Commercial Desert: One in Four Stores Closes, Surge of Foreigners
The article discusses the alarming trend of store closures in Italy, with one in four shops shutting down by 2025, driven by a significant influx of foreign-owned businesses amid a demographic shift.
Italy is experiencing a rapid commercial desertification, with projections indicating that by 2025, the closure rate of kiosks and storefronts will increase to 3.1%, which is a 50% rise from the previous rate of 2.2%. Over the course of 13 years, from 2012 to 2025, approximately 156,000 commercial establishments are set to disappear, culminating in one in four shops closing permanently. This trend reveals a stark contrast between the 290,000 closures of Italian-owned stores and the opening of 134,000 foreign-owned businesses, highlighting a significant demographic transformation within the retail landscape of Italian cities.