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Dept stores struggle as 32 stores to close amid sales slump
The department store industry announces the closure of 32 Lord & Taylor locations as part of a broader trend to revive business. While discounters and apparel chains gain, shoppers cite a need for better product lines and value. Same store sales lag while discount and wholesale clubs show strength.
MENTIONED IN THIS ARTICLE
New York
Lord & Taylor
Department
Wal-Mart Stores Inc
Target Corp
Kohl's Corp
Michael Niemira
Bank of Tokyo-Mitsubishi Ltd
Laura Coyner
Coyner
West Palm Beach
Fla
Leonor Delgado
San Antonio
Bank of Tokyo-Mitsubishi
Kohl
Sears, Roebuck and Co
Kurt Barnard
Barnard’s