A Study of the Top 10 Largest Department Stores in the U.S.
October 16, 2014 01:13 PM
In the last 30 years, so many venerable department stores have disappeared that the remaining department chains seem like endangered species. But last year, according to a new Internet Retailer study of the nation’s 10 largest department stores, the surviving chains are suddenly embracing online retailing as if it were a life preserver. These 10 chains grew their total sales by a scant 0.4%, but that performance would have been much worse were it not for aggressive e-retailing programs that expanded their department store web sales by 24%, much faster than the e-retailing industry grew as a whole. The question is why are three of these chains still building stores?
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