U.S. department stores are navigating hard.

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24 December 2016 à 14h46

Updated on 10 May 2019 à 18h07

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1 minute

Publication: 24 December 2016 à 14h46, Updated on 10 May 2019 à 18h07

Reading time: 1 minute

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Publication

24 December 2016 à 14h46

Updated on 10 May 2019 à 18h07

Reading time

1 minute

Publication: 24 December 2016 à 14h46, Updated on 10 May 2019 à 18h07

Reading time: 1 minute

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The U.S. Commerce Department reported that in September 2016, department store sales fell by 6.4% year-on-year, compared to an increase of 6.1% for restaurants and bars and 11% for online sales. A core weakness of department stores is falling prices. In early 2017, Macy’s will close 100 department stores, reducing their footprint by 15%.

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