I could see an argument that the fall of Macy's and Bloomingdale's represents a shrinking upper/middle class, such that there are no longer people with time and money to spend on clothing in their stores. I could see some merit to the idea that this indicates a downward trend of the average person's wealth, and what that says about America/Americans.
I don't really care about that though, when there's also fascism. Maybe after the fascism is gone, I'll care about sad rich folks.