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Creative Destruction: What it Is and Why it Could Wipe Out 500K Retail Jobs and 30K Stores

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Despite healthy spending by U.S. consumers, the shift to online has had a negative impact on the retail economy and continued e-commerce expansion is expected to eliminate 510,000 jobs and 30,000 more establishments by 2025. And that’s on top of the 56,000 stores–or 10.7 percent of the discretionary retail footprint–already lost since 2008, as well…

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