Market Analysis of Department Stores Emphasizing on Strategic Issues & Market Trends
Though 2017 was a nightmare for department stores; 2018 witnessed reinvention and audacious strategies. New and bold strategies incorporated closing less-profitable larger locations and opening smaller-format stores along with augmenting mobile applications. Besides, to stay abreast in the market, companies such as Sears, Macy's and Kohl's are looking at ways for reinvention. These assimilations are according to the report titled "retailer deepdive: department stores market," which has been recently added to the repository of Market Research Hub.
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