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‘People aren’t spending’: stores close doors in ‘oversaturated’ US retail market

Boarded-up shops are a common sight in cities across the country as Macy’s, Sears and JCPenney struggle and Credit Suisse downgrades the retail sector

Canal Street was never a high-end retail experience. But, like many streets in New York City and in cities across the US, it is becoming increasingly desolate.

Boarded-up stores line the thoroughfare that bisects much of lower Manhattan. Many stores that are still open for business also display signs that read “for lease” or “for rent.

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Original Source Link: https://www.theguardian.com/us-news/2017/mar/26/us-retail-stores-market-macys-sears