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UBS Sees 80,000 Stores Closing By 2026

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The forecast comes as the total percentage of e-commerce retail sales continue to jump. Currently at 18 percent, UBS predicts e-commerce sales will climb to 27 percent. The note also predicted apparel retailers will be the largest group impacted by growing e-commerce. UBS said nearly 21,000 apparel retailers could close.

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NRF Says 2021 Holiday Sales Grew 14.1 Percent to Record $886.7 Billion

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WASHINGTON, January 14, 2022 – Retail sales during 2021’s November-December holiday season grew 14.1 billion, easily beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions and the ongoing pandemic, NRF said today. percent over 2020 to $886.7