Reported about 6 hours ago
As department stores like Macy's, Kohl's, and Nordstrom enter the holiday season, their turnaround prospects remain unclear. Sales have been declining amid intense competition from e-commerce giants and off-price retailers. Despite efforts to enhance online operations and close underperforming stores, these retailers are struggling with digital adaptation and high operational costs. Analysts suggest that they may need to consider private buyouts to escape Wall Street's scrutiny, especially as consumer spending patterns shift towards value-driven purchases.
Source: YAHOO