In The Facts About Store Development 2001 FMI concludes that at 4.9%, store openings exceeded store closings by 2.5%; an increase of .4% over the marginal difference for 1999. The increase in the number of stores offsets the general decrease in facility size. The average size of new stores for last year was 44,072 sf, which is a reduction from 1999's average of 49,000 sf. "Due to a strong economy that raised land prices and building costs," FMI found, "the industry continued to embrace alternative site solutions and reduce the size of new construction."
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