New York City flower shops are closing down and will be replaced by new ones, a move that could help to boost sales at a time when retailers are scrambling to adapt to changing tastes and consumer trends.
The flower shops have been closing for a number of reasons, including an uptick in the number of women and young people moving to the city.
But there are signs that the decline is beginning to pick up.
“They’ve been seeing a trend,” said Laura Kipnis, a senior analyst at research firm RealtyTrac.
So far, the new stores have had a mixed record.
Flower shops have long been a magnet for the city’s millennials, many of whom want to shop for flowers for their own home or shop at a flower shop, Kipinis said.
In New York, about 70 percent of people over the age of 25 have never bought flowers, and that number is expected to climb to 60 percent in 2019, according to a report from research firm Euromonitor International.
More than half of all New York households have never seen a flower, the report said.
The city’s flower shops, located in parks, in shops and in parks outside restaurants, are the largest retailers in the city, according a study by real estate research firm CBRE.
They are among the few major retailers that are located in downtown Manhattan, a city that has struggled with gentrification.
The flower shop industry is booming, with more than half a million square feet of new business opening each month, according the Manhattan-based market research firm.
The majority of the new businesses are retail businesses, but the market is also growing for specialty shops, which include artisanal flowers, handmade perfumes, jewelry, handmade accessories, jewelry accessories and specialty food.
Kipnis said it was not clear whether the flower shops would open a new location for their businesses, citing uncertainty about when the new outlets would open.
The move will help bolster sales at the new flower shops.
The old flower shops were already operating with a few new stores in the works.
Last year, The Flower Store of America closed its flagship store in the heart of the city for a second time.
It had been open for six years and had a long list of employees who were moving on, said Mark Echeverria, the company’s chief operating officer.
He said the move was planned months in advance and had been in the planning stages for months.
Echeverrianas plan was to reopen the store in 2019 and open new stores at nearby locations, including in the Bronx and Staten Island.
It will be a good time for the flower shop’s customers, he said.
“We are really excited about opening new locations in New York because we know that there are more and more people who want to do their shopping online and there are many more opportunities in our marketplace,” Echevers said.
He added that the company was planning to hire an additional 100 people.
The new flower shop in the Park Avenue section of Manhattan has been open since 2012 and has had a few customers over the years.
But the owner, Daniel Pascu, said he was looking for a new place to open, and decided to give up the old shop after the closure.
“There were just so many places in the park, I had to make that decision,” Pascus said.
Pascu said that the decision was made after the store had a number and a half years of business under its belt.
He said he and his staff have been working on the store for a year, including opening new spaces for the next two years.
He will continue to serve the store’s customers and staff with the new locations, he added.