Macy's is reacting to falling mall traffic and slumping sales by closing a slew of stores. Nordstrom won't follow in its footsteps, though.
J.C. Penney may need to follow Macy's and Sears by closing many stores unless it can get its comp sales growing again in 2017.
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Macy’s and Under Armour might look tempting after their recent sell-offs... but buyer beware.
Department store chains and other brick-and-mortar stalwarts are clearly struggling, but this accounting trick is making their store-based sales look better than they actually are.
Last month, investors started to realize that their recent optimism about department store stocks may have been misplaced.
A bearish analyst report and other rumors about weak holiday season sales drove Nordstrom stock down last month.
Sales trends remained weak at Macy's in the past two months, and the company doesn't expect a recovery in the near future. Yet Macy's stock can perform well even if revenue continues to decline.
This fashion trend has swept over retail and changed how consumers view clothes.