UPPER EAST SIDE, NY — It is no secret that the coronavirus pandemic has posed an existential threat to New York's small businesses, but a new study shows that the crisis has also wiped out hundreds of retail chains across the city — including on the Upper East Side.
On the Upper East Side, 42 national chain retailers closed this year, with every neighborhood ZIP code seeing a decline, according to the report released Wednesday by the Center for an Urban Future. More than 1,000 chain stores have closed around New York this year.
Here is the number of national retail chains now open in each Upper East Side ZIP code, compared to last year:
10021: 51 chain stores, down from 62 in 2019 (18 percent drop)
10028: 70 chain stores, down from 85 (18 percent drop)
10065: 48 chain stores, down from 58 (17 percent drop)
10075: 17 chain stores, down from 18 (6 percent drop)
10128: 35 chain stores, down from 40 (13 percent drop)
Overall, the 13.3 percent 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.
In October, Patch found 66 retail vacancies along a stretch of Second Avenue on the Upper East Side — although many of the storefronts had formerly housed small businesses and been vacant for years.
"Among retail categories, all sectors were impacted by the decline in growth, with only three exceptions, home centers, wholesale clubs and jewelry and watches, which each saw a gain of just one store each," the report found.
Raed the full report here.
Related coverage: Vacancy Crisis: Empty Storefronts Blanket Upper East Side