Struggling department store chain closing stores, no bankruptcy

A well-known department store chain, which has been in operation for 158 years, is facing significant challenges as it closes several locations and struggles to pay its bills. This situation has led some vendors to slow down shipments, raising concerns about the brand's future. The company's efforts to preserve cash highlight the ongoing difficulties in the retail sector, where adaptation is crucial for survival. This news matters because it reflects broader trends in retail, where even long-standing brands are not immune to financial pressures.