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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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Jun 9, 2026 / Tyler Durden
4 California School Districts Under DoJ Review Over Gender Ideology, Sex Ed Policies
4 California School Districts Under DoJ Review Over Gender Ideology, Sex Ed Policies
Authored by Kimberley Hayek via The Epoch Times,
Four California public school districts face federal inquiries into whether their policies and practices regarding instruction on sexual orientation and gender ideology violate students’ civil rights.
The districts under Justice Department review are all in Northern California, with three in Monterey County—Graves Elementary School District, Santa Rita Union School District, and Soledad Unified School District—as well as San Francisco Unified School District. Their students range from pre-kindergarten through 12th grade.
The reviews...
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May 30, 2026 / Jacob G. Hornberger
The US Bares Its Fangs against US Citizens
The fangs of the US Empire are now being bared against not only the Cuban people but also against the American people. The Empire has issued subpoenas to two American citizens — Medea Benjamin, founder of Code Pink, and Hasan Piker requiring them to provide Empire officials with detailed information about a trip that Benjamin […]
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May 15, 2026 / Tyler Durden
US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
Prompt Brent/WTI crude nearby futures increased by 5/7% week-over-week to $105/101 as flows through the Strait of Hormuz remained very low and on limited signs of progress on a US-Iran deal.
Meanwhile, as global oil inventories collapse at a record pace yet sliding Chinese demand and strategic releases from Beijing keep crude prices relatively stable, Goldman writes that the US gasoline market has become very tight, with inventories drawing at a rapid average pace of 0.7mb/d since April 1st to 5% below their...
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