Dozens of regional and national chains have collapsed over the years, even before theCheck out these companies that have succumbed to changing tastes, the advent of shopping malls, poor business practices, and tough luck.Take department stores, for instance. A quick scan of any list of defunct department-store chains reveals that it's a business that doesn't take kindly to mistakes — or even just plain old bad luck.
Here's a list of department store chains that went under — or fell into an irreversible decline — before the retail apocalypse began raging:Marshall Field's survived the Great Chicago Fire and the Great Depression, but the Chicago-based department-store chain couldn't survive Macy's. The May Department Stores Company acquired the stores from Target in 2000. Then, five years later, Macy's acquired May and its assets.
Source: News Formal (newsformal.com)
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