The Death of the Department Store: ‘Very Few Are Likely to Survive’

By artappraiser on Wed, 04/22/2020 - 2:17am |

“The Neiman Marcus Group, the most glittering of the American department store chains, is expected to declare bankruptcy in the coming days, the first major retailer felled during the current crisis.” https://t.co/iWYj077Io8
— Joe Scarborough (@JoeNBC) April 21, 2020

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https://www.nytimes.com/2020/04/21/business/coronavirus-department-stores-neiman-marcus.html

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MASSIVE and permanent changes to retail due to coronavirus, projects UBS:

* 100,000 stores will close
* Online share of all retail will go from 15%-25%
* Big get bigger - Walmart, Target and Costco thrive
* Amazon etc. also obvious winnershttps://t.co/B02TKEKz1A
— mims (@mims) April 23, 2020

I wonder what's going to happen to all those young women who like to say their career is in "retail"?

by artappraiser on Thu, 04/23/2020 - 3:44pm

The Gap says it has stopped paying rent on its closed stores and warns that it might not be able to fund its business for much longer https://t.co/CD8vpNxKoz
— Chicago Tribune (@chicagotribune) April 24, 2020

by artappraiser on Sun, 04/26/2020 - 12:43am

The Death of the Department Store: ‘Very Few Are Likely to Survive’

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