.
With concepts in New York, Las Vegas, Hong Kong, and Tel Aviv, Major Food Group (MFG) is entering the Miami market with at least 4 new restaurants in 2021. Carbone, which has developed a world wide cult-following, opened at the end of January near the southern tip of Miami Beach in the South of Fifth neighborhood.
As of February 24, 2021, Fry’s Electronics began officially winding down operations and closed their e-commerce business. Their locations were known for excessive levels of sci-fi detail, the most notorious being an Aztec themed location in Arizona and a NASA themed location in Houston.
Stars—they’re just like us! Flip through any gossip rag at the checkout counter and you’ll see the rich and famous picking up coffee, grabbing groceries, or hitting the gym. You may even get a little zing when you recognize one of your favorite retail locations—in fact, brands are counting on that zing.
Who doesn’t have memories of walking the overstuffed aisles of Toys ‘R’ Us, or the thrill of a Geoffrey Giraffe spotting? When iconic toy emporium Toys ‘R’ Us closed its doors in 2018, the fallout was messy. And recent reports aren’t promising for the toy brand. But how did they get here?
The RealReal has opened 2 new locations. Courtney Hawkins, vice president of retail at The RealReal, said they saw a significant opportunity in Southern California after opening their West Hollywood location. This brings The RealReal’s total location count to 13, including 4 locations in New York and 5 locations in California.
Responding to the growing need for essential goods with convenient curbside pickup, Aldi announced expansion plans to open 100 new locations in 2021. The retailer has specific plans for expansion that will take them into several regions nationwide.
It’s hard to imagine a world without easy access to an Old Navy for a new t-shirt, a Starbucks at every turn, and easy access to fresh ingredients at a grocery store—no matter where you may travel. But 2020 proved that even massive retail chains with national presence weren’t immune to the long-term effects of COVID-19. And some reports predict thousands more closures this year.