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75,000 more stores need to close across the US, UBS estimates, as online sales and Amazon grow

Lauren Thomas

UBS estimates 75,000 more stores need to close in the U.S., should e-commerce penetration grow to 25% by 2026, from 16% today. Within that, about 21,000 clothing stores, 10,000 consumer electronics stores, 8,000 home furnishing stores and 1,000 home improvement stores should close, UBS says. Clothing retailers, consumer electronics companies and home furnishing businesses will need to close more stores across the U.S. as e-commerce sales proliferate, according to UBS.