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Wednesday, April 10, 2019

Retail Apocalypse: 75,000 More U.S. Stores Could Be Doomed

https://www.lmtonline.com/business/article/Retail-apocalypse-now-Analysts-say-75-000-more-13755644.php

Widespread closures have roiled the retail industry, but many more stores are likely to shut down in coming years to keep up with a shift to online shopping, according to a report by investment firm UBS.
An estimated 75,000 stores that sell clothing, electronics and furniture will close by 2026, when online shopping is expected to make up 25% of retail sales, according to UBS. Roughly 16% of overall sales are made online.

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