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January 6th, 2017

Death of department stores? Macy’s, Sears, Kmart close dozens of local branches

Shopping malls may have seemed packed during the holidays, but it turns out 2016 was a better year for online shopping. Now some iconic department stores are announcing closings of brick-and-mortar stores as well as layoffs. Macy’s is closing 100 locations and laying off 10,000 employees. NBC’s Tom Costello reports for TODAY from a Macy's in Virginia.

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