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We went shopping at Macy’s and JCPenney to see which was a better department store, and the winner was clear
Macy's and JCPenney are two of the most well-known department stores in the United States, and each has been around for over 100 years. Even though department stores are no longer in their heyday, we found one of the stores was in much better shape than the other during a recent visit to both.
We shopped at TJ Maxx and Kohl’s to see which store was better, and the winner was clear for one key reason.
TJ Maxx and Kohl's have a lot of the same products from the same brands. TJ Maxx is an off-price retailer, and Kohl's is a department store, but they appeal to a similar crowd. However, one store had more to offer than the other — see who the winner is.
Macy's is going all in on off-price retail with its Backstage concept, but it doesn't seem to be putting a dent in TJ Maxx's sales.
Nordstrom is planning to become the "partner of choice" for direct-to-consumer brands. It has partnerships with Allbirds, Bonobos, Reformation and most recently, Lively.
We went shopping at Nordstrom and Macy’s to see which was a better department store, and the winner was clear
Nordstrom and Macy's are two of the most well-known department stores in the United States. Even though department stores are no longer in their heyday, both were in good shape when we visited. Ultimately, one store had a lot more to offer than the other.
JCPenney’s turnaround is under threat as analysts slam the retailer as ‘increasingly tired and lacking in spirit’
JCPenney reported worse-than-expected earnings on Thursday. "There is a party going on in retail, with consumers spending in a relatively carefree way. However, this is a party to which JC Penney was not invited," analyst Neil Saunders wrote in a note to investors.
One of the UK’s biggest department stores collapsed — but was almost immediately rescued by a billionaire sports tycoon
EY, one of the "Big Four" accountants, have been appointed as administrators. House of Fraser, which employs 17,500 people across the UK, will continue to trading while EY tried to find a buyer for part or all of the business.
A JCPenney executive told The Wall Street Journal that the company "took its eye off of its core customer" — the middle-aged mom — in its effort to appeal to millennials. It is now trying to win back these shoppers.
Amazon's Prime Day sales could be stealing shoppers away from department stores. Using last year's data, Foursquare showed that department and discount stores were worst impacted by Amazon Prime Day in terms of declining foot traffic to their stores.
Partnerships with brands like Reformation, Allbirds, and Bonobos are paying off for Nordstrom. At the department store's Investor Day this week, Co-president Erik Nordstrom said that the store has become a "partner of choice" for these direct-to-consumer brands.