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Thread: The department store thread

  1. #1
    Rewind is offline
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    The department store thread

    The Motley Fool writer Rich Duprey is not optimistic about the future of two big department-store chains:

    Which will die first, Sears or J.C. Penney?

    https://www.aol.com/article/finance/...nney/23281177/

  2. #2
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    Does Santa now have a secretary and business manager?

    Macy's flagship store in New York City is requiring children to have an appointment to see Santa this year

    http://www.businessinsider.com/macys...-santa-2017-11

  3. #3
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    Bloomberg writer Sarah Halzack said today, "No category of retail seems to be feeling pain quite as much as department stores. Macy's saw its comparable sales sink 4 percent from a year earlier. JC Penney took a loss as it moved to unload apparel inventory that just wasn't selling. Kohl's said it struggled to sell clothes amid unseasonably warm weather. It all reflected a trend that has been clear for some time now: Department stores are in decline." In a short video, she explains that Amazon is far from the only reason department stores are suffering:

    Amazon and other e-commerce businesses are not the only department store threats

    https://www.bloomberg.com/gadfly/art...e-threat-video

  4. #4
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    Target stores are always remodeling and adding new displays but the Sears and Penneys stores look the same as they looked 40 years ago. Especially Sears.

  5. #5
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    These are rough times for any store not named Target or Walmart.

    J.Crew to close 50 stores as third-quarter sales plunge 12%

    http://fortune.com/2017/11/21/jcrew-stores-results/

  6. #6
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    Here is an interesting story from today's Los Angeles Times. Amidst the steady rise in online shopping, Sears, Toys Я Us and other chains are once again sending out catalogues -- real ones, printed on real paper!

    The old-fashioned mail-order catalog is making a comeback

    http://www.latimes.com/business/la-f...123-story.html

  7. #7
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    A three-year, very costly project is underway in Knightsbridge, London:

    Harrods begins £200m refurbishment, the biggest in the department store’s 170-year history

    http://www.telegraph.co.uk/business/...rtment-stores/
    Attached Images Attached Images

  8. #8
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    I said Sears never remodels their stores but I was wrong. The North Hollywood store has been remodeled. It's a lot smaller now but they put in new floors and an elevator. A lot of Sears stores are closing but I'm sure they won't close the North Hollywood store.

  9. #9
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    So someone thinks lynchings are something to joke about? Wow.

    'Rope. Tree. Journalist. Some assembly required': Walmart removes threatening shirt from website following complaint from journalist advocacy group

    http://www.time.com/5044596/rope-tre...d-threatening/

  10. #10
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    As Walmart shifts away from building new stores and focuses on competing with online giant Amazon, Wal-Mart Stores Inc. is shortening its name to Walmart Inc.

    Wal-Mart's new name: It's not just a store anymore

    http://www.msn.com/en-us/money/compa...D=ansmsnnews11

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