Business & Tech
Here's How Many Chain Stores Closed In Washington Heights In 2020
Besides small businesses, the pandemic has also wiped out a number of chain stores in Upper Manhattan this year, a new report found.
UPPER MANHATTAN, NY — The coronavirus pandemic has had a devastating effect on small businesses in New York City, but a new report shows that the crisis has also shuttered hundreds of retail chain locations across the city — including in Upper Manhattan.
Overall, 13 retail chain stores closed in Inwood and Washington Heights, with three of four ZIP codes in the two neighborhoods seeing a decline, according to the report released Wednesday by the Center for an Urban Future. More than 1,000 chain locations have closed around New York this year.
The two Upper Manhattan neighborhoods saw far fewer chain closures than other parts of Manhattan.
Find out what's happening in Washington Heights-Inwoodfor free with the latest updates from Patch.
Here's a full break down for retail store closures during 2020 within the 10032, 10033, 10034, and 10040 ZIP codes.
10032
Find out what's happening in Washington Heights-Inwoodfor free with the latest updates from Patch.
- 2020: Chain Stores — 36
- 2019: Chain Stores — 39
- 3 percent drop
10033
- 2020: Chain Stores — 40
- 2019: Chain Stores: 48
- 17 percent drop
10034
- 2020: Chain Stores — 16
- 2019: Chain Stores — 18
- 11 percent drop
10040
- 2020: Chain Stores — 21
- 2019: Chain Stores — 21
- 0 percent drop
The number of chain stores lost in Inwood and Washington Heights is relatively low. Comparatively, neighborhoods like the East Village and Midtown East saw more than 30 retail chain locations shutter in 2020.
Overall, the 13.3 percent citywide decline in the number of chain stores this year is by far the largest in the study's 13-year history. Manhattan saw the steepest losses, with its chains shrinking by 17.4 percent.
The chain with the most closures in New York this year was Metro PCS, which closed a whopping 134 locations — partly due to consolidation with its parent company T-Mobile. Dunkin' Donuts, the largest national chain in New York City, lost locations for the first time in the study's history.
The study was conducted between mid-November and early December, using information on each retailer's website about its open locations. About 2 percent of the closures it measured were temporary, while the rest were permanent.
Read the full report here.
Patch reporter Nick Garber contributed to this article.
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