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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.

Updated 1 hour ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: The end of the Omicron wave is in sight — Transplants rebound from COVID lull — Omicron hits American hospitals disproportionately hard
  2. Vaccines: WHO: No evidence that healthy children, teens need boosters — Kids' COVID vaccination rates are particularly low in rural America — Starbucks drops worker vaccine or test requirement after SCOTUS ruling
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies— Government website for free COVID tests launches early
  4. World: WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older
  5. Variant tracker

Highlights from Biden's marathon 2-hour press conference

President Biden answers questions during a news conference in the East Room of the White House on Jan. 19. Photo: Chip Somodevilla/Getty Images

President Biden Wednesday marked the end of his first year in office with a marathon press conference from the White House East Room, during which he defended his record in office and made headlines on several fronts.

Why it matters: It was only Biden's second solo presser while in office. The president said he would support splitting his flagship budget bill, the Build Back Better Act, to pass it in increments. He also called on the Federal Reserve to do more against inflation, and predicted that Russia will invade Ukraine.