UBS expects 50,000 store closures in the U.S. over the next 5 years after pandemic pause

A pandemic shakeup in 2020 led to a surge in store closures, coupled with dozens retailers filing for bankruptcy, which emptied out shopping malls and left vacancies scattered along the streets major markets including New York City.  The aftermath, though, was a temporary relief from closures, as companies took the chance in 2020 to quickly slim down their store...