Company News, Financial News

Retail’s Worst Year… Ever?

Expect store closures through 2025, says UBS.

Wanna buy a retail REIT…cheap? These days, the Great Recession is looking, well, pretty great, compared to 2020, according to UBS Analyst Jay Sole. In a note to clients, he pointed out that going back over the past 20 years, the worst year for retail closures was 2009, when 2% of stores closed. “Our forecast calls for 2% of stores to close every year into 2025,” said Sole. The UBS analyst isn't alone in his pessimistic outlook for brick and mortar retail. Coresigh...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters