America's department stores, cornerstones in fashion, could be in their 'last stages'
September 01, 2020 at 11:04 AM EDT
The coronavirus pandemic is shining a light on U.S. department stores' dependence on selling fashion and their lateness to adapt in today's retail environment. A deal to save bankrupted J.C. Penney is stalled. Lord & Taylor, the oldest department store in the country, is liquidating.