The retail model is in retreat. But that doesn’t mean it — or its billions in sales — will disappear any time soon.

Macy’s will close 14 department stores across 12 states this year, according to an internal memo from the company's CEO.

Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of those transformations may catch shoppers by surprise. The retailer said in late ...

Shopping malls across the US are transitioning away from large department stores and adapting to the needs of their local markets. The rise of e-commerce has significantly impacted traditional retail ...

Department stores have long been anchors of American retail, but many have struggled to adapt in an era dominated by e-commerce, discount chains, and shifting consumer habits. While no bankruptcy is ...