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The holiday sales growth numbers of Macy’s and Nordstrom reflected the struggle that department stores are undergoing due to growing competition from online retailers like Amazon (AMZN).
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Many stores. the punishing Q1, Moody’s downgraded its credit rating deeper into distressed territory, to Caa1. Analysts with the ratings agency said in a note at the time that Penney is constrained.
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The great Q1 results from Walmart and Target indicate that these top players have been doing everything they can to keep up with both Amazon and the shopper’s needs – and that it’s working. But in the same week, the results from major department stores Kohl’s, JCPenney and Nordstrom illustrate that their efforts to adapt are not yet resonating with consumers.
Wal-Mart shares have lagged the broader market this year, but they are still up +9% (vs. +14.2% gain for the S&P 500 index), but Macy’s and the broader department store space been real laggards lately. The chart below shows the year-to-date stock market performance of Macy’s, the Zacks Department Store industry and the S&P 500 index.
Pentgono construir albergue temporal para ms de siete mil migrantes – Noticias de Mexico El Pentgono anunci el mircoles que construir un albergue temporal en la frontera de Estados Unidos con Mxico con capacidad para por lo menos 7.500 adultos migrantes que sean puestos bajo custodia del Servicio de Control de Inmigracin y Aduanas de Estados Unidos. El Departamento de Seguridad Nacional (dhs por sus siglas en ingls) realiz [.]
Department and discount stores struggle to keep up on multiple fronts. The industry continues to grapple with the shift in demand to online shopping, and in-store customer service is not living up.
offering potential inspiration for any Debenhams stores that struggle to find buyers. We look at four ways former retail buildings are being given a new lease of life. Havens department store in.
Department stores struggled in the first quarter while discount chains fared much better, as a whole, in terms of earnings, revenue and stock performance, based on earnings reports released in the last two weeks. Macy’s Inc. was one of the few bright spots for a retail segment that is dealing with a host of issues.
The Salvadoran Siman Group, a conglomerate that operates franchises for Zara, Zara Home and Massimo Dutti and the department stores Aliss, Yamuni, Carrion and Ekono has announced expansion plans. In 2013 the Siman Group will open a new 10,000 square meter store in the new stage of multiplaza del este mall which will generate 250 jobs.
Bankruptcy Is Near for This Struggling Department-Store Company Bon-Ton Stores is losing money at an alarming rate, its balance sheet is in tatters, and suppliers are starting to bail out. Adam.