Unprecedented Decline: One-Fifth Of All American Department Stores Have Closed Since 2018

  • “In numbers compiled for this Forbes.com story, new research shows that since 2018 approximately 22% of all the department stores in the country have closed or will close before the end of the year.
  • This represents 798 individual department stores, including entire companies that have gone out of business, companies in chapter 11 bankruptcy proceedings who have announced closings and on-going retailers who have closed, or will close, selected units.”


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