An Insane Number of Retail Stores Could Close By 2025 as Amazon Takes Over

(Source: TheStreet.com) New research out of UBS estimates that for each 100 basis point increase in eCommerce penetration as a percentage of total U.S. retail sales (currently 16%), an additional 9,000 stores would have to close to maintain existing levels of sales per square foot. At least maintaining current levels of sales per square foot is …