U.S. Retail Unit Growth Increased +1.9% Y/Y in 2022
- Total U.S. retail systemwide unit count increased +1.9% y/y in 2022 and +1.3% compared to 2019.
- While post-covid development has been very subdued, retail chains have been successful in driving healthy sales growth from existing stores as outlined below.
U.S. Retail Systemwide Sales Increased +9.2% Y/Y in 2022
- Total U.S. retail systemwide sales for NoBull’s 80+ retail company coverage (see below) increased +9.2% y/y in 2022 and +33.6% compared to 2019.
- Home improvement and big box retail continue to build upon their strong gains relative to 2019, while the hotel segment’s recovery is finally underway.