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Penneys Store Closings in South Dakota Indicate Retail Shift

Penneys Store Closings in South Dakota Indicate Retail Shift

Photo: WNAX


The news last week that JC Penneys stores in four South Dakota cities would close, was the latest in a string of major changes in retailing.
Penneys stores will be closing later this year in Yankton, Pierre, Mitchell and Watertown. That joins other closings like Gordmans, and Vanity.
South Dakota State Retailers Association Executive Director Shawn Lyons says national chains are all facing strong
challenges….

Lyons says they are seeing growth among the small, independent retailers across the state…..

Lyons says many retailers are reacting to a changing economy…..

Lyons says it will be critical for Congress to close the loopholes that allow online retailers to avoid paying state sales taxes.

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