Gap Inc. is moving away from the nation’s malls. The San Francisco-based brand was for decades a fixture at shopping malls around the country. Now it says it’s closing 220 stores by early 2024. The parent company is also shuttering 130 Banana Republic stores.

To get that monogram tote bag by Louis Vuitton or leather Flashtrek sneakers by Gucci, the go-to place had been luxury department stores. Not anymore. Now, there are far more options to access exclusive labels. You can buy them at online sites like Netaporter. Or get them barely used through sites like Fashionphile and The RealReal. You can even rent…

Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All of the stores will...

As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He’s been chairman, CEO, lender, and largest shareholder —...

Blake Nordstrom, who led the upscale department store chain Nordstrom as co-president with his brothers Erik and Peter, has died. He was 58. The Seattle-based company did not disclose the cause of death, saying Nordstrom passed away unexpectedly early Wednesday. Last month, Nordstrom said that he had been diagnosed with lymphoma, but that his cancer was treatable. Nordstrom Inc. said...