Why Aren’t More Department Stores Closing?
Manhattan’s iconic Bergdorf Goodman department store will also be closed starting today, according to a store representative. And a number of other department stores have taken steps towards closing, with Saks Fifth Avenue announcing just hours before Nordstrom that it would be closing its Manhattan flagship store on 5th Avenue, as well as its Bala Cynwyd store, for two weeks. JCPenney also agreed to temporarily reduce its store hours at all of its U.S. locations. Penney’s did officially close six of its stores, but only those located in Puerto Rico, where the government mandated the closing of all non-essential retailers, according to WWD.