Department Stores Need to Cull Hundreds of Sites, Study Say

Wall Street Journal, Apr. 24, 2016–Kapner, Susan

Department stores need to close hundreds of locations if they want to regain the productivity they had a decade ago, according to new research from Green Street Advisors. The real-estate research firm estimates that the closures could include nearly 800 department stores, or about a fifth of all anchor space in U.S. malls.