An over-stored landscape and the move to omnichannel is taking a toll on retail real estate. Here’s a rundown of store-closure plans by some of the country’s largest chains.
“Retailers continue to face a challenging environment in 2016, with Macy’s becoming only the latest top name to announce a wave of store closings this year. Macy’s said it will close 100 of its 675 full-line locations amid falling profitability. The department-store chain is only one in a list that ranges widely from specialty apparel to sporting goods.”