Axios reports on a new Coresight Research study saying that retailers plan to open three times as many physical stores in 2023 as they did in 2022.
And a big driver of that bricks-and-mortar growth - price-driven formats: "The top six retailers opening stores in 2022 were dollar chains and discounters, including Dollar General, Family Dollar, Dollar Tree, Five Below, TJX Cos. and Aldi, in that order."
"Online shopping helped stores navigate the pandemic — but retailers and shoppers have both realized the limitations of doing business entirely online.
"As the world opened back up, shoppers returned to stores in hordes.
"A big driver of store openings: shoppers seeking bargains, especially at dollar stores with a limited or nonexistent online presence."