"These are never easy decisions, and we are committed to treating associates affected by these closings with respect and transparency." "We are closing locations that are unproductive or are no longer robust shopping destinations due to changes in the local retail shopping landscape, as well as monetizing locations with highly valued real estate," Macy's outgoing Chairman and CEO Terry Lundgren said in a press release. Meanwhile, Sears Holdings, which owns both Kmart and Sears, plans to close 108 Kmart stores and 42 Sears locations over the next few months. After a lackluster holiday season, Macy's has announced it will follow through on the promise it made back in August, and close at least 68 stores this year. While department stores have dominated shopping culture for more than a century, it seems their reign is coming to an end. If you thought it was going to get better in 2017, you're in for a rough ride. 154 Walmart stores closed, trendy '00s brands like Aeropostale went up in flames, and even the athletic outfitting giant Sports Authority took a final, shaky breath before shutting down for good.
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