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Fifth Avenue Vacancies Reflect Uptick In Retail Closures

PYMNTS

As retailers shutter locations from the heartland to big cities, the latest update on the state of retail from New York’s storied Fifth Avenue says that rents are falling and vacancies are rising – showing that even a flagship address can’t escape the realities of modern-day commerce. We’re in the middle of a multi-year retail purge.

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Analysts Predict 75K More Store Closings

PYMNTS

A new report by investment firm UBS warns that an estimated 75,000 stores are likely to shut down by 2026. Analysts said the closures would affect a variety of retailers, including an estimated 21,000 apparel stores, 10,000 consumer electronics stores and 8,000 home furnishing stores. We’re in the middle of a multiyear retail purge.

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Analysts Predicting A Big Year For eCommerce In 2017

PYMNTS

Going to be a good year for online retailers if analysts got their guess right. The study further noted that online retail sales growth has picked up just over 14 percent in the last year, and while there is expected to be some cooling there to 11.4

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PYMNTS Daily Data Dive: Blue Christmas

PYMNTS

A quarter of those were put toward building malls a decade ago — just before the online shopping boom began. While net retail sales have increased 31 percent since 2009, eCommerce has doubled in that same time. 31 percent | Net retail sales increase since 2009. regional malls that could close by 2026.

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Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. That market will grow at a 30 percent compound annual growth rate (CAGR) until then. “An

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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The tax may be a case for the government to boost its own coffers on eCommerce, anticipated to be worth as much as $200 billion annually by 2026, as estimated by the India Brand Equity Foundation (IBEF) late last year. That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020.

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Walgreens Plans To Shutter 200 Locations

PYMNTS

At that time, the retailer also shuttered 200 locations. In separate news, a UBS report warned that an estimated 75,000 stores are likely to shut down by 2026. spent $5,200 online in 2018, an increase of nearly 50 percent from five years earlier. The news represents the biggest round of store closures for Walgreens since 2015.