Dress stores are the new big sellers in the retail sector.
They are a $1.3 trillion business, with an average revenue per store of $3.2 billion, according to data from Kantar Worldpanel ComTech.
The market has continued to see a slow decline since late-January.
And the decline has come as retailers continue to grapple with their own quarterly losses.
The retail industry has struggled since mid-December with the worst winter weather in decades, forcing many stores to close for the year.
Retailers have said that they need to find new ways to keep pace with a changing consumer landscape and that they have to continue to expand their stores in order to keep up.
But the decline in retail sales has also coincided with a drop in the number of people shopping in stores.
“The trend is a very, very gradual decline,” said David A. Stuckey, senior vice president at the American Council of Trustees and Alumni.
“People are going back to where they were when they started, and people are going to go back to stores because they are not going to have that much to do in terms of spending,” he said.
In a survey released Friday by the National Retail Federation, 46 percent of consumers said they would shop at a store only once or twice a week.
The number of shoppers returning to the store fell from 22.5 percent to 16.4 percent.
That was the largest decline since February 2008, when shoppers were down 20 percent in a single month.
Some retailers, such as Macy’s, have started closing stores to save money.
Macy’s said it had to cut 40 percent of its stores because of the winter weather.
The company said that the winter is one of its biggest challenges.
The retailer is also working to reduce its costs.
Macy said that it is hiring 400 people, which includes 200 seasonal workers.
But it still has to reduce costs and has not yet started the process of downsizing.
“Macy’s is going to continue taking the right actions to address the challenges of our current fiscal environment,” said Paul K. Smith, the company’s president and chief financial officer.
“But the important thing is to get back to what you have done well in the past, and we’re not going back there,” he added.
Macy will keep opening more stores to help keep pace in the new economy.
The group is also increasing its number of locations, expanding its reach, and adding more stores in cities where the economy has picked up, like New York City, Philadelphia, and Dallas.
Macy reported that it sold a record $1 billion worth of apparel and accessories during the fourth quarter.
That is a 14 percent increase from the third quarter and a record high for a year.
But overall, Macy said it will only open 2,000 stores this year, down from 4,000 a year ago.
Macy is not the only one to see sales decline in the wake of the colder weather.
Sears Holdings Corp. said Friday that it was cutting more than 1,400 jobs across its U.S. stores.
Sears said that while the store closings were hurting its bottom line, they were offset by a $2.4 billion benefit to its revenue from the sales of the Sears brand.
Sears is also looking to close its smaller stores in the future.
“We will close more than half of the remaining stores in 2018,” Sears CEO and chairman Howard Simon said in a statement.
“Our stores will be closed in the fall and into the winter.”
The retail sector has suffered a lot this year.
Sales fell nearly 9 percent in the fourth-quarter compared to the same period last year, according with The Associated Press.
That decline has also been driven by a steep decline in spending, as shoppers have cut back on spending to save for their next holiday season.