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.
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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)