BDO: Store openings most in past five years

As of early August 2022, U.S. retailers have announced 4,432 store openings, and 1,954 store closings, resulting in a net of 2,478 openings, the largest number of openings in the past five years, according to BDO’s latest “Retail in the Red: BDO Bi-Annual Bankruptcy Update.” (The report cited store opening and closing data from Coresight Research.)