• In an attention grabbing headline, UBS analysts speculate 75,000 stores will close by 2026 because of rising ecommerce. Clothing stores will be hit the hardest with approximately 21,000 closures, followed by home furnishings and home improvement retail stores.
    • Takeaway: The UBS proclamation has a couple of issues. First, the bank’s methodology for calculating this number assumes that all products purchased online are being shipped directly to the customer, when some could be picked up in store given the growing “buy online, pickup in store” movement. Second, it doesn’t call out the actual cause of 80-90% of the closures: overexpansion and too much debt. The bottom line? Some stores will close, but 54% of NRF-surveyed retailers plan to open more stores in 2019.
  • Allbirds is the latest to jump on the Earth Day band wagon as more brands and retailers use it as an opportunity to highlight their corporate social responsibility efforts.
  • There may be trouble in cannabis paradise for MedMen as it struggles to maintain its chill image amidst accusations of irresponsible spending and mismanagement.
  • Propelled by the perfect storm of throwback styles, streetwear and logo love, the century-old brand Champion is cool again.
  • Fernish, a direct to consumer furniture subscription service has opened six showrooms in LA and Seattle. This follows IKEA’s announcement in February that it is testing the waters for a subscription furniture service—only in Switzerland for now.