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50,000 U.S. retail stores forecast to close over the next five years

The shopping mall may not be dead, but that hasn’t dented the number of retail stores expected to close over the next five years. Between 40,000 and 50,000 shops could be shuttered, according to figures from Swiss investment bank UBS. The outlook is slightly better than during the pandemic, when 80,000 stores were expected to close, but the high...