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Illustration: Aïda Amer/Axios

Owners of independent brick-and-mortar businesses have a bleak outlook of the competitive threat posed by online shopping.

Driving the news: A new survey of local U.S. retailers published by Shopify Thursday shows that 82% of respondents agree that major online marketplaces are making it more difficult to operate.

Why it matters: The pandemic accelerated the decline of retail stores and this latest study adds to the expectation that more than 150,000 stores may close in the next five years.

  • About 89% of local retailers surveyed say they are in competition with online retailers.
  • And of those, 59% say they may be forced to close their business within the next 24 months.

State of play: In some cases, businesses are using their stores as last-mile delivery solutions to complement their e-commerce strategy — fulfilling online orders while providing a local presence.

Go deeper

Inflation hits online shopping

Expand chart
Data: Adobe Digital Economy Index; Chart: Connor Rothschild/Axios

The deals you’re getting online may not be as good as what you were getting a year ago.

Why it matters: Shoppers have long understood that it’s cheaper to buy goods online than in brick-and-mortar stores.

Felix Salmon, author of Capital
49 mins ago - Economy & Business

Investors pour millions into immersive, interactive art experiences

Photo Illustration: Megan Robinson/Axios. Photo: Martin Bureau/AFP via Getty Images

How much would you pay for "a sleek, if pleasantly confusing, package of moods" or "a confusing tangle of disjointed installations" or even "the total erosion of meaning itself"? The answer, according to the current market-clearing price, seems to be about $35.

Why it matters: Investors are pouring hundreds of millions of dollars into ticketed experiences — immersive, interactive museum-like spaces that don't have the d0-not-touch stuffiness of traditional museums.

Special Envoy for Haiti resigns over Biden deportations

Daniel Foote testifies during a Senate Foreign Relations Committee hearing on May 26, 2016. Photo: Drew Angerer/Getty Images

The Special Envoy for Haiti on Wednesday resigned from his position, writing in his resignation letter obtained by PBS that he "will not be associated with the United States inhumane, counterproductive decision to deport thousands of Haitian refugees."

Why it matters: Ambassador Daniel Foote's resignation comes amid heightened anger over the treatment of Haitian migrants and asylum-seekers living in a temporary encampment in Del Rio, Texas — especially after images surfaced of Border Patrol agents whipping at the migrants from horseback.