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US Store Tracker Extra, February 2022: US Retailers To Open 41 Million Square Feet of Retail Space in 2022

The US Store Tracker Extra monthly series offers insight into retailers’ store closure and opening announcements. We include details on closures and openings as a percentage of total store base as well as square-footage impact. This report also offers a comparison between year-to-date announced closures and openings, as of February 25, 2022, versus the comparable period in 2021.

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Luxury in the Metaverse: Recent Developments and Future Potential

We believe that the metaverse is set for tremendous growth and that luxury’s role will grow increasingly prominent. We present examples of recent developments in the space by luxury brands and explore the future potential of the luxury metaverse, including the technology innovators that are supporting the luxury metaverse and key considerations for players looking to build a virtual presence.

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US Fashion Resale Market—A $26 Billion Retail Opportunity

The US fashion resale market will grow into a $26 billion opportunity in 2022. We examine the key factors impacting growth, both online and in the brick-and-mortar channel. We discuss the competitive landscape across six resale models and present three themes we are watching in 2022 and beyond.

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Beauty at US Department Stores: Four Growth Opportunities

Beauty comprises one of the smallest portfolio categories across major US department stores, representing huge opportunity for retailers to expand in this category. We analyze the performance of, and outlook for, beauty sales in department store retail and explore four key areas of growth for the category—covering live selling, inclusivity and more.

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Market Outlook: US Grocery Retailers—Channel Stickiness To Persist

In 2022, US grocery retailers must equip themselves for the strategic challenges ahead as on-premise consumption regains its full strength, and look to capitalize on persistent pandemic-induced behaviors. We examine the size and trajectory of the US grocery market and key factors impacting growth. We also cover the performance and outlook for online grocery, as well as the market’s competitive landscape, retail innovators and themes we are watching in 2022 and beyond.

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