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Aug. 7, 2024
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Retail

‘Time is running out’ for department store recovery: Bain

August 7, 2024

A majority of American shoppers hold a negative opinion of large-scale retailers. Image credit: Bain & Company In North America, department store sales have declined at a compound annual rate of 6 percent from 2018 to 2023. Image credit: Bain & Company

 

By Zach James

While wholesalers throughout North America struggle to find their footing, global consulting firm Bain & Company is outlining a path forward.

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