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40,000 U.S. Retail Stores Could Close By 2030
40,000 U.S. Retail Stores Could Close By 2030
UBS consumer analyst Michael Lasser told clients that a further rise in e-commerce penetration, from about 22% today to as high as 27%, could force the closure of 40,000 U.S. retail stores by 2030.
The warning comes as more than 10,000 stores have closed since late 2023, and shows how the shift to e-commerce is pressuring brick-and-mortar retail footprints nationwide.
Lasser's forecast is that e-commerce penetration rates in the U.S. will top 27% by the end of the decade, up from the current 22%.
Many...
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More Than 227,000 US Property Foreclosure Filings In First Half Of 2026
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Authored by Naveen Athrappully via The Epoch Times,
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Zelensky Touts That 20 Countries Seek Ukraine Drone Deals
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Ukraine is emerging as a global drone export powerhouse, coming fresh off vast experience gained in over four years of war with Russia - or at least that's the image Kiev is seeking to present to the world.
Ukrainian President Volodymyr Zelensky said Monday that nearly 20 countries are pursuing drone agreements with Ukraine, with four deals already finalized.
via Reuters
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