A retail apocalypse is ripping through America, leaving clearance sales and empty malls in its wake. More than 3,800 stores are set to close across the US in 2018, leaving malls emptier than they have been since 2012.
An addiction to discounts has created big problems for department stores like Macy's, Sears and Kohl's.
The internet and specialty retailers are eating department stores' lunch.
As shopper habits change, traditional retailers are losing steam.
Department stores such as Macy's, Sears, and Kohl's need to break their old, bad habits and reinvent themselves—or face extinction.