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Top U.S. retailers put the brakes on construction spending

November 30, 2020

The coronavirus pandemic has been one more nail in the coffin for some of the country’s top brick-and-mortar retail brands. In the first eight months of 2020, 66 brands closed 13,262 stores — more than in all of 2019 — and the list is expected to grow by the end of the year, according to Dodge. Of the companies closing stores this year, 26 have declared bankruptcy, including brands such as Neiman Marcus, Pier 1 Imports, Sears, J Crew and JC Penney.

This chart details the U.S. retail chains spending the most on construction starts:

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