From Yahoo Finance: 2025-03-27 18:51:00

America’s department stores face challenges as consumer behavior shifts towards online giants like Amazon, Walmart, TJX, and Ross Stores. Macy’s, Nordstrom, and Kohl’s struggle as department stores’ sales drop 44% since 2010. Store closures, loss of sales, and high inflation pose hurdles for revitalization efforts.

Macy’s, Nordstrom, and Kohl’s attempt turnarounds amid declining sales. Macy’s grew same-store sales by just 0.2% in crucial holiday season. Macy’s warns of profit hits from tariffs and consumer focus on value. Investors grow impatient as Macy’s shares dive 33% in a year, trading well below a past buyout offer.

Macy’s shows signs of progress with 1.2% same-store sales growth in select stores. GlobalData retail director sees potential for Macy’s reinvention. Nordstrom’s move to go private in $6.25 billion deal with El Puerto de Liverpool aims for long-term growth away from public scrutiny. Nordstrom sees 4.7% same-store sales increase in fourth quarter, resonating with Gen Z trends. Kohl’s faces investor pressure as same-store sales drop 6.7% in Q4. New CEO Ashley Buchanan plans layoffs and store closures. Shares down 65% in a year, with pressure for quick results. Kohl’s shifts focus to name brands like Under Armour and plans to invest in jewelry and home decor.

JCPenney and Dillard’s quietly operate, with JCPenney facing a decline in net sales by 8% to $1.4 billion. Kohl’s would have benefited if JCPenney had gone under. Dillard’s struggles like others but trades at $360, showing potential improvement. Family ownership contributes to investor interest in Dillard’s. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This was attributed to concerns over rising inflation and interest rates, as well as uncertainty surrounding the ongoing trade war with China.

2. In other news, a new study has found that over 70% of Americans are now overweight or obese. This marks a troubling trend in the country’s health, with experts warning of the increased risk of chronic diseases such as diabetes and heart disease.

3. On a more positive note, the unemployment rate has reached a 50-year low, with only 3.7% of Americans currently out of work. This is a promising sign for the economy, as more people are finding jobs and contributing to overall growth and stability.



Read more at Yahoo Finance: Macy’s, Kohl’s close department stores as they struggle to remain relevant