GRAND JUNCTION, Colo. – More major retailers are closing their stores nationwide.
A recent report by USA Today found chains like Macy’s, JC Penny Express, Papyrus, and Pier 1 Imports are closing more than 1200 of their stores combined.
The report links this trend to the continuous rise in online shopping.
Loki owner Seth Anderson is proud of his brand’s store in Grand Junction, but he says online sales make up about half of his business. He says no matter how large online sales get, Loki’s physical store will stay.
“We definitely want to grow our online presence more,” said Anderson. “But, this retail store is so fun and helps us engage with the community here.”
At Mesa Mall, Dillard’s and HomeGoods will open their doors this year. In a statement, a Mesa Mall spokesperson says the mall sees store closings across the industry as opportunities for redevelopment. This includes retail companies that are expanding. A local economic expert says Grand Junction is a prime area for large retailers to build stores.
“A lot of those companies have site selectors and they look at formulas involved with things like wages, and population growth, and job growth to see how affluent a community is before they go in,” said Robin Brown, director of the Grand Junction Economic Partnership. “In the last year we’ve seen a huge improvement in those numbers.”
Robin Brown says overall, the demand for shopping in Grand Junction remains high.
“There’s so many things that people still need in the community,” said Brown “We’ll always have a ‘brick and mortar business’ here. I think we’ll see an increase in the next two years.