Another round of department store closures kicked off the new year with the closing of 200 stores by Macy’s and Sears, which also owns Kmart stores. Fortunately, the list of closings didn’t include the Sears or Kmart stores located here in Highlands County.
For many, the closings are just another sign of the inevitable future without department stores. Many people and news organizations speculate that the retail world is shifting to the likes of Amazon, Wayfair, Overstock and many other websites, so we won’t need department stores. Others speculate that retailers over-built during good economic times and closings are a correction and adaptation to consumer behavioral shifts.
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