By Tonya Garcia
Many retailers have shuttered their stores amid the COVID-19 outbreak. UBS analysts think a lot of stores will remain shuttered for good over the coming years.
Analysts forecast 100,000 stores will close by fiscal 2025, with apparel retailers the hardest hit at 24,000 closures.
Most categories will be impacted, with consumer electronics expected to see 12,000 closures, and home furnishings and grocery retailers at 11,000 closures each.
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