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    • Roughly 80,000 stores are expected to close over the next five years, according to a new UBS report.
    • The prediction follows a grim decade for the retail industry, dubbed the “retail apocalypse.”
    • Roughly one-quarter of American malls are expected to close in the next three to five years.

    Another 80,000 stores are expected to close over the next five years as the retail apocalypse continues to bear down on the US.

    That’s according to a new report released by UBS analyst Michael Lasser, which predicts that the total number of retail stores will drop from 878,000 in 2020 to 797,000 by 2026.

    In the early months of the pandemic last year, UBS predicted that 100,000 stores in the US would close their doors by 2025 amid the rise of e-commerce. The pandemic, analysts said, would result in shoppers permanently altering their shopping habits and accelerate a dependence on e-commerce over brick-and-mortar shopping.

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