Higher tariffs on Chinese goods could force 12,000 stores to close within a year and put more than $40 billion of sales at risk, UBS analyst Jay Sole wrote in a research note.
"The market is not realizing how much brick-and-mortar retail is incrementally struggling and how new 25% tariffs could force widespread store closures," Sole wrote.
Major chain-store closures peaked in 2017 as nearly 9,000 stores went dark, according to estimates from Cushman & Wakefield. More than 6,400 stores have...
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