The retail apocalypse is far from over as analysts predict 75,000 more store closures

As e-commerce sales continue to grow, tens of thousands of stores are set to shutter, according to a report released by UBS.Analysts predict that e-commerce penetration is set to rise to 25% by 2026, up from its current position at 16% of total retail sales. If that happens, roughly 75,000 retail stores - excluding food - will have to close up shop over the next seven years...
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