✉news BusinessRetail first seen 21 h ago, last 20 h ago, peak #31
Another century-old retailer is shutting down
Original: Another 100-year-old retailer closing its doors
A retailer with a history stretching back 100 years is preparing to close its doors, according to a report from TheStreet. The company becomes the latest in a long line of legacy American retailers to fold under pressure from e-commerce, changing consumer habits and rising operating costs. Shoppers and industry watchers are reacting with nostalgia and concern about the accelerating decline of traditional brick-and-mortar brands.
Why now: The closure of another long-established retailer fits into the ongoing wave of bankruptcies and store shutdowns across the retail sector.
Evidence
- Another 100-year-old retailer closing its doors · thestreet.com
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