A 30% stock plunge, collapsing store traffic, and margin pressure all point to the same thing: Affluent shoppers are rattled and recession fears are rising
Not just a recession but a stagflation looks likely in the future.
department stores are all going to die a painful death in the near future regardless except for like Walmart because they’re too big to fail at this point
department stores are all going to die a painful death in the near future regardless except for like Walmart because they’re too big to fail at this point