Virus pushes iconic American department stores like Macy's to the brink

New York (AFP) - The Macy's department store located two blocks from the Empire State Building in New York City is a stop on many tourists' itineraries, but visitors may need to find another shopping temple once the coronavirus pandemic is over.Iconic American department store chains like Macy's, Nordstrom and JCPenney are in a fight for survival as the coronavirus pandemic forces them to close and lay off their employees, worsening their already precarious financial situation.Sales of clothing and accessories dropped by more than half in March, according to the Commerce Department, and the nu...

Read More