Department stores are the rare example of declining foot traffic by consumers in May, according to a report from Colliers.
These "middle-market" shoppers are migrating to value apparel channels like off-price, said the report, among the reasons why department stores saw their sales fall by 3% and foot traffic decrease by 2.8% over the year.
Nordstrom (down 11.48%) and Bloomingdale's (down 7.79%) fell well below the national average (-2.84%) with Macy's ticking fractionally higher.
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