Holding Steady: 48 Chain Stores on the Lower East Side
A new report indicates that chain stores did not substantially increase their presence on the Lower East Side between 2014 and 2015.
The 8th annual survey from the Center for an Urban Future shows 48 national chain store locations in the 10002 zipcode this past year, compared with 47 between 2013 and 2014. Here’s more about the survey’s citywide findings:
Our eighth annual ranking of national retailers in New York City shows that the growth in chain store locations across the city slowed considerably over the last year. Overall, there was a 1 percent increase in the number of national retail locations between 2014 and 2015, compared to a 2.5 percent gain between 2013 and 2014. While this is the seventh consecutive year with a net increase in national chain stores in the five boroughs, this year’s rate of growth was lower than all previous years except 2013—when the number of chain stores rose by 0.5 percent. Our analysis shows that the 300 retailers that were listed on last year’s ranking expanded their footprint in New York City from a total of 7,473 stores in 2014 to 7,550 stores in 2015, an increase of 1 percent.
The 10003 zipcode, which includes the East Village, had 163 chain locations (down one from the previous year). As EV Grieve noted, this zipcode also includes Union Square and portions of 5th Avenue. The 10009 zipcode (East Village/Alphabet City) had 30 chain stores (up from 25 in 2013-3014).
You can view the full report here.