Tuesday, September 4, 2018

Department stores' fortunes rise as they shun inventory

Retail Dive
The department store retailers in recent quarters have been able to improve both their top-line sales and margins through better management of their inventory, as well as creating a seamless shopping experience for customers, according to a recent Moody's report emailed to Retail Dive.

Analysts led by Christina Boni pointed to Kohl's fourth straight quarter of comparable sales increases, and also strong sales performances at Macy's and Nordstrom in recent quarters as evidence of sector improvement. During the same period, inventory levels at the stronger department stores have declined.. . . more