American department stores are trying to be relevant in a new period of new consumer behavior.
As consumer preferences go through low-valuable comfort players like Amazon (Amzn), Walmart (Wmt), TJX (Tjx) and ross shops (Rost), Legacy department, facing a critical rating.
“All this has other alternative retailers (this) Walmart and target, … Supply in the Household Depot and Ulta and, of course,” Morningstar “analyst” Morningstar “analyst” Morningstar “said David Swartz.” The department facilities were created for a completely different customer. “
Like Macy’s (M), Nordstrom (Cwn) and Kohl’s (Kss) Continue with Turnaround attempts, brick and mortar department stores slowly journal, technological-native consumers look at players online. Since 2010, the department’s retail cost decreased by 44%.
Many have burned many to keep the roots as part of the roots and turning plans. Macy’s 66th store this year and 150 total of 150 years in the next three years, Kohl announced 27 store shutdown plans this Saturday. JCPenney, now private, recently shared plans Close eight stores After closing several hundred stores in Turnaround attempts in 2020 this year.
The efforts of revitalizing considerations facing the hoods growing up as US consumers are stubbornly, the signs of stress with high inflation and higher interest rates. Now, The effects of tariffs to inflation, Consumer behavior and retail costs are watching another wild card analysts.
Kohl’s CEO, requests for consumers under $ 100,000 per year and especially for those less than $ 50,000, said it was restricted to consumers.
“The S & P global director told Amanda O’Neill to Yahoo Finance.” Amazon Walmart is a winner. Costco is a winner. … Then you have bricks and mortar places like a retailer. You also have to be without trouble through Omnichannel. “
People announced that the company was closed on January 13, 2025, 2025, on January 13, 2025 with more than 60 others. (Spencer Platt / Getty Images) ·Spencer Platt with Getty Images
Macy’s, Nordstrom looks in green shoots, but the challenges remain
Macy’s, Nordstrom, Kohl’s and others, searches with others, department stores are looking to bring back customers.
Macy continues to be an important channel for brands such as the largest store company and Ralph Lauren in the United States (RlSaid Swartz. However, there is a weakness to argue.
Macy’s, which is very important for retailers given to the holiday season in the fourth quarter The common same store sales increased Total 0.2%. Compared to In general, US retail0.7% of the month in December. Macy also warned that the income will take a hit because of President Trump’s tariffs and based on the value of consumers.
However, when Macy’s attempts to apply to the growing challenges, the patience of investors wear thinners. The shares are 33% in the last year, and now in December 2023, the Arkhouse management and brigade capital management is low in 2011.
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Macy can put forward a way, retail managing director Neil Saunders Yahoo Finance, “As far as the tunnel can see the light,” said Yahoo Finance. “
Some efforts begin to give fruit. The seller saw more marketing, employee and assortment of 1.2% of the same store sales in the first 50 stores.
“Macy’s is in the investment process,” said Saunders. “There are signs that some of what they do.”
In December, the company, which has about 33% of the company, came together, the family of the founder Retail and Real Estate in El Puerto de Liverpool Take the company private. Both will receive all outstanding shares in the entire cash contract worth about $ 6.25 billion.
It allows a company to a company to “make your work for long-term growth” because it is not “under public inspection”, not to Yahoo Finance.
Soon, in the fourth quarter results, Nordstrom is concealed soon. Nordstrom’s The same store sales jumped 9.7% in the Nordstrom work and the rocket of sales and more than the price increased by 5.3% and 3.5%, 3.5%.
“Nordstrom succeeded in getting the brands Trend,” he said. He noted that these brands and lower price scores were resonated with Gen Z.
The types of Nordstrom’s decision to go private can be a playbob. Swartz, the shops sold to the public in the next five to 10 years were not stores sold to the public. At the same time, he does not think that Macy’s or Kohl’s “very low assessments at this point” will be sold soon.
Ashley Buchanan, General Director of KOHLEY Buchan, who joined the company in January, is the third-party director of the retailer in three years. Buchanan previously caught the chain of Michael’s craft shop and worked at Walmart and Sam’s Club.
Kohl’s corporate workforce and shots took action with the plans to cut about 10% of the stores.
Kohl passed the previous review, but “nothing was working,” Saunders said. In the last year, investors will want to see rapid results with shares with more than 65%.
Again, “Buchanan) You can’t wait for miracles overnight,” Saunders said.
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Buchanan will have to change the mistakes of many Kohls as they go away from name stamps like private label brands and armor (Do) Often the coupon offers will be excluded and “took the opening price point,” for major customers.
Kohl, now plans to invest in a range of categories such as delicate jewelry, petite clothing and intimates, telure recommendation group President Dana Telsey. Sephora is trying to build a “building” between the main growth areas, such as partnership and home decor.
JCpenney and Arkansas based store Dillard’s (Dds) quietly used.
JCPenney has not yet reported the results of the fourth quarter, but the results of the third quarter reduced the net sales from 8% to $ 1.4 billion per annum.
Kohl and JCPenney shared a similar audience, Swartz, Kohl said that JCPenney will benefit from five years ago. JCPenney still pushes with her $ 1 billion In 2023, an investment plan was announced.
Meanwhile, Dillard also fought the same topics as the others. However, this was not reflected in a stock price for about 20 times, with more than $ 360.
SWARTZ said that when the majority of the family had a majority of the family, “people are more or less written like dead.”
As he began to improve the edges of the languages, “investors began to jump to him,” he said.
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Brooke Dipma is a great reporter for Yahoo Finance. Follow him in x @Brookedipilation Or send it to bdipala@yahoofinance.com.
