80,000 retail stores (9% of all stores) will close in the U.S. by 2026, according to a new report from UBS. E-commerce sales are projected to account for 27% of all retail sales by 2026, up from 18% now.
- By the end of 2020, there were 115,000 shopping centers, up from 112,000 in 2010 and 90,000 in 2000.
- So far this year, there have been 3,535 store openings and 3,169 store closures in the U.S.
- The most store closures in a single year on record was in 2019 when 9,832 locations shut down. This number fell to 8,741 last year.
- UBS projects clothing and accessories stores will see 21,000 closures — the most of any retailer.
- Home improvement, grocery, and auto parts retailers will see the fewest closures as they're the most inoculated from a surge in e-commerce sales.