E-commence will force approximately 75,000 U.S. stores to go out of business by 2026, according to data from UBS. It finds with each 1 percent increase in online penetration, some 8,000 to 8,500 stores will need to close.
Clothing store closures will total 21,000 stores out of the current 82,200. Consumer electronics stores will drop by 10,000 stores of the 39,000 currently standing. Home furnishings will lose 8,000 stores of its current 25,300, and home improvement stores will drop by 1,000 of the nation’s 14,500 hardware stores. And the number of grocery stores will fall by 7,000 from current 89,500 levels.
Thus far this year, more than 5,000 store closures have been announced by retailers, according to a tracker from Coresight Research. And foot traffic at some of the best shopping centers across the country peaked arou
