Death of America’s department stores

From Bob Bryan:

Old-school retail has been getting walloped lately…..

Torsten Sløk, chief international economist at Deutsche Bank, has one chart in his monthly chartbook that lays out a pretty straightforward reason for the decline. In the chart, Sløk presents the startling decrease in the amount of income Americans spend on clothing….

Source: HERE IT IS: One brutal chart shows death is imminent for America’s department stores | Business Insider

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