E-commerce could kill 30K stores and half a million jobs by 2025
E-commerce is hammering stores, shares a study appearing in RetailDive. Each e-commerce job kills four traditional jobs, and it may help close 30k stores in the next 5 years.
- E-commerce has been a net negative — an agent of "destructive destruction" — for the retail industry writ large, according to a new study from credit insurance company Euler Hermes. The study found that 56,000 stores, or 10.7% of the