In The Facts About Store Development 2001 FMI concludes that at4.9%, store openings exceeded store closings by 2.5%; an increaseof .4% over the marginal difference for 1999. The increase in thenumber of stores offsets the general decrease in facility size. Theaverage size of new stores for last year was 44,072 sf, which is areduction from 1999's average of 49,000 sf. "Due to a strongeconomy that raised land prices and building costs," FMI found,"the industry continued to embrace alternative site solutions andreduce the size of new construction."
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