In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Macy’s (NYSE: M) I think this department store icon is closer to death than many people suspect. Incredibly, Mr. Market valued Macy’s at $5.36 a share on 18 May 2020. Thus, Macy’s share price is less than the Gap. I think all Macy’s stores could close this year.
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Moreover, JC Penney’s debt was over 10 times the size of its July 2, 2019; market capitalization of $345.33 million. Given these figures, I cannot see how JC Penney can pay off those debts.
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Thus we can safely describe JC Penney as a zombie of the retail apocalypse. Conversely, JC Penney is a zombie that makes money.
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Traditional department stores are dying before our eyes. Shares of JC Penney (NYSE: JCP), the quintessential middle-class retailer were trading
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By then TJX will be America’s dominant department store and a pretty good value investment. The experience at TJX proves that retail apocalypse is actually good for some brands. One has to wonder why more retailers are not copying TJX’s business model of deep discounting, and taking over from dying competitors.
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2017 has become the worst year for store closings in the United States possibly since the Great Depression. There is a strong possibility that the actual number of store closings might exceed 10,000. Such a number is possible because analysts like Credit Suisse may not be counting franchisees and mom and pop stores that will also be going under.
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By shrewdly taking advantage of the opportunities created by the retail apocalypse, TJX has grown into America’s dominant department store brand. It is liable to remain in that position for a long time to come because of the sheer ineptitude of the competition.
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The real culprit in the death of the Great American Department Stores is changing times. Since there is no way to change that investors should stay away from this sector, perhaps far away.
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The incredible momentum has made Amazon America’s dominant retailer. It is setting the trends for the industry and effectively dictating some aspects of business practice such as prices and return policy to brick and mortar competitors.
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The most disturbing aspect of the retail apocalypse afflicting America is that nobody knows how many stores are really closing.
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