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- UBS estimates roughly 75,000 more stores need to close in the U.S., should e-commerce penetration grow to 25% by 2026, from 16% today.
- Within that, about 21,000 clothing stores, 10,000 consumer electronics stores, 8,000 home furnishing stores and 1,000 home improvement stores should close, UBS says

https://www.cnbc.com/2019/04/09/75000-more-stores-need-to-cl...
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I saw that story yesterday on cnbc and again on the Nightly Business Report.
Does not bode well for the lesser mall REITs and SKT, if UBS' forecast pans out.

David
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spg will be fine
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e-commerce penetration is inevitable. More and more folks are slowly getting used to it. It is re-shaping retail as we speak and the current real-estate serving retail will be reshaped. The supply destruction has not happening yet. Store closing is not translating into retail space getting re-purposed. It could present opportunities and risk. Investors needs to be on top or avoid this sector.
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spg will be fine what about its stock?
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Local SPG mall has signs up on the old Sears. Being repurposed into 4 different stores. 3 of them recognizable names. One of them some sort of storage business I've not heard of.


News today of Amazon looking at a bunch of empty Sears and K-Mart boxes for Whole Foods sites.
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spg stock will do well, David Simon is perhaps the finest ceo in the US, not just the fines reit ceo. Suit yourself.
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