Openings: 42 stores
Bealls: 1
Dollar General: 6
Dollar Tree: 6
Five Below: 2
Homesense: 1
Retro Fitness: 1
TJ Maxx: 1
Walgreens: 24
Closings: 45 stores
American Freight: 2
At Home: 2
CVS: 3
Family Dollar: 32
Old Navy: 1
TJ Maxx: 1
Walgreens: 4
Statistics
Openings: 42 stores
Bealls: 1
Dollar General: 6
Dollar Tree: 6
Five Below: 2
Homesense: 1
Retro Fitness: 1
TJ Maxx: 1
Walgreens: 24
Closings: 45 stores
American Freight: 2
At Home: 2
CVS: 3
Family Dollar: 32
Old Navy: 1
TJ Maxx: 1
Walgreens: 4
South includes: AL, GA, NC, SC, TN, VA
Openings: 72 stores
Ace Hardware: 6
Ashley Furniture: 1
Badcock Furniture: 1
Barnes & Noble: 2
Bealls: 1
Burlington: 2
Crunch Fitness: 3
Dollar General: 23
Dollar Tree: 9
Family Dollar: 2
Five Below: 8
Floor & Decor: 1
Golf Galaxy: 1
Habitat for Humanity: 1
Lowes Foods: 1
Marshalls: 2
Michaels: 1
Planet Fitness: 1
Publix: 1
TJ Maxx: 2
Total Wine & More: 1
Tractor Supply: 2
Openings: 120 stores
Ace Hardware: 1
American Freight: 1
Badcock Furniture: 2
Bealls: 1
Citi Trends: 1
CVS: 1
Dollar General: 4
Dollar Tree: 1
Family Dollar: 90
Golf Galaxy: 1
Habitat for Humanity: 2
Jo-Ann Fabric: 1
Marshalls: 1
Office Depot: 1
Publix: 1
Sam Ash Music: 1
Tractor Supply: 1
True Value Hardware: 1
Urban Air Adventure Park: 1
Walgreens: 7
Openings: 26 stores
Ace Hardware: 1
Amped Fitness: 1
Burlington: 1
City Furniture: 1
Crunch Fitness: 1
CVS: 1
Dollar General: 1
Dollar Tree: 2
EOS Fitness: 1
Family Dollar: 1
Five Below: 2
Fresh Market: 1
Guitar Center: 1
Habitat for Humanity: 1
Hobby Lobby: 1
Homesense: 1
Planet Fitness: 2
Publix: 6
Closings: 13 stores
Burlington: 1
CVS: 3
Dollar Tree: 1
Family Dollar: 4
Habitat for Humanity: 2
Hobby Lobby: 1
Walgreens: 1
Openings: 51 stores
Aldi: 1
Burlington: 2
Dollar General: 5
Dollar Tree: 3
EOS Fitness: 1
Family Dollar: 1
Five Below: 1
H-E-B: 1
Home Depot: 1
Homesense: 2
Life Time Fitness: 1
Michaels: 1
Old Navy: 1
Pet Supplies Plus: 1
Petco: 1
Tom Thumb: 1
Tractor Supply: 2
Walgreens: 25
Closings: 10 stores
99 Cents Only: 1
American Freight: 1
Citi Trends: 1
CVS: 1
Dollar Tree: 1
Family Dollar: 2
LA Fitness: 1
Office Depot: 1
Walgreens: 1
South includes: AL, GA, NC, SC, TN, VA
Openings: 45 stores
Ace Hardware: 3
Barnes & Noble: 1
Dollar General: 15
Dollar Tree: 7
Family Dollar: 5
Five Below: 3
Floor & Decor: 1
Harris Teeter: 1
Kroger : 1
Michaels: 1
Pet Supplies Plus: 1
Petco: 1
Planet Fitness: 1
Publix: 1
TJ Maxx: 1
Tractor Supply: 1
Urban Air Adventure Park: 1
Openings: 21 stores
Ace Hardware: 2
American Freight: 1
Barnes & Noble: 1
Citi Trends: 1
Cost Plus World Market: 1
CVS: 3
Dollar General: 3
Family Dollar: 2
Gabe’s Discount: 1
Harris Teeter: 1
Kroger : 1
Piggly Wiggly: 1
Rooms To Go Kids: 1
True Value Hardware: 1
Walgreens: 1
Welcome to our new series, "Banking Evolution in Florida: Trends and Transformations (2022-Present)." In recent years, the banking landscape in Florida has undergone significant changes, reflecting broader national trends and unique regional dynamics. From the steady decline in the number of physical bank branches to the strategic expansions by major players, the way Floridians bank today is markedly different from just a decade ago.
