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| Brief Excerpt: | ...Department store industry sales, as measured by the U.S. Census Bureau, have declined 27% over the 10-year period through 2016. Sales declines have accelerated to 4.5% in 2016 from an average of 2% over the prior five years, as fundamental changes in the way consumers think and shop for clothing have become more pronounced. This decline compares to Fitch Ratings' expectation of overall retail sales growth (excluding automobiles and gasoline) of 3%¡4% annually. Consumers are seeking out value-oriented retailers offering attractive and acceptable-quality merchandise. These behavioral changes have resulted in traffic and sales declines for many traditional apparel sellers, including both department stores and specialty retailers, as sales shift to the online, off-price and fast fashion channels.... |
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| Report Type: | |
| Company(ies) | Sears, Roebuck Acceptance Corporation
, Sears, Roebuck & Co.
, Old COPPER Company, Inc.
, Macy's, Inc.
, Kmart Corporation
, Kohl's Corp
, Dillard's, Inc.
, Nordstrom, Inc.
, Sears Holdings Corporation
, Macy's Retail Holdings, LLC
, Kmart Holding Corporation
, Copper Sub Corp Inc |
| Ticker(s) | DDS
, JCP
, JWN
, KSS
, M
, SHLD |
| Issuer | |
| Format: | | PDF |  |
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