Report: 75,000 retail stores likely to shutter by 2026

About 7% of retail stores, or 75,000, will likely close by 2026, per a UBS report, which notes that a process of “store rationalization” will continue. The report indicates that online sales will grow to 25% of the market share and that clothing stores, consumer electronics stores and home furnishing stores will take the largest hits. Read the Forbes story here

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