Retail Chains in 2022
Commercial Observer
Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape
The largest retail chains in New York City closed stores throughout 2022. The new numbers underscore brick-and-mortar retail’s uneven recovery from the pandemic. Speaking of retail chains, the largest coffee companies in New York continue to struggle with a lackluster return to office — and with offices serving free gourmet coffee to the workers who are returning.
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— Tom Acitelli, Co-Deputy Editor
Even Chains Stumble Amid NYC's Uneven Retail Recovery
New York City’s retail has recovered from the worst of the pandemic, but it still hasn’t returned to where it was in 2019. That’s true even for the biggest national retailers in the city, the Center for an Urban Future (CUF) found in its annual “State of the Chains” report.
New York's Coffee Chains Were Booming Before COVID. Now What?
The Empire State Building’s Starbucks Reserve exemplifies New York City’s percolating coffee wars. Vendors face the prospect of less foot traffic due to fewer workers coming to the office every day, and also competition from companies providing free gourmet coffee to help reward those workers who do come in.
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