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UBS Predicts 40,000 More Stores Could Close in the Next Five Years. Why Footwear Retailers Could Buck the Trend
Summary by WWD
4 Articles
4 Articles
Retail Apocalypse Claims 40,000 Stores—Main Street Vanishes…
American retail faces a potential collapse of historic proportions as a major financial analyst warns that 40,000 brick-and-mortar stores could permanently close their doors by 2030, threatening hundreds of thousands of jobs and fundamentally transforming Main Street commerce across the nation. E-Commerce Surge Threatens Traditional Shopping UBS consumer analyst Michael Lasser projects that online shopping will capture 27% of all retail sales by…
Coverage Details
Total News Sources4
Leaning Left0Leaning Right3Center1Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
C 25%
R 75%
Factuality
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