#26: Macy’s
We hate to say it, but the heyday of department stores is long gone. The decline of malls has also brought about the decline of giant department stores like Macy’s and Nordstrom. Surprisingly, Macy’s still exists. For now. Plenty of its competitors have gone under over the last few years.
Does anyone remember Robinsons-May? Older generations mourn the loss of these stores, while younger generations tend not to care. The rise of online shopping and fast fashion has really put a damper on department store popularity. Macy’s still exists, but they have to downsize every few years. At this point, closure is only a matter of time.