When the Maas Bros. department store chain went defunct in 1991, Burdines was there to replace it. In 2004, Burdines was wiped away as stores were converted to bear the Macy’s name.
But when the time comes, what will replace Macy’s? Probably not another department store.
Department store chains have defined the way Americans have shopped in traditional malls for decades. But in recent years, those household name brands have reported significant sales losses year over year, and they are shuttering stores faster than they’re opening them. Some experts say it’s because department stores are antiquated and they’re failing to keep up with the fickle demands of younger shoppers. Maybe that’s why fewer shopping centers are relying on traditional department stores to be the anchors they need to draw new customers these days.
Read more here.
