News Summary

• As big malls and department stores close, bargain chains like Ross Dress for Less are rolling out new stores.
• Other discount outlets, including T.J. Maxx, Dollar General, Nordstrom Rack and Five Below, are also expanding to capitalize on tough times.
• In contrast, some department stores are closing stores as part of its plan to reduce its footprint by 30%.
• Twelve more closures are planned in the coming months across the U.S., including Saks Fifth Avenue and Neiman Marcus.