The coronavirus pandemic is shining a light on U.S. department stores' dependence on selling fashion and their delay in adapting to retail today. A deal to save J.C. Penney is fizzling. Lord & Taylor, the oldest U.S. department store, is liquidating.
An analysis by commercial real estate services firm CoStar shows 14 of the 20 largest mall tenants are either apparel retailers or department store chains.
Nordstrom is preparing to reopen some of its department stores, following the lead of Macy's, offering a glimpse at how shopping will be different coming out of the coronavirus pandemic.