To say 2020 has been a tough year for retailers would be an understatement.
In June, it was projected that 25,000 would shutter this year. Some had been hit hard by the retail apocalypse, while others were decimated solely by the coronavirus.
But amid the ashes, many retailers have announced expansions or are going full speed ahead with previous plans, according to a report by Stan Johnson Co.
“You’re surprised to see people are expanding. Then, when you peel the onion back, it starts to make a little more sense as to what their long-term strategy is,” said Ryan Butler, managing director and partner at Stan Johnson.