Sales, profits and margins have been stronger at off-pricers, and that won’t change any time soon, according to a UBS report ...

Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group of investors reportedly wants to take Macy’s private at a vulnerable ...

A wave of department store closures could hit in 2023, according to UBS analysts. Sales are stalling in 2022, but department store closures have stayed flat since early 2021. Analysts predict ...

CHICAGO (CBS) -- Brothers opened K's Department Store three quarters of a century ago – and now, one of them has to close it for good. The yellow and red storefront stretches across multiple ...

Macy’s announcement Tuesday that it will close 150 stores, or nearly a third of its total, is the result of a once-great department store industry in decades of decline. The gradual demise of ...

Department stores have been a frequent target of takeover attempts by investors looking to take advantage of prime real estate. By Lauren Hirsch and Stacy Cowley An investor group has submitted a ...