Everything Must Go! The Donald’s Tariffs Could Cause 12,000 Store Closures

Higher tariffs on Chinese goods could force 12,000 stores to close within a year and put $40 billion of sales at risk, the UBS analyst Jay Sole wrote in a recent 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.