The retail sector? The news isn’t as bad you might think

It seems like major retailers are closing their doors every day. Earlier this year, Joann announced that it would close all its fabric stores, while both Kohl’s and Macy’s announced their own round of closings.

That doesn’t mean that all retailers are struggling. In fact, the retail sector has shown impressive resilience, even while facing an uncertain economy.

For proof, consider Northmarq‘s first quarter 2025 The Top 100 report. This report lists U.S. retailers that are expanding their locations rapidly. It’s a reminder that while some retailers are shutting down, others continue to grow.

Which retailers are performing well in Northmarq’s latest Top 100 report?

T.J. Maxx, Marshalls and HomeGoods continue to lead off-price retail by targeting middle-market shoppers, Northmarq reports. These three stores will open 70 locations in 2025. The company also has plans to double the number of HomeGoods stores and reach a global total of 7,000 locations across all three brands.

Five Below, popular among Gen Z and Millennial shoppers, plans to open 150 new stores in fiscal year 2025, with 50 of these locations opening in the first quarter, according to Northmarq. The discount retailer hopes to eventually reach 3,500 total locations.

Burlington is now focusing on smaller-format stores, Northmarq reports. The retailer plans on opening 100 new locations in 2025 and has a long-term goal of 500 new locations by the end of 2028.

Ross Dress for Less is continuing its steady growth by planning 80 new stores during this fiscal year, with a long-term vision of reaching 2,900 total locations, Northmarq reports.

Then there’s Ollie’s Bargain Outlet, which plans to open 75 new locations in 2025. Northmarq says that Ollie’s is targeting underserved markets.

Retail giants are also growing, with Northmarq pointing to Walmart, which plans to open 150 new U.S. stores in the next five years and remodel hundreds more.

Grocery chain Aldi plans to open 225 new locations across the United States in 2025 while striving for 800 new total stores by the end of 2028. Northmarq says that these new locations will generally target suburban and rural markets.

Northmarq says that Dollar General plans to add a whopping 595 new locations this fiscal year. This brand, too, is targeted underserved areas, especially in rural locations.