The bad headlines just keep coming: “Woes deepen at US Department Stores” (Financial Times), reporting tough times at Macy’s, Kohl’s and Dillard’s; “Department Stores Sales Sag” (The Wall Street Journal) on the struggles at Nordstrom and Hudson’s Bay (Saks Fifth Avenue and Lord and Taylor).
We now know that the current rate of store closures is unprecedented, and retail bankruptcies in 2017 already outstrip the 2016 total.
