Retailers in the S&P 500 opened nearly three times as many stores as they closed during their respective latest fiscal years, according to a report.
To be precise, the retailers opened 2,976 stores, nearly triple the 1,020 that they closed, according to Investor’s Business Daily, citing data from S&P Global Markets Intelligence. Retailers on the S&P 500 are AutoNation, Best Buy, CarMax, Dollar General, Dollar Tree, Foot Locker, Gap, Home Depot, Kohl’s, L Brands, Lowe’s, Macy’s, Nordstrom, O’Reilly Automotive, Ross Stores, Target, Tiffany, TJX Cos., Tractor Supply Co., Ulta Beauty and Urban Outfitters.
In all, 19 S&P 500 retailers reported opening more stores than they closed.
By Edmund Mander