- Discounters are collectively opening hundreds of new stores this year.
- Retailers planning to add new stores include Dollar General, Dollar Tree, Family Dollar, Aldi, Lidl, Five Below, and Hobby Lobby.
- Meanwhile, mall-based stores like Teavana, Rue21, Gymboree, and others
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15 companies that are defying the retail meltdown by opening hundreds of new stores
Retailers planning to add new stores include Dollar General, Dollar Tree, Family Dollar, Aldi, Lidl, Five Below, and Hobby Lobby.
Aldi's biggest global competitor, Lidl, launched its first US stores last year and now has 48 locations across the East Coast. The company plans to open another 52 stores by June of this year, a spokesman told Business Insider.
Costco will open at least three new stores and Walmart plans up to 25 new locations that will include a mix of Neighborhood Market stores and Supercenters. However, Walmart's Sam's Club chain will close 63 stores, the company said Thursday.
Along with Sam's Club, many mall-based retailers including Sears, Kmart, Macy's, Rue21, Gymboree, and others are planning to close hundreds of stores.
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