Retail Apocalypse Predicted to Continue
Enterra Insights
MAY 13, 2019
Howland reports, “[UBS] analysts’ best case estimate is for 75,000 stores to collectively shutter by 2026, if e-commerce penetration rises from today’s 16% to 25%.” UBS store closure estimates for various sectors are: Apparel (21,000 closures), consumer electronics (10,000), and home furnishings (8,000).
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