Department stores, once brimming with discovery, a full range of merchandise and amenities like tailoring, food and child care, are struggling in a challenged retail environment. Years ago the mall planted the seeds of department stores’ demise, as they replaced 19th and 20th century architecture downtown with low-slung anchors in the suburbs and populated their developments with new competition. This type of retail is something of an endangered species today, but there are two merchants well positioned to weather the sea change, say analysts: Macy’s and Nordstrom. They’re both department stores facing extreme challenges, both in the midst of major changes. But these two stalwarts may be best positioned to survive.
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RETAIL DIVE 8/15/2017