11 retail chains have left New York City this year

Crains

Eleven retail chains vanished from New York City this year, according to the Center for an Urban Future's newest "State of the Chains" report.

New York's high rents and increasingly tightfisted tourists figure to have played a role in some of the departures, but there are exceptions.

Cache and Joyce Leslie went out of business entirely and closed all of their stores.

The United Colors of Benetton eliminated all of its stores in the United States, including its four in Brooklyn and two in Queens.

In departing those six locations, it left the biggest imprint among the retailers who ditched the city.

CrainsBut the loss of the Benetton locations wasn't the greatest among New York retailers. Several kept stores in the city but downsized their presence by bigger margins.

Despite the departures, New York's overall presence of retail chains stayed steady. Fifty retail outposts were added in 2016, on top of 49 new ones from the year before. Six companies added more than 10 new locations, with discount variety stores and coffee options leading the way.

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