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Macy's, Kohl's close department stores as they struggle to remain relevant

submitted by dosvydanya_freedomz to EconomicCollapse 1 monthMar 28, 2025 09:24:24 ago (+11/-0)     (www.yahoo.com)

https://www.yahoo.com/finance/news/macys-kohls-close-department-stores-as-they-struggle-to-remain-relevant-225146211.html

America's department stores are trying to stay relevant in a new era of consumer behavior.

As consumer preferences have shifted to low-price convenience players like Amazon (AMZN), Walmart (WMT), TJX (TJX), >and Ross Stores (ROST), legacy department stores face a critical juncture.

"There's all these other alternative retailers [that] didn't use to exist like Walmart and Target, ... in hardware Home Depot and Lowe's, and in beauty like Ulta, and, of course, online like Amazon," Morningstar analyst David Swartz told Yahoo Finance. "The department stores were created for a completely different customer."


7 comments block

Got ya. Fuckers would try hiding shit in baby strollers. Definitely not the brightest. Especially when they would try to sell me unique shit like dbz toys and get themselves banned from hidden inventory stickers we would use to tell if an item was sold or not.