🏬 U.S. Retail Faces Unprecedented Store Closures Amid eCommerce Surge

In 2025, over 15,000 brick-and-mortar stores in the United States are projected to close, doubling the number from the previous year. Major retailers such as JoAnn Fabrics, Walgreens, Macy’s, and Party City are scaling back operations or shutting down entirely. This trend is driven by several factors:FingerLakes1

• eCommerce Dominance: Online giants like Amazon, Temu, and Shein continue to capture market share with competitive pricing and rapid delivery.FingerLakes1
• High Operational Costs: Expenses related to rent, labor, and logistics make physical locations less profitable.FingerLakes1
• Changing Consumer Behavior: Post-pandemic shopping habits have shifted, with more consumers preferring the convenience and selection offered by online shopping.FingerLakes1
• Economic Caution: Inflation, rising interest rates, and recession fears are leading Americans to spend less and save more.FingerLakes1

These closures underscore the growing influence of eCommerce on the retail landscape. FingerLakes1

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🔐 Temu Partners with IACC to Combat Counterfeiting

Global online marketplace Temu has signed a Memorandum of Understanding with the International AntiCounterfeiting Coalition (IACC) to enhance intellectual property protection and combat online counterfeiting. As part of this collaboration, Temu joins the IACC’s newly launched Marketplace Advisory Council, working alongside leading online marketplaces, payment providers, and global brands to set new standards in the fight against counterfeit goods. PR Newswire

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📉 Port of Los Angeles Sees 30% Drop in Shipments Amid Tariff Fallout

The Port of Los Angeles, the busiest container hub in the U.S., experienced a 30% decline in shipments in early May. This significant drop is attributed to the recent increase in tariffs on Chinese imports, leading to reduced trade volumes and impacting the supply chain. The decline highlights the broader economic implications of ongoing trade tensions between the U.S. and China. Yahoo Finance

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📦 Quick Commerce Market Set to Grow by 25% in 2025

The quick commerce market, characterized by rapid on-demand delivery of goods and services, is projected to grow from $104.1 billion in 2024 to $130.51 billion in 2025, marking a 25.4% increase. This growth is driven by factors such as increased internet and mobile device penetration, advancements in technology, improved logistics, and the convenience of shopping from home. Key players in this market include Delivery Hero SE, DoorDash Inc., Gopuff, and others. EIN Presswire