Deep DiveReal Estate Insights: US Food, Drug and Mass Retail—Discounters and Warehouse Clubs Lead Store Expansion Sujeet Naik, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research November 12, 2026 Reasons to ReadDiscover how the US food, drug and mass retail real estate landscape is evolving as discount grocers, specialty retailers and warehouse clubs accelerate store expansion while major drugstore chains consolidate their footprints. Explore store opening and closure trends, shifting consumer traffic patterns and emerging real estate opportunities in 2026. Read this report to uncover answers to these and other questions: Which grocery, drugstore, mass merchandise, warehouse club and discount retailers are leading store expansion in the US, and which are consolidating their footprints? How are value-oriented and specialty grocers such as Aldi, Trader Joe’s and Sprouts Farmers Market reshaping grocery retail real estate through aggressive expansion and stronger store traffic? How are CVS and Walgreens adapting their real estate strategies as drugstore closures moderate, and what opportunities do vacant pharmacy locations create for landlords and expanding retailers? What factors are driving warehouse club and discount store expansion, and how are retailers such as Costco, Five Below and Ollie’s Bargain Outlet capitalizing on value-seeking consumers? How can retailers and real estate investors capitalize on second-generation retail space, limited new construction and shifting regional demand to identify attractive expansion opportunities? Companies mentioned in this report include: Albertsons; Aldi; Amazon; BJ’s Wholesale Club; Costco; CVS Health; Dollar General; Dollar Tree; Five Below; Grocery Outlet; Kroger; Lidl; Ollie’s Bargain Outlet; Publix Super Markets; Sam’s Club; Sprouts Farmers Market; Target; Trader Joe’s; Walgreens; Walmart; Whole Foods Market. Already a member? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our membership plans. View Membership Plans or Contact us to purchase this report. Contact us ✕ This document was generated for