These are the most endangered large retailers in America. What this means for local economies and your wallet

Retail Industry Overview - America's major retailers, once central to shopping culture, are now facing significant challenges, with some on the brink of extinction, such as Sears and Kmart, while Saks Global has declared bankruptcy [1][4][6] - Retail analyst Mark Cohen predicts that Macy's may not survive another decade, highlighting the dire state of traditional retail [2] Company-Specific Challenges - Macy's: The company plans to close 14 stores this year as part of its "Bold New Chapter" strategy initiated by CEO Tony Spring in 2024, focusing on cost-cutting and profitability [2][3] - Saks Global: The parent company of Saks Fifth Avenue and Neiman Marcus is struggling with debt and poor performance, making bankruptcy a real possibility [4] - Kohl's: After years of searching for a turnaround and experiencing declining sales, Kohl's announced 27 store closures in 2025, heavily impacting its middle-income customer base affected by inflation and rising costs [5] Historical Context - The closure of Macy's historic downtown Philadelphia location, operational since 1911, underscores the vulnerability of even long-standing flagship stores in the current retail environment [3]