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RAB Research Archive

Department stores admit they've gotten too big, but they have different ideas about how to fix it



Major department stores finally agree that they need less square footage in the U.S. Yet as each of these chains trims their fleets for the digital era, they're taking slightly different approaches. J.C. Penney said it will close between 130 and 140 stores over the next several months, allowing it to invest in locations that are more meaningful to its top line. The decision marked a major pivot point for the company, which shuttered just seven stores in 2016.

Source: CNBC



View or Download: http://www.cnbc.com/2017/02/24/department-stores-admit-theyve-gotten-too-big-but-they-have-different-ideas-about-how-to-fix-it.html

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