Expanding Philosophy

It may seem like every retailer is closing stores, but there are expanding sectors.

OPENINGS AND CLOSINGS
	Current Stores	January 12-mo. est.	24-mo. est.	March 12-mo. est.	24-mo. est.	YTD Change 12-mo. est.	24-mo. est.
Top Sectors Expanding Opening Plans
Video Rental / Sales	11,770	420	830	445	880	25	50
Shipping / Packaging / Postal Mail Center	6,681	190	420	290	645	100	225
Restaurant (family)	26,815	2,311	4,147	2,542	4,567	231	420
Restaurant (w/ liquor)	25,649	1,956	3,759	2,105	4,032	149	273
Food or Beverage Specialty	44,844	4,601	8,876	4,725	8,869	124	(7)
Top Sectors Curtailing Opening Plans
Convenience / Gas Station	50,902	884	1,755	583	1,152	(301)	(601)
Car Rental	14,736	216	432	116	232	(100)	(200)
Apparel - Family	13,430	942	1,715	945	1,712	3	(3)
Shoes	16,220	860	1,610	775	1,510	(85)	(100)
Supermarket / Grocery	19,030	1,007	1,951	844	1,661	(163)	(290)
Sources: Retail Lease Trac & RBC Capital Markets