Deep DiveUS Department Stores—Real Estate Insights: The Strategic Real Estate Reset from Flagships to Footprint Aditya Kaushik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research November 24, 2025 Reasons to ReadDiscover how US department stores are adapting to changing consumer behaviors and evolving real estate strategies in the post-pandemic retail landscape. This report is part of our Real Estate Insights series. Read this report to discover answers to these and other questions: What is driving the contraction in the US department store market? How are Macy’s and Kohl’s optimizing their store footprints for profitability? Why are smaller, off-mall stores becoming a core strategy for leading department stores? How are partnerships like Kohl’s and Sephora boosting store traffic and sales? What new metrics are department stores using to measure store productivity in a post-pandemic world? Companies mentioned in this report include: Belk, Dillard’s, JCPenney, Kohl’s, Macy’s and Nordstrom. Data in this report include: US department store market contraction projections; store openings and closures; sales growth and foot traffic changes; store productivity metrics and partnerships. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 6: US Consumer and Retail FocusAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John MercerFour Technologies Retailers Can Use to Enchant Consumers: Insights Presented at CES 2025CEO Brief: Intelligent Inventory—Achieving Inventory Excellence
