August marked the second month in a row when store opening plans announced by U.S. retailers reached a record level, according to the most recent report from RBC Capital Markets.
RBC reports that among the retailers it's tracking new store openings planned for the next 24 months rose by 2,200 from July to August, for a total of 80,116 stores. The number represents an increase of 2.9 percent over July, and an increase of 13.9 percent over store openings planned during the same period last year.
The researchers caution, however, that a significant reason for the spike in new opening plans might have to do with seasonal retailers planning more pop-up locations.
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