17 photos show the meteoric rise and fall of Macy's, JCPenney, and Sears

Advertisement
17 photos show the meteoric rise and fall of Macy's, JCPenney, and Sears

In the past year, department store chains have announced a wave of location closures across the United States.

Advertisement

Macy's recently revealed plans to shut down 100 stores. In July, Sears said it's shuttering 43 US stores, in addition to the 265 closings it announced in early 2017. JCPenney released a list of 138 stores it will close this year.

All three chains are considering even more closures as they battle declining sales, largely due to changing consumer habits and the rise of online shopping.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

But these iconic stores weren't always hurting. Over the latter half of the 20th century, they defined and anchored the American shopping mall.

Take a look at the rise and fall of three formative department store retailers.

Advertisement