To get back the type of productivity they knew a year ago, experts are saying department stores nationwide will need to close as many 800 locations – or about 20 percent of all anchor retail stores in the U.S. Those closures are not exactly evenly...
April 26, 2016
How might the department store business be fixed? By closing hundreds of its businesses. That’s essentially the finding of a new study by real estate research firm Green Street Advisors. As The Wall Street Journal shares, Green Street estimates that, for U.S. department stores to return to their productivity of a decade ago, approximately 800 […]