Department Stores Struggle, Close Stores
This is a Nordstrom news story, published by Yahoo Finance, that relates primarily to Kohl news.
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store sales improvementYahoo Finance
•Business
Business & Economics
Macy's, Kohl's close department stores as they struggle to remain relevant
83% Informative
Since 2010 , department stores' retail value has declined 44% .
Macy 's, Nordstrom , Kohl 's, and others show diverging paths as department stores look to bring customers back.
Nordstrom 's decision to go private could become a playbook of sorts of sorts in the next five to 10 years .
Kohl 's same-store sales dropped 6.7% in the fourth quarter .
Ashley Buchanan is the retailer's third CEO in three years .
JCPenney and Dillard 's have also struggled with the same issues as the others.
Still, "you can't expect [Buchanan] to work miracles overnight," Saunders said.
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