UBS Predicts 80k More Retail Stores Will Close in U.S. by 2026

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A Jos. A. Bank store loca­tion in San Fran­cis­co announces its per­ma­nent clo­sure on Aug. 6.David Paul Morris/Bloomberg via Get­ty Image­sAlthough the pace of store clo­sures has slowed from its 2019 peak, don’t expect the reprieve to last long, accord­ing to a new UBS report that sug­gests Amer­i­ca still has far too much retail space per capita.At the end of last year, there were 115,000 shop­ping cen­ters — a fig­ure that includes strip cen­ters, malls, out­let and oth­er lifestyle cen­ters — across the U.S., com­pared with 112,000 in 2010 and 90,000 in 2000, UBS found in an analy­sis using data from the Inter­na­tion­al Coun­cil of …

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