UBS: Ecommerce growth will lead to 83,020 store closures

The growth in e-commerce revenue from 16% of total U.S. retail sales currently to 25% by 2026 will lead to the closure of 83,020 stores, including 7,310 grocery stores, Michael Lasser and Jay Sole, analysts at UBS, estimated in an April 9 report to investors. The report was an update from a report last year that predicted 30,000 to 80,000 stores would have to close by 2025.

Additional Reading

UBS Report Sees Potential for More Waves of Store Closings (EMarketer)

75,000 more stores need to close across the US, UBS estimates, as online sales and Amazon grow (CNBC)

 

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