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The Next Wave Of Department Store Closures Will Hit Philly Even Harder Than The Last
News

The Next Wave Of Department Store Closures Will Hit Philly Even Harder Than The Last

... near population and may have different demographic preferences from department stores. Retailers in need of distribution centers to keep ... the parking and traffic setups implemented for the department stores. Storage centers also have less concern for inside ...

Jan 28, 2019
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Middle Class
News

Decline Of American Middle Class Behind Department Store Slide

Department stores are the only group of retailers that lost money in ... chains, RetailDive reports. But you can’t blame all of department stores’ woes on Amazon—the shifting landscape of American wealth is ...

Aug 11, 2016
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Luxury retail
News

Oxford Street's Department Store-To-Office Conversions Fill Up

... off Oxford Street, as schemes that are converting defunct department stores to offices start to bear fruit. McDermott Will & ... building on Bond Street, Green Street News reported.  Department stores on and around the famous Oxford Street retail thoroughfare ...

Mar 17, 2025
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Macy's To Close 5 Stores, Lay Off Over 2,300 Employees
News

Macy's To Close 5 Stores, Lay Off Over 2,300 Employees

... its footprint in upcoming months. Macy's boasts 489 department stores, furniture and fulfillment center locations as of its 2023 ... third quarter earnings release. The closures of department stores across the country have allowed many mall owners to ...

Jan 19, 2024
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Macy's To Shutter 150 Stores In 3 Years In Latest Turnaround Effort
News

Macy's To Shutter 150 Stores In 3 Years In Latest Turnaround Effort

... plan in February 2020, closing 125 stores in the three years that followed. ... comes amid slumping sales for the legacy department store chain, as well as a looming ... been slowly contracting for years. In January, department stores suffered a 6.7% drop in sales ...

Feb 27, 2024
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Closed Retail Store Sign
News

45,000 Retail Stores Could Shutter In The Next 5 Years: UBS

... financial services firm also called out department stores, which are losing ground to discount retailers. Some department stores are closing locations already, like Macy ...

May 01, 2024
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The Department Store Isn’t Dead
News

The Department Store Isn’t Dead

... is also expanding into brick-and-mortar — even small department stores — to obtain useful customer data and provide new ... In recent years, millennials have felt completely alienated by department stores, and I believe Bloomingdales is looking to change that ...

Nov 22, 2021
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Head and shoulders James France head of property
News

Weekend Interview: Frasers Head of Property James France On Why The Retailer Is Investing Big In Physical Stores

... flagships under the Frasers and Flannels department store badges and its Sports Direct stores, particularly the jewel in its crown ... consistently mentioned, one of the main barriers to keeping department stores open is the flawed business rates system [a ...

Mar 03, 2023
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Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls
News

Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls

... in Q4 2021 and had higher foot traffic than traditional department stores, Chuck DiGiovanna, head of real estate for Macy’s,  told ... more narrow selection than what is found at department stores. Some of the smaller stores will open in areas where Macy’s is ...

May 03, 2022
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Nordstrom Sets New Growth Path By Adding 22 Discount Stores
News

Nordstrom Sets New Growth Path By Adding 22 Discount Stores

... earnings call Tuesday, executives said that figure includes six Rack stores across California and two each in Florida, Georgia, North ... retailer. Macy’s just announced that it will close 150 stores, including its flagship store in San Francisco.  Nordstrom ...

Mar 07, 2024
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