If you’ve stepped foot in your local mall lately, you likely noticed that the retail apocalypse is well underway. With shopping stalwarts like Sears, Kmart, Toys R Us and others shuttering their stores left and right, thousands of chain locations are expected to close this year, according to data from real estate services firm Cushman & Wakefield.
Even though many stores are shrinking their footprints, others are thriving in this chaotic landscape and booming in the retail plague.
Click to see which brands took a beating last year — and which ones took off.
You can’t beat the bargain of low-price shopping — and Dollar General has all but created a business model on serious savings. With over 900 planned store openings in the next year, this discount retailer is expanding — and catering — to rural areas across the country by creating a cheap and convenient shopping enclave for folks who are trying to save a buck.
The German company has had a toehold in the U.S. for decades, but in the last few years, it has grown rapidly. With plans to expand to 2,500 locations in the next six years, it will snag the title of the third-largest grocer in the U.S. by store count. By straddling the line of price and health-conscious choices, ALDI has helped consumers cater to their bottom line without sacrificing quality — and it seems to be paying off in spades.
Ulta has marketed itself as a one-stop shop of beauty and retail, where you can get awesome beauty products at budget prices — and it only plans to keep expanding. Operating over 1,000 stores in 48 states, the beauty giant plans to expand its portfolio to add 100 more stores across the country.
This craft and home decor haven has found some serious success nationwide. Touted as the largest privately owned arts and crafts retailer in the country, Hobby Lobby just opened its 800th location — with plans to add 60 more stores and approximately 2,500 new employees before the end of 2018.