This series aims to delve into the factors driving these changes, highlight key players shaping the industry, and explore the impact on consumers and communities across the state. We will examine the strategies of major banks, the rise of digital banking, and the implications of mergers and acquisitions. Whether you’re a banking professional, a consumer, or simply interested in the financial trends affecting Florida, this series will provide valuable insights and a comprehensive overview of the evolving banking sector.
The GLA absorption in 2022 was significant at 3.8 million square feet, but 2023 was drastically lower at 0.7 million square feet, a decrease of 81% primarily caused by Bed Bath & Beyond and Tuesday Morning exiting the market.
Notable Highlights
Grocery / Warehouse Club / Liquor sector had the highest increase in GLA.
Home Furnishings / Appliance sector experienced the largest decrease in GLA.
Discount, Apparel, Fitness, and Home Improvement / Hardware saw significant increases in GLA.
The Pharmacy / Beauty Supply sector and the Office Supply sector both experienced declines in GLA across the observed years.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Openings: 27 stores
Ace Hardware: 1
Barnes & Noble: 1
Burlington: 3
CVS: 2
Dollar General: 3
Dollar Tree: 5
Five Below: 1
Key Food: 3
Michaels: 2
Pet Supermarket: 1
Publix: 3
Ross: 1
Target: 1
Closings: 18 stores
Best Buy: 1
Bravo Supermarket : 1
Burlington: 1
CVS: 3
Family Dollar: 3
Habitat for Humanity: 1
Kirkland’s: 1
Office Depot: 1
Retro Fitness: 1
Save-A-Lot: 1
Staples: 1
Walgreens: 3
Openings: 49 stores
Ace Hardware: 3
At Home: 1
Bealls: 1
Dollar General: 7
Dollar Tree: 10
EOS Fitness: 1
Family Dollar: 3
Five Below: 5
H-E-B: 2
Hobby Lobby: 1
Homesense: 1
Sprouts Farmers Market: 1
Walgreens: 13
Closings: 20 stores
Chuck E Cheese: 1
CVS: 1
Family Dollar: 8
Five Below: 1
Food Town: 1
LA Fitness: 1
Office Depot: 1
Office Max: 1
Old Navy: 1
Pet Supermarket: 1
Petco: 1
True Value Hardware: 1
Walgreens: 1
South includes: AL, GA, NC, SC, TN, VA
Openings: 62 stores
Academy Sports: 1
Ace Hardware: 5
Aldi: 4
Bargain Hunt: 1
Barnes & Noble: 1
Burlington: 2
Dick’s Sporting Goods: 1
Dollar General: 17
Dollar Tree: 8
Family Dollar: 1
Farmers Home Furniture: 1
Five Below: 4
Golf Galaxy: 1
Hobby Lobby: 1
HomeGoods: 2
Life Time Fitness: 1
Marshalls: 1
Nordstrom Rack: 2
Ollie’s Bargain Outlet: 1
Planet Fitness: 1
Publix: 2
Ross: 1
Sky Zone Trampoline Park: 1
Tractor Supply: 1
True Value Hardware: 1
Openings: 38 stores
Bargain Hunt: 1
Best Buy: 1
Burlington: 2
CVS: 1
Dick’s Sporting Goods: 1
Dollar General: 4
Family Dollar: 8
HomeGoods: 1
Kirkland’s: 1
Office Depot: 1
Office Max: 1
Rooms To Go: 1
Staples: 1
True Value Hardware: 7
Walgreens: 7
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.