Retail Wasteland: Mall Retailer Macy’s Suffers Earnings Decline … Again

Yes, the retail massacre continues, at least for mall stores.

Macy’s. the venerable retailer. saw comparable store sales at owned plus licensed stores decline -4.6%, below the already depressed estimate of -3.5%.

Here is a chart depicting Macy’s declining fortunes.

The reaction for Macy’s equity?

Now, not all retail store sales are slumping. Home improvement giant Lowe’s is actually gaining ground. Likely because I just bought a dishwasher at Lowe’s.

Internet companies and home improvement are leading US earnings growth while non-HI retailers are sucking wind.

I wonder if the Macy’s Thanksgiving Day parade will be replaced with an Amazon parade where everyone stays at home ordering goods?

I hope The Who does a new version of Teenage Wasteland and renames it Retail Wasteland.

 

 

Advertisements

One thought on “Retail Wasteland: Mall Retailer Macy’s Suffers Earnings Decline … Again

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s