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If you’re seeing increasingly more darkening storefronts and empty stores at shopping centers and malls, you’re not the only one. The retail apocalypse continues to ravage the U.S. economic landscape and the staggering number of closed stores illustrates the severity of the hurricane blowing through the sector over the past few years. However, since the burst of the sanitary outbreak, the industry’s downfall seems to have been greatly accelerated, and now major US retail chains and shopping malls are on the edge of extinction as new consumer preferences might have changed the market for...

By ABHA BHATTARAI | The Washington Post | Published: April 16, 2021 Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See more staff and wire stories here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription. Adrienne Whyte used to go to the mall twice a week, where she might meet up with her personal shoppers at Neiman Marcus and Saks Fifth Avenue or scour Macy's for bedding and kitchenware. But it's been well over a year since she set foot in a department store — and she isn't sure when, or wheth...

Struggling mall department stores have been pushed to the edge of extinction during pandemic Nearly 200 department stores have disappeared in the past year alone, and another 800 are expected to close by the end of 2025. Construction at the former Collin Creek Mall in Plano last month. The J.C. Penney store was the last to close at the mall, which is being turned into a mixed-use project.(Jason Janik / Special Contributor) Adrienne Whyte used to go to the mall twice a week, where she might meet up with her personal shoppers at Neiman Marcus and Saks Fifth Avenue or scour Macy’s for bedding ...

Operator Good day, everyone, and welcome to the Estee Lauder Companies fiscal 2021 second-quarter conference call. Today's call is being recorded and webcast. For opening remarks and introductions, I would like to turn the call over to the senior vice president of investor relations, Ms. Rainey Mancini. Rainey Mancini -- Senior Vice President of Investor Relations Hello. On today's call are Fabrizio Freda, president and chief executive officer; and Tracey Travis, executive vice president and chief financial officer. Since many of our remarks today contain forward-looking statements, let me r...

Department store chain Belk to file for Chapter 11 bankruptcy, private equity firm Sycamore to retain control CNBC 1/26/2021 Lauren Thomas The department store chain Belk announced it plans to file for Chapter 11 bankruptcy, marking the latest mall-based retailer to do so during the Covid pandemic. Private equity firm Sycamore is set to retain majority control of Belk as part of the restructuring agreement, the company said. Belk said it expects to emerge from bankruptcy by the end of next month. © Provided by CNBC Belk department store The department store chain Belk ann...