Tuesday, May 17, 2016

Consumers Want to Spend, Just Not in Your Boring Store

Image result for macy'sFinancial results from Macy's, Nordstrom,  J.C. Penney, and other department stores this week make it seem like the American consumer is flat-out depressed. But the government's April retail sales numbers, out Friday -- showing the biggest jump in a year -- paint a totally different picture. What gives?

The reality is that American consumers want to shop. They just don't want to shop at your department store. And frankly, I don't blame them. And neither do investors, who have sent shares in U.S. department stores down by 50 percent this year.. . . more

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