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UBS Sees 80,000 Stores Closing By 2026

VMS

APRIL 7, 2021

In a research note UBS published this past Monday, it predicts nearly 80,000 retail stores – roughly 9 percent – will close permanently by 2026, according to Fortune. The forecast comes as the total percentage of e-commerce retail sales continue to jump. In addition, roughly 7000 home furnishing stores are also likely to close.

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

VMS

JANUARY 14, 2022

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. General merchandise stores, up 15.2

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