The retail apocalypse isn't over: it's coming back to bite department stores, experts warn

Dec 15 2022 by Business Insider

 

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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 companies like Kohl's and Nordstrom will be "under pressure" in the first half of 2023. 

A wave of closures may be coming for US department stores. 

That's according to analysts at UBS, who predicted this week that national chains could have to shutter some brick-and-mortar...

Continue Reading The retail apocalypse isn't over: it's coming back to bite department stores, experts warn