Well, I am glad they are doing something and some of these things may prove to be helpful. As Mr. Clarke pointed out, there is a big problem because the department store -- and the mall-- are dying. I, however, like Penney and I shop there. I would like to see them survive. There is a second huge problem: a giant, burying debt load! I am most concerned about their debt.
I do wish them the best!
I think this is a great partnership with potential for both partners. I for one like Kroger and shop there when I am in their market territory. I like Walgreens as well, and shop them too!
I am in an area which no longer has Kroger grocery, so If I could go to Walgreens and find the great Kroger private labels -- win-win!
I really applaud their efforts and I Wish them the best. I personally like J.C. Penney!
I am most afraid that the debt burden that they suffer under will most determine the future that they will be subject to.
I hate to say this, but the department store has been eclipsed. This sadly means that it is unnecessary. It is non sequitur. It has no reason.
I personally like J.C. Penney and shop there. I believe that they will be done in by their debt.
Nordstrom really does a good job with salespeople who do seem to give a darn and be much better trained than the other stores. I do not consider Nordstrom a typical department store; it borders on specialty store, in my opinion. (Mr. Phibbs is RIGHT!)
Kohl's is a different animal all together, and Macy's is different too. Yet Macy's and Penney are most alike, even though I am certain that Macy's would incorrectly want to be compared with Nordstrom. That would be comparing a store brand with Hagen Daas, for example.
The problem is that none of these stores matter. If all of them disappeared tomorrow, it would NOT matter. It would be a horrible thing for all the people who work at those stores, but for the customer -- nil.
I believe that in ten years the only one to be around will be Nordstrom, if they remain committed to service, and perhaps Kohl's. I say that only because they seem to have been the "darling" for so long. It will take time for their customer to age and go away.
However, I hate to say this but again, if they all disappeared tomorrow -- aside from the terrible loss of jobs -- what would it matter? That is the problem: they do not matter. Making something relevant in that situation is difficult. And Amazon becomes easier and more accommodating every day!
Lord & Taylor is an American retail icon. L&T heralded and championed American designers in the mid 20th century and at that time was "new and modern"
Lord and Taylor is the last and only surviving carriage trade store! All other Carriage trade stores are gone, passed into history.
I am certain that no one knows that L&T is the last carriage trade store -- and no one cares!
The day of L&T sadly has long passed. It has some very nice locations and store properties -- that is it's value now --- and I am SURE there are some bright smart people working for the company, along with many other hard working people who will sadly lose their jobs!
That is brilliant! I am unaware of how dire things at Dillard's are, but the L&T store portfolio includes some very nice locations and this would be a terrific opportunity for Dillard's to get into some new markets -- if they have the wherewithal. Great possibility!
Dillards should however not over pay for L&T. That would be a terrible and costly mistake. The price would most certainly have to be "right." It would be better to wait and be patient for Lord & Taylor to fail completely, then they could potentially swoop in and get locations without the difficulty of closing bad locations/underperforming stores.
Many Stage stores are in communities where there really is little other choice. Like Mr. Mathews said, execution will be so important. But I believe that in a lot of their communities, this could really benefit them as well as the shoppers they are serving! Without doubt, in their larger communities they face stiff competition from TJX, Ross, and possibly Macy's Backstage, but if their execution is good and they build a good foothold, their customers may see them as a reliable and dependable destination.
Kudos to Philly! Detroit, Miami, L.A., Chicago, the New York Boroughs, and many others should do the same! So insulting and out of touch. I am so happy for all the Amazon
marketers and higher ups who are so well off that the thought of cash and dealing with it is ridiculous to them! How out of touch! There are a lot of people who do not have the ability to keep a minimum in a bank and avoid fees taking money out of a hard earned paycheck -- and maybe it is difficult getting credit. Many, many people live paycheck to paycheck.
I guess that is the plan! The Amazon higher ups and maybe even some of the potential customers may not want to actually "deal" with this part of the population?
I am sorry, I am being mean and judgmental. But it makes me wonder....
I applaud Walmart for their laser sharp focus. They know their customer and serve them well. At the same time they are so open to trying things. They take Amazon on -- head on -- and they do not seem afraid and they show NO SIGN of surrender. They are behind Amazon with regard to on-line, but they continue to learn and continue to grow! They really seem to be the only one with a decisive plan and attack to fight and be successful. They also seem to realize the strength of their bricks and ways to use them for overall benefit. They are being expertly lead and they are expertly executing right now!
When I was in college and for several years thereafter, I shopped Payless as a "go to" for shoes. They had an unbelievable selection of dress and casual shoes and many styles of boot. It was amazing. The quality was poor, however the prices were ridiculously low. On sale, I usually bought under ten dollars. When the shoes wore out, I was usually over them anyway, and they DID last for a few seasons. It was terrific.
I now can buy better quality shoes, however, the selection at Payless fell apart about ten years ago. All of the interesting and different shoe styles they had previously offered dried up and disappeared. The offerings became stale and expected. Also their prices steadily rose to the point where they lost out to much better quality shoes at many other retailers at the same price or less with a sale!
So now Payless is going out of business. I am really sorry for all the people that are losing their jobs! Their closure otherwise has no effect on me because they no longer enter my thought of a potential supplier when I am in need of footwear.
A mess! I never understood what they were doing going into appliances and I do not think they did either. The original "We have appliances since Sears is gone" was okay, and then -- nothing -- no advancement of that narrative! Likely simply a comfort spot for Mr. Ellison. Good riddance to appliances. However....
(And I really like JCP. I shop them for much of my business clothing.)
None of this matters. Their unsustainable debt load is going to kill them! I am very afraid that the debt will disallow any real change through the starving of operative cash! We are already watching this -- Painful!