Macy’s will close 14 department stores across 12 states this year, according to an internal memo from the company's CEO.

The retail model is in retreat. But that doesn’t mean it — or its billions in sales — will disappear any time soon.

Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of those transformations may catch shoppers by surprise. The retailer said in late ...

Shopping malls across the US are transitioning away from large department stores and adapting to the needs of their local markets. The rise of e-commerce has significantly impacted traditional retail ...

The department store anchored the mall for decades.