More Than 50,000 US Stores Will Close By 2027 According To UBS

David Icke | May 31, 2023

Over 2,000 stores across all retail sectors have closed in the past 12 months according to a recent report from UBS retail analyst Michael Lasser (available to pro subs in the usual place), and that is just the beginning. “As of 3Q’22 (latest available data), retailers shed -1,500 net stores. This number is already up significantly in ‘23 with the likes of Bed Bath & Beyond, Foot Locker, Tuesday Morning and others closing stores recently” the UBS economists wrote.

“We believe this trend should continue in the years to come, with consumers consolidating their trips and shifting towards online channels. As underperforming retail stores are shuttered, it should help the store productivity of surviving locations,” the report authors said, and predicted that over the next 5 years, “another 50,000 stores will close on the current store base of ~940K stores in the US (ex. gas and food service).”


3 Comments on More Than 50,000 US Stores Will Close By 2027 According To UBS

  1. They tried their best to kill mom ad pop shops with big chain stores, they tried again with the plandemic lockdowns and they will kill all but the biggest chains where they will be able to fully control what you buy, how you buy it, all relative to your Social Credit Score System and your Carbon Footprint.

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