Target and TJMaxx are killing department stores
Department stores like Macy's have a big problem, and it's not Amazon: Discount retailers Target and TJMaxx continue to take their customers.
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Department stores like Macy's have a big problem, and it's not Amazon: Discount retailers Target and TJMaxx continue to take their customers.
Kohl's innovative strategy to draw customers into its stores won the company praise and fans on Wall Street. But shoppers are going elsewhere, and investors are losing confidence in Kohl's.
The winners and losers of America's great retail shakeout are becoming clear. Target and Walmart are definitely winners. Just about every traditional department store is losing.
Kohl's is known for selling big brands like Nike and Levi's. But to draw Millennials to stores, it needs to start offering niche brands with loyal Facebook and Instagram followings.
Kohl's reinvented itself to adapt to sweeping changes in the retail industry. But the company still can't dodge intense pressures on department stores from online rivals, big box retailers and discount chains.
Kohl's just got a little help from Oprah Winfrey-backed WW to boost its health and wellness credentials.
American stores had a great holiday. So why are their stocks getting killed?