FOR BREAKING NEWS VISIT www.qns.com JANUARY 7, 2016 • THE QUEENS COURIER 11 Chain stores see slower growth in Queens this year: report BY ANGELA MATUA amatua@queenscourier.com @AngelaMatua Chain stores continue to expand their reach across the “World’s Borough,” but at a slower rate than in previous years. The number of chain stores in Queens increased by 0.8 percent between 2014 and 2015, a much slower rate of growth than last year, according to a study released by the Center for an Urban Future last week. Titled “State of the Chains,” the report found that the total number of chain stores in Queens increased from 1,735 in 2014 to 1,749 in 2015. Between 2013 and 2014, the number of chain stores in Queens jumped by 3.5 percent. Despite the slow growth, the borough still has the second highest number of chain stores of all the boroughs. T-Mobile opened 12 stores in Queens within the last year and Dunkin Donuts opened 10 stores. A number of national retailers closed up shop including Queens saw a slower growth rate in retail chains this year, according to a report by the Center for an Urban Future. RadioShack, which closed 12 stores this year and CVS, which reduced its presence in the borough by eight stores. Woodside had the largest growth of any neighborhood in Queens, with eight retail chains opening here this year. Breezy Point and a part of Jamaica had zero retail chains open between 2014 and 2015, the study found. The area surrounding Queens Center mall in Elmhurst is home to the largest number of chains in Queens with 137. According to the report, fi ve retailers have their only New York City locations in Queens. These chains include Arby’s, Panda Express, Gold’s Gym and Photo courtesy of Flickr/Mike Mozart Gordon’s Jewelers. The report also found that 63 retailers have more of their stores in Queens than any other borough. These chains include Dunkin Donuts, Baskin Robbins, T-Mobile and Rite Aid. Great rates like ours are always in season. 24-Month CD 1.30%APY* $5,000 minimum deposit At Flushing Bank, we’re small enough to know you and large enough to provide you with the great rates you’re looking for. Hurry, an offer like this can’t last forever. For more information and to find out about our other great offers, visit your local Flushing Bank branch, call 800.581.2889 or visit www.FlushingBank.com. 60-Month CD 2..25%APY* $5,000 minimum deposit * New money only. APY effective December 14, 2015. Annual percentage yield assumes principal and interest remain on deposit for a full year at current rate. Minimum deposit balance of $5,000 is required. Funds cannot be transferred from an existing Flushing Bank account. Premature withdrawals may be subject to bank and IRS penalties. Rates and offer are subject to change without notice. Flushing Bank is a registered trademark
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